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.
As part one of the safest and most trusted financial institutions, the BNY Mellon Legal department mitigates risk and handles legal affairs to ensure the security of the company and its clients. BNY Mellon’s Legal Department, has overall responsibility for government affairs and advises on advocacy and policy initiatives of the company to support BNY Mellon’s domestic and international operations, and they also support all bank regulatory and supervisory issues.
Team Description: (Overview of the team)
The Office of Public Policy and Regulatory Affairs (OPPRA) manages BNY Mellon’s response to global regulatory reform and advise on supervisory and regulatory issues. The OPPRA sets and executes the company’s policy and regulatory priorities around the world and works closely with External Affairs, Risk, Compliance and Finance functions, and each line of business, to help BNY Mellon navigate through increased regulatory focus and change but also to manifest itself in regulatory intervention.
The OPPRA leads and coordinates advocacy efforts with regulators, policymakers and trade associations to ensure outcomes for BNY Mellon and the industry. The OPPRA identifies material regulatory initiatives and trends potentially impacting the business, and works with EMEA business leadership to set the policy agenda and priorities. The OPPRA plays a key role in preparing and co-ordinating communications and handling non-standard supervisory issues, aligned with compliance and lines of business.
Job Purpose: (What the job role involves)
The overall purpose of the role will be to provide legal support to the EMEA Office of Public Policy and Regulatory Affairs (OPPRA), in particular in drafting legal documents, carrying out research on policy and regulatory topics, monitoring regulatory developments, issuing updates and newsletters.
Responsibilities: (Key parts to the job role)
- To carry out entry-level work in support of the EMEA OPPRA lawyers, including assistance with the identification and review of new UK and EU legislation, to prepare summaries, briefing papers, presentation materials and draft communications.
- To monitor new developments including consultations and discussion papers and to keep internal stakeholders informed of any legal updates.
- Assisting with preparation of BNY Mellon submissions to the consultations/discussion papers and other communications to regulators and agencies.
- To liaise with other teams (including business line lawyers, compliance, risk and the PMO) identifying new regulatory changes which will affect the firm and to work with and support the teams involved with advocacy, impact and gap analyses and, thereafter addressing changes to business models and related operational and legal matters.
- To draft weekly newsletter and to update internal reporting documents.
- Managing internal regulatory databases.
- To contribute to enhancing internal documentation/information.
- To coordinate BNY Mellon’s annual update for the European Transparency Register.
- Overtime, to progress to more complex tasks involving substantive factual and legal issues and to exercise some independent judgment.
Requirements; (what we are looking for)
The successful candidate will have be an experienced paralegal with relevant experience from an in-house corporate or law firm setting. You will also have, but not limited to:
- Knowledge and understanding of English law principles of legislation and regulation and good knowledge of EU regulatory and legislative processes.
- Ability to draft effective communications.
- Knowledge of legal principles and process of legal research.
- Experience and interest in financial services sector and general UK/European financial services regulatory framework.
- A relevant paralegal or legal qualification / degree, or equivalent experience.
- To find solutions by investigating the factual and legal issues, analysing problems and communicating the results of any research to clients.
Nature & Area of impact:
- Practical and commercial approach and an appreciation of the need to provide practical solutions for clients.
Interaction / Interpersonal skills:
- Excellent communication skills.
- Excellent organisation and project planning skills.
- Strong analytical skills and attention to detail.
- Demonstrated initiative and high quality work standards are essential.
- Willingness to learn and cultivate good working relationships with clients.
- Ability to work independently and as a member of a team.
- Proven ability to handle multi-tasks and work effectively in time pressured situations.
- Ability to prioritise and work to deadlines.
- IT Skills: MS Office, including Excel and PowerPoint.
BNY Mellon is an Equal Employment Opportunity Employer.