BNY

BNY

Global custodian, asset servicing, wealth management

Software Developer Intern - Engineering

Summer 2027
$25 - $52.88/hr
Internship
Bachelor's
New York, NY, USA
In Person

The 10-week program includes an in-person immersive induction experience.

No H1B Sponsorship

About the job

Requirements
  • Enrollment in a four-year undergraduate degree program.
  • Graduation in December 2027 or May 2028 in the United States.
  • A minimum cumulative GPA of 3.0.
  • The candidate must not require sponsorship for employment visa status, now or in the future, in the country where they are applying.
Responsibilities
  • Contribute across the end-to-end software development lifecycle by translating client and business needs into technical designs; building and enhancing features, application programming interfaces, automation, developer tools, and platform capabilities; and supporting testing, release, monitoring, and continuous improvement.
  • Use enterprise-approved artificial intelligence coding tools to accelerate development, testing, debugging, and documentation while validating outputs and protecting information.
  • Apply source control, code review, reusable frameworks, automated testing, and continuous integration and continuous delivery practices.
  • Collaborate with engineers, architects, and product partners to solve problems and deliver secure, reliable solutions.
  • Contribute to applications and features that support business and engineering needs.
  • Identify issues, test solutions, and support implementation to improve software quality.
  • Support teams in delivering reliable and effective technology solutions through strong development practices.
Desired Qualifications
  • A strong focus on business-related and/or technology-related majors.

About the company

BNY Mellon provides global financial services that help asset owners, investment managers, banks, insurers, corporations and individuals move, safekeep, and manage assets across markets. Its offerings—custody, fund and investor servicing, payments, clearing, collateral and liquidity management, asset and wealth management, credit and lending, digital assets, and analytics—are delivered through a mix of transaction, servicing, investment-management and advisory services, supported by technology. It differentiates itself through its global scale and breadth of custody and asset-servicing capabilities, established market and wealth services, and its integration of digital assets, data analytics, and AI with traditional finance. Its goal is to provide secure, efficient, and trusted asset movement and management worldwide by leveraging technology to improve operations and client service.

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

  • Q1 2026 revenue rose 13% to $5.4 billion, with pretax margin reaching 37%.
  • Q2 2026 revenue reached $5.7 billion, and BNY raised full-year 2026 growth guidance.
  • The Treasury selected BNY for Trump accounts, adding a new government platform by 2026.

What critics are saying

  • Fee pressure from fintechs and smaller custodians can compress BNY's servicing margins by 2027.
  • Headcount fell 7% year over year, signaling continuing restructuring and execution strain into 2026.
  • A digital-asset custody misstep or anti-money-laundering failure would damage trust and trigger existential franchise loss.

What makes BNY unique

  • BNY controls $62.6 trillion AUC, making custody and servicing its deepest moat.
  • Eliza 2.0 and 218 AI solutions embed automation across BNY's 47,000-person workforce.
  • June 29, 2026 Circle partnership made BNY the first institutional USDC custody and minting bridge.

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Benefits

Health Insurance

Paid Vacation

Flexible Work Hours

Remote Work Options

Unlimited Paid Time Off

Company News

Wealth Management
Sep 10th, 2026
Luminary raises $22M to scale AI wealth transfer platform supporting $500B in assets

Luminary, an AI-native wealth transfer and administration platform, has raised $22 million in Series A funding led by Ten Coves Capital. The round included participation from BNY and 8VC, bringing total funding to nearly $32 million since launching in 2021. The platform ingests estate documents and converts them into structured data that powers workflows for financial advisors, trust companies, law firms and accounting firms. This helps them scale guidance on tax-efficient wealth transfer strategy and trust administration. Luminary currently supports client assets totalling more than $500 billion. Customers include Caprock, IEQ Capital and Wealth Enhancement Group. The funding will be used to expand AI capabilities, integrations and administrative workflows, whilst growing the sales and business development teams.

Yahoo Finance
Sep 6th, 2026
BNY Mellon's $62.6T custody business drives 70% of revenue through steady fee-based model

BNY Mellon, the world's largest custody bank, oversees $62.6 trillion in client assets, primarily from pension funds, mutual funds, and other institutional investors. The bank generated $5.7 billion in revenue in the second quarter, up 13% year over year, with 70% derived from asset custody and servicing fees. Custody banks hold and service assets for large institutional customers, operating with a fee-based business model that generates reliable earnings across market cycles. BNY Mellon's fees increase as asset levels rise through appreciation or net inflows. The bank also earns revenue from investment management and interest income from sweep accounts, where idle client cash is invested in high-yielding instruments. As one of a handful of major custody banks, BNY Mellon benefits from a competitive moat and has been the best-performing bank stock over the past five years.

American Market News
Sep 6th, 2026
Bank of New York Mellon Corp Makes New $4.22 Million Investment in The Pennant Group, Inc. $PNTG

Bank of New York Mellon Corp acquired a new stake in The Pennant Group, Inc. (NASDAQ:PNTG – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 114,332 shares of the company’s stock, valued at approximately $4,225,000. Other hedge funds also recently made changes to their positions in the company. Caitong International […]

American Market News
Sep 6th, 2026
Bank of New York Mellon Corp Makes New Investment in Liberty Media Corporation – Liberty Formula One Series A $FWONA

Bank of New York Mellon Corp acquired a new stake in shares of Liberty Media Corporation – Liberty Formula One Series A (NASDAQ:FWONA – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 46,067 shares of the company’s stock, valued at approximately $4,033,000. […]

American Market News
Sep 6th, 2026
Bank of New York Mellon Corp Makes New $4.37 Million Investment in Lightwave Logic Inc. $LWLG

Bank of New York Mellon Corp acquired a new position in shares of Lightwave Logic Inc. (NASDAQ:LWLG – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 461,945 shares of the company’s stock, valued at approximately $4,370,000. Other large investors have also recently […]