B

BNY

Safeguards and moves assets for investors

Vice President - POM Product Management

Full-Time
No salary listed
Expert
Manchester, UK
In Person
ProductProduct Management

About the job

Requirements
  • Extensive experience in custody operations, operating model design, or large-scale transformation within financial services.
  • Deep understanding of global custody processes, including asset servicing, settlements, cash management, and client reporting.
  • A proven track record in designing and implementing target operating models across complex, multi-region organizations.
  • Strong knowledge of risk, control, and regulatory frameworks impacting custody services.
  • Experience working in Agile or hybrid delivery models, with the ability to drive outcomes across cross-functional pods.
  • Excellent stakeholder management and influencing skills, with the ability to align senior leaders across operations, technology, and product.
  • Strong analytical and strategic thinking capabilities, with the ability to translate complex operational challenges into scalable solutions.
Responsibilities
  • Leverage artificial intelligence to modernize Corporate Actions processing, including process architecture, service boundaries, control frameworks, and governance structures.
  • Establish clear ownership models, roles, and accountability across operations, technology, and product teams.
  • Standardize Corporate Action processes while incorporating regional regulatory, market, and client nuances.
  • Embed governance routines to ensure adherence to strategic target operating models, including performance management, risk oversight, and continuous improvement mechanisms.
  • Design end-to-end Corporate Action capabilities and services covering the full life cycle.
  • Integrate workflows into strategic platforms, including Staff Workstation and related tooling, ensuring alignment with service-level agreement frameworks and operational priorities.
  • Identify inefficiencies, duplication, and control gaps, and drive process re-engineering initiatives to improve scalability and resilience.
  • Leverage automation and data-driven decision-making to enhance straight-through processing and reduce manual intervention.
  • Define transition roadmaps from the current state to the target state, including milestones, dependencies, and risk mitigation strategies.
  • Ensure alignment with regulatory change, market evolution, and client requirements.
  • Oversee implementation of new processes and tools while minimizing disruption to business-as-usual operations.
  • Define data ownership, lineage, and quality standards within Corporate Actions modernization.
  • Identify opportunities to leverage data in artificial intelligence solutions to provide automation and real-time insights into process health, risk exposure, and service quality.
  • Embed robust risk and control mechanisms across all processes to ensure compliance with internal policies and external regulations.
  • Partner with risk, compliance, and audit teams to ensure transparency and auditability of operational processes.
  • Act as the central point of coordination across custody operations, product, and technology leadership.
  • Drive alignment on priorities, design decisions, and implementation strategies across global teams.
  • Provide leadership and direction to cross-functional pods and working groups delivering operating model initiatives.
  • Foster a culture of accountability, standardization, and continuous improvement across the custody organization.

About the company

BNY safeguards financial assets and runs investment services for institutions, investment firms and wealthy clients around the world. Its custody business keeps clients' securities safe and handles the records and transactions needed to administer investment funds. Banks and brokers use its systems to settle trades, manage collateral and send payments, while its investment and wealth businesses manage portfolios and advise clients. It earns servicing and management fees as well as interest on loans and securities funded by client deposits. BNY traces its roots to the Bank of New York, founded by Alexander Hamilton in 1784, and is headquartered in New York City.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1784

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Simplify's Take

What believers are saying

  • BNY's growth funds expansion: July 2026 results showed quarterly revenue rising 13% to $5.7 billion.
  • BNY is opening payment channels: September 2026 Pay-to-Wallet connected banks to retail wallets, with Kookmin among initial users.
  • Analysts build transferable skills: BNY's 24-month program combines rotations, mentoring and AI learning pathways.

What critics are saying

  • Staff stability has weakened: February 2026 reporting shows BNY headcount fell 7% in 2025.
  • Investment demand weakened: BNY reported $17 billion of net outflows in the quarter ending March 2026.
  • Investment fees face pressure: BNY reports demand shifting toward lower-fee asset-management products and performance-based charges.

What makes BNY unique

  • BNY anchors institutional finance: its custody and administration footprint reached $62.6 trillion in June 2026.
  • BNY occupies critical government-market plumbing: it is the primary provider of U.S. government securities clearance.
  • BNY reaches brokerage customers through Pershing: its clearing platform supports 8.6 million global client accounts.

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Benefits

  • Health Insurance
  • Paid Vacation
  • Flexible Work Hours
  • Remote Work Options
  • Unlimited Paid Time Off

Company News

Roundup Web
Oct 19th, 2026
BNY prices $1.25B preferred stock offering with 7.125% initial dividend rate

The Bank of New York Mellon Corporation (BNY) has priced a public offering of 1,250,000 depositary shares at $1,000 each, raising $1.25 billion. Each share represents a 1/100th interest in its Series O Noncumulative Perpetual Preferred Stock. Dividends will accrue at 7.125% a year until December 20, 2031. After that, the rate will reset to the five-year treasury rate plus 2.192%. BNY may redeem the stock from December 20, 2031, at $1,000 per depositary share plus any declared and unpaid dividends. It plans to use the proceeds for general corporate purposes. Barclays, BofA Securities, Deutsche Bank Securities, Goldman Sachs, Morgan Stanley and BNY Mellon Capital Markets are joint book-running managers. The offering is expected to close on October 28, 2026.

Yahoo Finance
Oct 15th, 2026
BNY embeds AI everywhere but won't say how much it spends of its $4B tech budget

BNY, which says it is embedding artificial intelligence (AI) across its business, declined to say how much it spends on the technology. Chief executive officer Robin Vince told analysts on its third-quarter earnings call that the bank is not breaking out the figure, and that doing so could be "counterproductive." Vince said AI is generating returns. About $4 billion of BNY's $13 billion annual expense base goes to technology. The bank now has "400-plus" AI solutions in production, up from 117 a year ago. BNY reported revenue of $5.7 billion, up 12%, and net income of $1.7 billion, up 16%. Earnings per share were $2.34, against a consensus estimate of $2.27. It raised its 2026 revenue growth outlook to 12%-13%.

Yahoo Finance
Oct 15th, 2026
BNY beats Q3 estimates with $5.68B revenue, up 12%, but shares slip 1.6% pre-market

BNY beat third-quarter estimates, though its shares slipped 1.58% in pre-market trading on Thursday. The Bank of New York Mellon Corporation reported adjusted earnings per share of $2.37, against the analyst consensus of $2.26. Revenue rose 12% to $5.68 billion from $5.08 billion a year earlier, beating estimates of $5.55 billion. Fee revenue rose 12% to $4.08 billion, and net interest income climbed 15% to $1.42 billion. Noninterest expense increased 8% to $3.49 billion. Pre-tax margin was 39%. Assets under custody and administration rose 10% to $63.4 trillion. Assets under management grew 2% to $2.2 trillion. BNY returned $1.4 billion to shareholders through $436 million in dividends and $937 million in share repurchases.

Yahoo Finance
Oct 14th, 2026
BNY Q3 earnings preview: 9.6% revenue growth expected after $5.70B beat

BNY will report third-quarter earnings on Thursday before market open. Analysts expect revenue to grow 9.6% year on year, compared with a 9.1% rise in the same quarter last year. Last quarter, the company beat revenue expectations with $5.70 billion, up 13.3% year on year. It also beat analysts' earnings per share estimates, and has a history of topping Wall Street forecasts. Among peers, Goldman Sachs reported 23% revenue growth, beating estimates by 11.5%. Jefferies posted 8.5% growth, topping estimates by 1.1%, and its shares fell 1.3%. BNY shares are down 10.7% over the last month, against a 5.5% average fall for capital markets stocks. The average analyst price target is $163.47, versus a share price of $140.78.

Digital Asset
Oct 4th, 2026
Digital Asset Announces Strategic Investments from BNY, iCapital, Nasdaq, and S&P Global

Digital Asset, the creator of the Canton Network and a leader in privacy-enabled blockchain technology for global financial markets, today announced a new strategic investment from BNY, iCapital, Nasdaq, and S&P Global