Counsel-FX & Derivitaves

Job #: 1169 Exp.: 5 - 7 Years
Markets Legal is currently looking to add a Counsel, FX & Derivatives attorney to support BNY Mellon’s FX and Derivatives trading activities. The role will focus primarily on delivering effective legal support for the bank’s over-the-counter trading businesses including the management of our trading documentation team. A successful candidate will work with other lawyers in the US, EMEA and APAC to deliver a high standard of legal advice tailored to BNY Mellon’s business models.

The position involves the following key responsibilities:
  • Negotiating ISDAs, CSA’s, account control agreements, novations, guarantees and related documentation in support of BNY Mellon’s FX and Derivatives businesses.
  • Managing a team of 4 document negotiators, currently composed of both contractor and internal resources.
  • Working closely with business partners and BNY Mellon control functions (Compliance, Credit, Risk, Legal) to complete documentation and remediation projects.
  • Providing advice and assistance to Business, Credit, Risk and Compliance partners in respect of the bank’s FX/Derivatives activities.
  • Advising on settlement finality, netting and collateral enforceability issues related to BNY Mellon’s FX and Derivatives businesses.
  • Monitoring, interpreting and communicating on proposed regulations and their application to FX and Derivatives businesses.
  • Able to take responsibility for significant project assignments such as LIBOR remediation efforts and Reg IM implementation.
  • Representing Legal in project steering committees and documentation status meetings.

The successful candidate will have 5-7 years of relevant experience, specifically experience with FX and derivatives trading documentation. Experience with the following is also highly desirable:
  • Custody bank foreign exchange products and services;
  • MSFTA’s and related collateral issues; and
  • In-house legal and transactional advice at a global financial services institution.

The successful candidate should also demonstrate the following:
  • Excellent interpersonal and communication skills;
  • Strong drafting and negotiation skills;
  • Good organization skills;
  • Problem solving orientation and an ability to identify practical solutions;
  • Flexible and adaptable working style able to handle a demanding workload and changing priorities;
  • self-motivation;
  • Client-orientation and a willingness to cultivate good working relationships with colleagues; and
  • Experience in appropriately balancing commercial flexibility and legal risk management.

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