Managing Counsel-PAS- Broker Dealer

  • Competitive
  • Jersey City, NJ, USA Jersey City NJ US
  • Permanent, Full time
  • BNY Mellon
  • 19 Aug 18 2018-08-19

Managing Counsel-PAS- Broker Dealer

Pershing Advisors Solutions LLC is seeking a Director, Managing Counsel to support its broker dealer business that provides solutions to unaffiliated Registered Investment Advisers, based in Jersey City, NJ. This individual should have excellent analytical, interpersonal, communication and organizational skills. They should be able to prioritize job functions within a small team that works closely with the business they support. In addition, they need to be excited to work in a fast paced, dynamic environment that requires hands-on support of business. The Director, Managing Counsel will negotiate contracts with clients for a variety of advisory and custodial products and services. This position serves as an adviser within in small team supporting the business line, as well as the broader Pershing Legal Department and requires a team-oriented counselor. This Director may advise on new product development and regulatory risk management. Provides business management and associates with expert advice and guidance in identifying the critical problems to which the application of legal analysis yields the greatest opportunity for mitigating risk and maximizing business opportunities. Keep fully informed on all developments, updating the team and business management as appropriate. An ideal candidate has in-house experience in securities law with expertise in the 1940 Advisers Act and broker dealer regulations. Experience with a regulator and/or broker dealer would be a plus. Responsibilities:

  • Partner with business unit management and staff with respect to issues assigned.
  • Prepare, review and negotiate company contracts, requests for proposals and other legal documents.
  • Assist the legal department with administrative and/or legal matters as necessary, including the management of matters assigned by supervising attorney.
  • Partner with the Compliance associates to provide holistic and comprehensive advice.
  • Provide leadership and direction to business colleagues on regulatory compliance and ethical conduct.
  • Collaborate with associates to develop legal and regulatory best practices.
Qualifications:
  • JD and licensed to practice law in New Jersey or licensed in another jurisdiction and retention of an in-house license to practice in NJ.
  • 10+ years of legal experience with a focus on investment advisory issues and contracts.
  • Excellent oral and written communication skills.
  • Strong interpersonal skills to influence and impact business decisions.
  • Excellent decision making skills.
  • Knowledge of laws and regulations relating to broker dealers is preferred.


Qualifications
  • JD and licensed to practice law in New Jersey or licensed in another jurisdiction and retention of an in-house license to practice in NJ.
  • 10+ years of legal experience with a focus on investment advisory issues and contracts.
  • Excellent oral and written communication skills.
  • Strong interpersonal skills to influence and impact business decisions.
  • Excellent decision making skills.
  • Knowledge of laws and regulations relating to broker dealers is preferred.

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Pershing provides critical business process, financial and technology solutions for financial organizations around the globe. We operate behind the scenes to power transformational change for broker-dealers, registered investment advisors, independent financial advisers, hedge fund and '40 Act fund managers and individual investors. We strive to be innovators, developing open architecture technology and financial solutions to support our customers' growth. We advocate on behalf of our customers and help them respond to regulatory reform and drive positive outcomes for our industry and investors. From our core business as an industry-leading trade execution, clearing and custody provider, we have evolved into a global multifaceted firm that provides investment solutions, forward-thinking technology-driven efficiencies, practice management and service excellence.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.


Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85116
Job: Legal
Organization: Pershing Domestic-HR06431
Requisition Number: 1803134