Full-Time
Director – Managing Counsel-Clearance & Collateral Management
Posted on 8/9/2025
The Bank of New York Mellon
10,001+ employees
Global financial services with asset management
Compensation Overview
$142k - $250k/yr
New York, NY, USA
Hybrid
Hybrid role; 4 days per week in-office in New York, NY.
 Legal & Compliance (1) |
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- Law degree (J.D.) and licensed to practice law in New York
- 8-12 years of experience at a law firm and/or large financial institution dealing with tri-party arrangements and other collateral management products
- Experience with account control agreements, security agreements, as well as Master Securities Lending Agreements, Material Master Repurchase Agreements, ISDA Master Agreements, Credit Support Annexes and other industry standard trading agreements
- Knowledge of current regulatory issues impacting the collateral management business, as well as securities finance and derivatives industries
- Experience with Securities and Exchange Commission rules, UCC Article 8 and related considerations, particularly as they apply to broker dealers and investment funds engaging in repurchase and securities financing transactions
- Knowledge of legal issues impacting the development of digital ledger technology is a plus
- Excellent verbal and written communication and presentation skills, and the ability to interact professionally with executives, managers, and regulators
- Solid quantitative and qualitative analysis skills
- Detail oriented, with ability to multi-task and prioritize to meet deadlines
- Successfully engages in multiple initiatives simultaneously
- Strong project management skills and able to successfully engage in multiple initiatives simultaneously
- The ability to be a proactive, dynamic member of a team
- Assist the Clearance and Collateral Management business in providing legal and regulatory advice
- Serve as key legal advisor on significant business transactions, regulatory and corporate projects, strategic initiatives, joint ventures and other internal and external collaboration arrangements
- Provide legal advice in connection with product development, including drafting, reviewing and negotiation of associated documentation
- Provide advice on digital and technology solutions developed by the Clearance & Collateral Management business
- Negotiate legal agreements and develop and update templates for these products
- Work closely with Compliance, Credit and Risk partners and other internal lawyers
- Review and draft policies and procedures for the Clearance & Collateral Management business
- Monitor and advise on industry developments
- Review marketing materials and thought leadership articles
- Participate in industry advocacy as part of relevant industry groups
- Knowledge of digital ledger technology is a plus
- Any other items that are preferred but not strictly required if present in text (none additional)
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
- Digital asset custody expands across regulated markets like the UAE.
- AI tools accelerate onboarding, servicing, and settlement inquiries.
- Snapdocs automation lowers mortgage collateral costs and extends eCustody.
What critics are saying
- Regulatory tightening can stall digital-asset custody expansion quickly.
- AI spending fails without measurable fee or cost improvements.
- Higher risk-weighted assets constrain CET1 and buyback flexibility.
What makes The Bank of New York Mellon unique
- BNY is the first U.S. G-SIB offering digital asset custody.
- BNY positions itself as an enabler, not a stablecoin issuer.
- BNY spends nearly $4 billion annually on technology.
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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.