Pershing LLC is seeking a Director, Managing Counsel to support Pershing LLC (“Pershing”) a registered clearing broker-dealer, based in Jersey City, New Jersey. (Office Location shall be temporarily remote due to Covid but may be open to Jersey City or Pennington NJ.)  

This individual should have excellent leadership, analytical, interpersonal, communication and negotiation skills, and should be able to prioritize job functions effectively.  The Director, Managing Counsel for Pershing will manage and negotiate client agreements, focused on fully disclosed clearing agreements, mutual fund distribution agreements, in addition to performing legal review of various types of disclosures and communications. This role will also be responsible for providing general advice to various business lines on a wide range of matters.  An ideal candidate has in-house counsel experience in securities law or experience with a regulator, with expertise in the Securities and Exchange Act of 1933 and 1934, FINRA rules and regulations.  General knowledge of privacy laws a plus.

 

Provides business management and associates with thoughtful, comprehensive legal advice and guidance in a fast-paced business environment subject to ever-changing regulatory expectations. Serves as a key adviser on the legal department’s leadership team influencing regulatory risk management policy and direction at the firm Keeps fully informed on legislation / regulation affecting Pershing’s operations to better assist and counsel in decision-making.  A broad based financial services background is required. 

Responsibilities:  

• Collaborate with business unit management with respect to strategic issues.
• Prepare, review and negotiate company contracts, requests for proposals and other legal documents.
• Respond on a timely basis to day-to-day inquiries from business partners regarding court orders, assets distribution requests and account set-ups.
• Assist business partners with ease of doing business for clients while minimizing risks to the enterprise.
• Draft disclosures as needed, including conflicts of interest and others required by rule or regulation.
• Provide leadership and direction on regulatory and ethical business conduct.
• Serve as liaison with outside legal firms and monitor / evaluate their activities.
• Educate business leaders and associates in emerging legal and regulatory best practices.

Qualifications

• JD Degree and licensed to practice law in New Jersey and/or New York or willing to obtain NJ in House license.
• Must be in good standing in licensed jurisdiction and up to date with CLE requirements.
• 8+ years of experience with a financial services firms, investment adviser, bank or regulatory agency preferred.
• Excellent oral and written communications skills.  Strong presentation skills.
• Strong interpersonal skills to influence and impact business decisions.
• Knowledge of laws and regulations that affect securities clearing and brokerage custody is strongly preferred.
• Excellent judgment and decision-making skills.
• Self-starter / motivated / takes ownership

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85116
Job: Legal
Organization: Legal-HR06241
Requisition Number: 2106179