Director, Managing Counsel- Commercial Law Group- Technology

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Director, Managing Counsel. This role is located in NYC, Pittsburgh, or Lake Mary, FL- Hybrid- 3 days in-office 

BNY Commercial Law Group (CLG) provides global legal support on a wide range of procurement-related matters, with its primary focus on technology procurement (e.g. software development, licensing and maintenance, SaaS and cloud, IT outsourcing and hardware leasing and purchase) as well as the procurement of consulting, business process outsourcing and other services.  We also support BNY strategic technology-related initiatives, including external partnerships, collaborations, and mergers and acquisitions.

In addition, we support and advise BNY Enterprise Change, Resiliency and Sourcing Office (ECRSO) on maintaining, enhancing and executing a robust governance program that complies with all applicable global regulations and BNY risk appetite. This includes keeping up to date on the latest regulatory developments in the fields of vendor management and third-party governance, guiding the implementation of changes necessary to comply with regulatory changes, and assistance in preparations for discussions with, and examinations by, regulatory agencies. 

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

• Structure, draft and negotiate a variety of complex transaction documents, including technology procurement agreements (e.g., SaaS and cloud), outsourced (ITO and BPO) and managed service agreements, market data agreements and technology-related partnership and collaboration agreements.
• Provide practical and business-focused counsel by understanding business strategy and goals and succinctly and effectively communicating legal issues and solutions, including working with lines of business to support development of commercial contract documentation such as service descriptions, service level agreements and fee schedules.
• Liaise with a variety of senior BNY stakeholders, including ECRSO, lines of business, and other business partners to ensure appropriate awareness and escalation of issues as they arise.
• Assist in the maintenance and improvement of contract templates and contract review checklists so that they remain in compliance with BNY standards and practices in light of the dynamic regulatory regime under which BNY operates.

To be successful in this role, we’re seeking the following: 

• 8-12 years as a practicing attorney, with 5 years of experience structuring, drafting and negotiating complex technology procurement agreements (e.g., SaaS and cloud), outsourced (ITO and BPO) and managed service agreements, market data agreements and technology-related partnership and collaboration agreements at a law firm or in-house legal department (law firm or financial services company experience preferred).
• Basic knowledge of cybersecurity, artificial intelligence, technology controls, information security, data privacy and protection, and data management.
• Knowledge of financial services regulations and regulatory guidance on outsourcing and other third-party relationships preferred.
• High degree of self-motivation and ability to work both autonomously as a lead attorney on transactions and as part of a global team.
• Strong analytical, problem-solving and drafting skills, with proven ability to drive projects to completion.
• Ability to handle and prioritize multiple tasks to deliver timely, excellent work product in a pressurized environment.
• Excellent verbal, written, negotiation and interpersonal communication skills.
• Experience using legal technology, such as contract lifecycle management tools (e.g., SirionLabs and iManage) preferred
• JD (or equivalent if outside of the U.S.).
• Member in good standing of New York State Bar or ability to qualify for in-house counsel admission.

At BNY, our culture speaks for itself. Here’s a few of our awards: 

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $139,000 and $250,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs. 
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.