Counsel - Asset Servicing

Job Description

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 is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Counsel to join our Asset Servicing Legal team. This role is located in Manchester.

The attorney who fills this role will be expected to contribute as part of a larger team and to independently advise the Asset Servicing business.

Asset Servicing primarily provides fund accounting, transfer agency, middle office, custody and sub-custody services. Exposure to and interest in asset management and/or financial institutions practice, technology, digital assets (e.g. cryptocurrencies and tokenized assets), distributed ledger technology, and/or data and analytics, is helpful but not required.

In this role, you’ll make an impact in the following ways:

Serving as a trusted internal resource and key legal advisor on significant business transactions, regulatory matters and strategic initiatives. Liaising with a variety of key BNY stakeholders, including lines of business, business partners and senior leadership, to ensure that any material legal issues are properly identified, escalated and mitigated. Managing the drafting and negotiation of a variety of service agreements with clients, and related provider agreements with third party banks that underpin BNY’s custody service offering. Demonstrating the ability to handle a broad portfolio of legal issues. Working collaboratively, seeking guidance and input from colleagues throughout the organization to ensure solutions align to global legal strategies. Partnering with colleagues who also serve in an advisory or oversight capacity, such as those in Risk, Audit, Compliance, etc. Managing outside counsel, reviewing work for appropriateness, quality and alignment to expectations. Developing a broad understanding of BNY products and services. A qualified Solicitor or Barrister currently licensed to practice in either Ireland or UK (or equivalent qualifying location) with ideally 3-8 years PQE, relevant experience gained from a leading law firm. Prior substantive knowledge and experience in the Financial Services industry (e.g., Investment Servicing or Investment Management) is preferred. Experience of outsourcing, custody, cross-border activities and/or MiFID is desirable. Excellent verbal, written, and interpersonal communication skills. A clear communicator that can deliver legal advice in layman’s terms and lead discussions with relevant stakeholders. The candidate must also have excellent legal and business judgment as well as strong negotiation skills. Strong analytical, problem-solving and drafting skills with proven ability to drive projects to completion. A team player. The ability to work collaboratively with one’s colleagues is an essential pre-requisite for this role. Ability to manage multiple projects and priorities in a fast-paced environment. Must be able to manage and prioritize across a large volume of complex matters with competing deadlines and different internal stakeholders. Experience working with technology, software, digital assets, blockchain, data and analytics legal issues, a strong plus.