Specialist, Product Management

Background

BNY Mellon's Pershing is a leading provider of clearing and custody services that is uniquely positioned to help complex financial services firms transform their businesses, drive growth, maximize efficiency, and manage risk and regulation. Wealth management and institutional firms outsource to Pershing for trading and settlement services, investment solutions, bank and brokerage custody, middle and back-office support, data insights, and business consulting. Pershing brings together high-touch service, an open digital platform and the BNY Mellon enterprise to deliver a differentiated experience for every client.

Pershing LLC (member FINRA, NYSE, SIPC) is a BNY Mellon company. With offices around the world, Pershing has over $2 trillion in assets and millions of investor accounts. Pershing affiliates include Albridge Solutions, Inc., Lockwood Advisors, Inc., an investment adviser registered in the United States under the Investment Advisers Act of 1940, and Pershing Limited. Additional information is available on pershing.com or follow us on LinkedIn or Twitter @Pershing.

The Strategic Partnerships team is responsible for developing and implementing the strategy for managing third-party platform providers who support our clients. Working in collaboration with our lines of business and technology partners, this team manages the engagement process with these partners, oversees the financial model, enhances the integrated functionality with the providers and collects market intelligence to determine future demands for services.

Position Summary

Provides leadership for the product functionality required to support our integrated services with strategic third-party partners and ensures these efforts are delivered on time and on budget. This includes developing the strategy and product roadmap for these solutions based on industry trends, regulatory changes and client needs. Also, manages the product development process across the lifecycle from product inception through development and launch. Engages directly with clients and third-party providers to understand needs and address their inquiries.

Job Responsibilities

• Leverage strong market knowledge to integrate the demands of clients in efforts to try to ensure our integrated functionality and ease of use with third parties meets client demands
• Oversee strategy execution with respect to the product team's technology development and delivery processes
• Independently manage the development, enhancement, and profitability of assigned products and performs both operational and marketing analysis to ensure profitability and penetration goals are met.
• Engage with stakeholders across Operations, Technology, Risk, Compliance, Legal, etc. to ensure different requirements are met during the new product development, enhancement, delivery, strategy, and planning processes
• Lead a wide array of activities associated with project planning and management to ensure that projects are completed on time, within budget and to internal client specifications. May allocate/coordinate work within projects
• Develop, implement and manage product pricing
• Respond to internal and external clients' products and services inquiries
• Ensure that risk, regulations, and market conditions are accounted for throughout the life-cycle of developed products.
• Understand the implications of product development to Pershing's policies and operational procedures and influences appropriate change with other various teams supporting the solutions

Qualifications

• Bachelor's degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred.
• 7-10 years of total work experience preferred. Experience in Product Management, operations, client management preferred.
• Strategic thinker with problem-solving aptitude able to work in a consultative manner with clients to deliver beyond expectations
• Comfort with ambiguity
• High attention to detail
• Excellent verbal and written communication skills.
• Excellent interpersonal and networking skills with a variety of personalities and positions

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $63,000 and $108,000 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 BNYM 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.

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.