Senior Director, Senior Managing Counsel (Clearance & Collateral Management)

In this role, you’ll make an impact in the following ways: Providing legal and regulatory advice to the Clearance & Collateral Management business across a broad and expanding product set Serving as a key legal advisor on strategic transactions, regulatory initiatives, corporate projects, and collaborations with internal and external partners Supporting product development and lifecycle management, including drafting, negotiating, and updating complex documentation Advising on central clearing, tri-party collateral management, custody, segregation, and related market infrastructure matters Supporting innovative initiatives involving digital assets, tokenization, distributed ledger technology, and other emerging technologies Partnering closely with Compliance, Credit, Risk, Operations, Technology, and other legal colleagues to deliver practical, business-oriented advice Drafting and reviewing policies, procedures, client-facing materials, and thought leadership content Monitoring legal, regulatory, and market developments and advising the business on evolving requirements and opportunities Participating in industry working groups and advocacy efforts, including matters involving SIFMA and other relevant forums Helping drive efficient and scalable legal support in a high-volume environment Examples of work may include: Central clearing documentation and regulatory support for multiple central counterparties Legal support for digital asset and tokenization initiatives Advising on market infrastructure projects involving clearing, settlement, custody, and collateral movement Supporting new product launches and enhancements involving AI-enabled workflow changes Assisting with high-priority projects with aggressive timelines and significant business visibility To be successful in this role, we’re seeking the following: J.D. and admission to practice law in New York [8–12] years of experience at a law firm and/or large financial institution Experience with tri-party arrangements, collateral management, clearance, custody, and related financial market products Familiarity with clearing agreements, account control agreements, security agreements, MSLA, MRA, ISDA Master Agreements, CSAs, and similar industry-standard documentation Strong knowledge of securities law, SEC rules, UCC Article 8, and related broker-dealer and investment fund considerations Familiarity with central clearing, securities finance, derivatives, and evolving regulatory issues in the collateral management space Experience with or interest in digital assets, tokenization, DLT, or other emerging market infrastructure technologies Excellent written and verbal communication skills, with the ability to produce clear, concise, and practical legal analysis Strong drafting, negotiation, and problem-solving skills Ability to manage multiple priorities in a fast-paced and rapidly changing environment A highly collaborative, collegial approach and the ability to work effectively across teams Comfort with technology and a willingness to adopt and improve AI-enabled legal workflows Preferred qualities: Intellectual curiosity and enthusiasm for innovative financial market infrastructure A proactive mindset and strong judgment Ability to manage ambiguity while maintaining attention to detail Interest in shaping new products and helping the business navigate novel legal questions Experience working on highly visible, time-sensitive initiatives with cross-functional stakeholders At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting‑edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn Here’s a few of our recent awards: America’s Most Innovative Companies, Fortune, 2025 World’s Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting. Base salary offered may vary depending on multiple individualized factors, including market location, job‑related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company‑sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. #J-18808-Ljbffr Socket.dev