What are the responsibilities and job description for the Senior Vice President, Product Manager position at BNY?
Job Description
Senior Vice President, Product Manager
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 is all about.
We are seeking a future team member for the role of Product Manager to join our Global Collateral Platform. This role is in New York, NY – Hybrid.
The experienced individual will focus on developing and enhancing products on our Global Collateral Platform focusing on U.S. government securities financing markets. The candidate should understand fixed income financing markets, the role Central Counterparties (CCP’s) play in the market, and the types of collateral products and services that are important in the market. The candidate will play a crucial role in supporting the SEC’s U.S. Treasury Central Clearing rule working with existing and new CCP’s. The individual will collaborate with internal stakeholders as well as CCP’s to develop/build out products to support financing and liquidity markets and the central clearing mandate. This role involves close collaboration with internal teams, CCP’s, regulatory bodies and market participants to ensure our products support the central clearing mandate, and access to the models offered by CCP’s.
In this role, you will make an impact in the following ways:
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 $100,000 and $190,000 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.
Senior Vice President, Product Manager
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 is all about.
We are seeking a future team member for the role of Product Manager to join our Global Collateral Platform. This role is in New York, NY – Hybrid.
The experienced individual will focus on developing and enhancing products on our Global Collateral Platform focusing on U.S. government securities financing markets. The candidate should understand fixed income financing markets, the role Central Counterparties (CCP’s) play in the market, and the types of collateral products and services that are important in the market. The candidate will play a crucial role in supporting the SEC’s U.S. Treasury Central Clearing rule working with existing and new CCP’s. The individual will collaborate with internal stakeholders as well as CCP’s to develop/build out products to support financing and liquidity markets and the central clearing mandate. This role involves close collaboration with internal teams, CCP’s, regulatory bodies and market participants to ensure our products support the central clearing mandate, and access to the models offered by CCP’s.
In this role, you will make an impact in the following ways:
- Product Development: Lead the development and enhancement of products that facilitate U.S. fixed income financing, related CCP products and services and compliance with the U.S. Treasury Central Clearing Mandate
- Stakeholder Collaboration: Work closely with CCP’s, market participants, regulators, and internal stakeholders to gather requirements, design and launch products, including those that align with clearing requirements.
- Project Management: Oversee the implementation of product initiatives, ensuring timely delivery and achievement of project goals.
- CCP’s & Market Participants: Provide expert support and guidance to CCP’s and market participants regarding U.S. governments securities financing markets, the Treasury market and central clearing mandate.
- Education: Bachelor’s degree in finance, Economics, Business Administration, or related field. Advanced degree preferred.
- Experience: Minimum 5-10 years of experience in product management, financial services, or related field with experience/expertise in government securities financing/repo markets.
- Knowledge: Strong understanding of the U.S. Treasury market, fixed income financing and collateral markets, and foundational knowledge of the SEC’s U.S. Treasury central clearing rule.
- Skills: Excellent Project Management, analytical and communication skills. Ability to work effectively with cross-functional teams and external stakeholders.
- People Leadership: Ability to lead and provide direction to colleagues within and across PODs.
- 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
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 $100,000 and $190,000 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.
Salary : $100,000 - $190,000
