Enterprise Legal Services – Counsel for Technology and Contracts at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.

The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What we do: 

The Legal Function provides effective, efficient and client-focused legal services to the Bank across all business areas and activities. The Enterprise Legal Services division provides a range of expertise in support of the Bank's mission and operations and is comprised of four teams: Enforcement & Litigation, Employment & Corporate Matters, Technology & Contracts, and Financial Intelligence & Investigations.

The Counsel will draft and negotiate contracts for the procurement of services, software, data, and equipment for all Bank business lines, including business lines that run critical technology products such as auction and trading operations, and advise on legal issues relating to technology, innovation, software development and licensing, data privacy and security, third party risk management, and intellectual property. 

Your role as Counsel on the Technology and Contracts Team:

• Advise on the application of relevant laws and regulations as they relate to the acquisition or development of goods, services, software, and data by the Bank;




• Advise the Bank’s Technology Group and business lines on legal issues relating to software development including Agile practices and contract terms, software-as-a-service, cloud services, data management and licensing, machine learning and artificial intelligence, and open source software;




• Provide legal guidance on cybersecurity, privacy, and third party risk management, including contract terms to manage risk and enable compliance;




• Draft and maintain template agreements; review contracts, requests for proposal, and related procurement documents;




• Provide legal support for a range of matters across New York Fed business areas, including real estate and property management, food service, construction and facilities management as well as intellectual property, publishing, and social media; and




• Advise on legal issues relating to emerging and innovative technology products and services.

What we are looking for:

• Juris doctor with demonstrated expertise in advising internal clients across the enterprise in a range of practice areas; 




• Admission to the New York State bar;




• Excellent oral and written communication skills;




• Demonstrated attention to detail and critical thinking;




• Sustained ability to collaborate with team members and client representatives within the Bank and the Federal Reserve System with a solutions-oriented approach;




• Strong drafting skills, particularly with respect to transactional documents;




• Experience negotiating a broad range of commercial contracts; 




• Commitment to continuous professional growth and team efficiency and effectiveness; and




• A strong focus on client service.

Cover letters are strongly encouraged

Salary Range: $200000 - $230000 / year 

We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions. 

 

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more. 

 

Benefits: 

Our organization offers benefits that are the best fit for you at every stage of your career: 

• Fully paid Pension plan and 401k with Generous Match 




• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA) 




• Subsidized Public Transportation Program 




• Tuition Assistance Program  




• Onsite Fitness & Wellness Center 




• And more 

 

Please note that the position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are permanent residents may be eligible for the information access required for this position if they sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship and meet other eligibility requirements.  

 

In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana. 

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules. 

 

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service. 

 

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. 

 

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change. 

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Legal Family

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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