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

Job-ID: 81668Category: Legal CounselLocation: New York, NY, United StatesWorkplace: HybridSchedule: Full time, DayPosted: 2026-09-11Base Salary Min: 136500Base Salary Max: 275000We’re seeking a collegial, highly skilled, and forward-thinking attorney to join BNY’s Legal team as a Senior Director, Senior Managing Counsel supporting the Clearance & Collateral Management (“CCM”) business. This is an exciting opportunity to work at the intersection of law, regulation, market infrastructure, digital assets, and product innovation. This role is available in New York, New York. The CCM legal team supports a dynamic and rapidly evolving business that sits at the center of major market structure and liquidity initiatives. The team advises on core clearance and collateral products while also supporting new and strategic efforts involving central clearing, digital assets, tokenization, collateral optimization, and next-generation market infrastructure. This role offers the chance to work on highly visible, business-critical projects with significant external client, regulatory, and industry impact.The ideal candidate is a trusted advisor who thrives in a fast-paced, constantly changing environment. The successful candidate will be able to balance high-volume business-as-usual work with complex strategic initiatives, engage collaboratively across Legal, Compliance, Credit, Risk, Operations, and the business, and contribute to the development of innovative solutions that shape the future of clearing and collateral management.Fluency with AI, or a strong willingness to build AI proficiency, is important for this role. The team is actively exploring modern legal and business applications of technology, and candidates who are comfortable using AI tools thoughtfully and responsibly to improve efficiency, analysis, and drafting are especially well suited to succeed.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 setServing as a key legal advisor on strategic transactions, regulatory initiatives, corporate projects, and collaborations with internal and external partnersSupporting product development and lifecycle management, including drafting, negotiating, and updating complex documentationAdvising on central clearing, tri-party collateral management, custody, segregation, and related market infrastructure mattersSupporting innovative initiatives involving digital assets, tokenization, distributed ledger technology, and other emerging technologiesPartnering closely with Compliance, Credit, Risk, Operations, Technology, and other legal colleagues to deliver practical, business-oriented adviceDrafting and reviewing policies, procedures, client-facing materials, and thought leadership contentMonitoring legal, regulatory, and market developments and advising the business on evolving requirements and opportunitiesParticipating in industry working groups and advocacy efforts, including matters involving SIFMA and other relevant forumsHelping drive efficient and scalable legal support in a high-volume environmentExamples of work may include:Central clearing documentation and regulatory support for multiple central counterpartiesLegal support for digital asset and tokenization initiativesAdvising on market infrastructure projects involving clearing, settlement, custody, and collateral movementSupporting new product launches and enhancements involving AI-enabled workflow changesAssisting with high-priority projects with aggressive timelines and significant business visibilityTo be successful in this role, we’re seeking the following:J.D. and admission to practice law in New York12 + years of experience at a law firm and/or large financial institutionExperience with tri-party arrangements, collateral management, clearance, custody, and related financial market productsFamiliarity with clearing agreements, account control agreements, security agreements, MSLA, MRA, ISDA Master Agreements, CSAs, and similar industry-standard documentationStrong knowledge of securities law, SEC rules, UCC Article 8, and related broker-dealer and investment fund considerationsFamiliarity with central clearing, securities finance, derivatives, and evolving regulatory issues in the collateral management spaceExperience with or interest in digital assets, tokenization, DLT, or other emerging market infrastructure technologiesExcellent written and verbal communication skills, with the ability to produce clear, concise, and practical legal analysisStrong drafting, negotiation, and problem-solving skillsAbility to manage multiple priorities in a fast-paced and rapidly changing environmentA highly collaborative, collegial approach and the ability to work effectively across teamsComfort with technology and a willingness to adopt and improve AI-enabled legal workflowsPreferred qualities:Intellectual curiosity and enthusiasm for innovative financial market infrastructureA proactive mindset and strong judgmentAbility to manage ambiguity while maintaining attention to detailInterest in shaping new products and helping the business navigate novel legal questionsExperience working on highly visible, time-sensitive initiatives with cross-functional stakeholdersAbout the organizationAt 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, 2025World’s Most Admired Companies, Fortune 2025“Most Just Companies”, Just Capital and CNBC, 2025Our 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.About the companyAt 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.