Full-Time
Counsel – Employment/Compensation & Benefits
LA-Legal, GB_00270_BNYM - LONDON BRANCH_BU
Posted on 8/9/2025
The Bank of New York Mellon
10,001+ employees
Global financial services with asset management
No salary listed
Manchester, UK
Hybrid
 Legal & Compliance (1) |
|---|
- circa 5+ years PQE (or equivalent experience) with a legal background in employment and compensation and benefits law, preferably with significant financial services experience.
- Good understanding of UK employment law and experience of managing cross-border employment law issues;
- Working knowledge of TUPE, in particular in connection with outsourcing transactions;
- Experience in advising on employment and compensation and benefits implications of acquisitions and disposals;
- Working knowledge of the management of restructuring and redundancies;
- Experience in advising on employee relations investigations and in handling employment disputes, including litigation;
- Working knowledge of employment and compensation and benefits law and relevant financial services regulatory frameworks, including UK/EU compensation and benefits regulatory requirements;
- Experience with drafting and advising on terms of incentive plans and related award agreements (whether equity or cash)
- Experience in advising (or ability to manage procurement of advice) on UK pensions law issues (for employer) in order to be able to action as required;
- Good understanding of relevant regulatory requirements;
- Experience of frequent interactions with senior HR and business leaders;
- Excellent drafting and negotiation skills.
- An attorney with responsibility for supporting and providing timely advice to BNY’s businesses and corporate functions operating in various jurisdictions across the region in relation to employment and compensation and benefits issues, in partnership with BNY’s People Team, in particular:
- Advising on employment, labour and compensation and benefits legal issues arising in connection with business acquisitions and disposals, including outsourcing transactions and TUPE;
- Advising on and reviewing employment agreements, employment and compensation and benefits policies and employee communications;
- Providing legal advice on restructuring and redundancy arrangements;
- Providing legal advice on agreed employee separation arrangements, including occasional negotiation of settlement agreements;
- Providing legal advice on works council, collective bargaining and collective employee consultation issues;
- Advising on employee privacy issues, including data subject access requests;
- Advising on employee relations and employment litigation matters;
- Providing advice on UK and EU regulatory requirements relating to compensation and benefits in financial services;
- Drafting and advising on terms of incentive plans and related award agreements (whether equity or cash);
- Advising on and/or sourcing advice in relation to pensions law issues (for employer) in order to be able to action as required;
- Advising on implementation and management of and implementation of changes to employee benefit plans;
- Building relationships with relevant People Team and business and business partner managers to ensure understanding of relevant operations and identification of issues and solutions;
- Support to the instruction and management of external counsel, both in the UK and overseas (including assistance with analysis and collation of advice from such counsel);
- Assistance with the development of formal training sessions for business colleagues on relevant topics, e.g. documentary standards/policies/market industry issues/legal issues; and
- Informal knowledge-sharing within the legal team.
- Some In-house employment legal experience at a global financial institution as well as cross-border employment and global compensation and benefits experience outside of EMEA would be preferred, but not essential.
- We encourage candidates to apply, even if they don't meet every requirement, if there is interest and motivation to learn and adapt.
BNY Mellon combines traditional asset management, custody, and investment services with digital capabilities. It is building a multi-asset digital platform that links cryptocurrencies and tokenized securities with conventional financial systems, serving individuals, corporations, and institutional clients. Pershing X expands digital capabilities to improve client experiences; the firm earns fees, commissions, and interest income. By integrating ESG factors and partnering with Citi and Verizon, it aims to connect digital innovation with secure, scalable financial services.
Company Size
10,001+
Company Stage
IPO
Headquarters
Town of East Hampton, New York
Founded
1784
Simplify's Take
What believers are saying
- Q1 2026 revenue surged 13% to $5.41B with 42% EPS growth to $2.24.
- Over 200 AI solutions deployed boost productivity on $4B tech budget.
- Digital custody expands to UAE and Singapore Gulf Bank for crypto clients.
What critics are saying
- Deposit normalization compresses net interest income 15-25% within 12-24 months.
- CET1 ratio at 11% limits buybacks as risk-weighted assets rise.
- AI ROI delays strand $400M-$800M annually, compressing margins 200-400bps.
What makes The Bank of New York Mellon unique
- BNY Mellon launched industry's first multi-asset digital custody platform in 2022.
- BNY integrates bitcoin, ether custody with $59T traditional assets as G-SIB.
- BNY partners Goldman Sachs for tokenized MMF ownership on blockchain since 2025.
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People at The Bank of New York Mellon who can refer or advise you
Benefits
Health Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Flexible Work Hours
Remote Work Options
Company News
The Bank of New York Mellon has acquired an additional 101,810 shares of Strategy for approximately $18.7 million, bringing its total holdings to one million shares valued at around $187.2 million at current market prices. The institution, which manages approximately $2.1 trillion in assets, joins a growing number of large organisations establishing significant positions in Strategy as a means of gaining Bitcoin exposure.
The Bank of New York Mellon is expected to report quarterly earnings of $1.93 per share, up 22.2% year-over-year, with revenues forecast at $5.15 billion, a 7.5% increase. The consensus EPS estimate has been revised down 0.5% over the past 30 days. Analysts project total interest-earning assets at $390.81 billion, compared to $354.69 billion last year. Book value per share is expected to reach $58.50, up from $52.82 previously. The Tier 1 capital ratio is forecast at 15.4%, versus 14.7% a year ago. Net interest revenue is projected at $1.32 billion, compared to $1.16 billion in the prior-year quarter. Nonperforming assets are expected to decline to $191.31 million from $213 million last year.
Bank of New York Mellon has partnered with Singapore Gulf Bank, adding the firm to its correspondent banking network and providing access to its Fixed Income Brokerage platform. The deal enables SGB's crypto-native clients to access 24/7 US dollar clearing, money market funds and Treasury bills, bridging digital assets with traditional fixed income. The partnership highlights BNY's growing role in tokenised finance infrastructure, following the bank's recent Digital Asset Summit appearance where its CEO outlined positioning around tokenisation and digital custody. However, analysts view the development as incremental rather than a major near-term catalyst. BNY's narrative projects $23.2 billion revenue and $6.4 billion earnings by 2029, requiring 5% annual revenue growth. Fair value estimates range from $118.67 to $133.83 per share.
Strategy has purchased approximately $330 million worth of Bitcoin between 1 April and 5 April, the company disclosed, even as it reported a $14.5 billion unrealised loss in the first quarter due to Bitcoin's price decline. Bank of New York Mellon has been designated by the US Department of the Treasury as a financial agent for the Trump Accounts programme for newborns. BNY Mellon has partnered with Robinhood, which will serve as brokerage and initial trustee for the accounts. US stocks climbed on Monday as oil prices dropped amid cautious optimism for de-escalation in Middle East hostilities. Iran and the US have reportedly received a Pakistan-prepared plan for ending attacks, according to Reuters.
The US Department of the Treasury has named BNY Mellon as the official financial agent for its Trump Accounts programme, with Robinhood joining as a key partner. BNY Mellon will manage initial accounts and help develop a dedicated mobile application for families to access funds. Robinhood will provide brokerage services and act as initial trustee for the accounts. The secure, white-label platform will remain under full government control whilst emphasising usability and security for first-time users. The initiative aims to expand access to structured savings and investment accounts for younger Americans as part of broader financial inclusion efforts. The Treasury will maintain strict oversight, including performance standards and regulatory compliance. Details on eligibility and funding mechanisms are still emerging.