B

BNY

Safeguards and moves assets for investors

Product Management Senior Vice President

Full-TimeUpdated
No salary listed
Expert
Bachelor's
London, UK
In Person
ProductProduct Management

About the job

Requirements
  • A Bachelor’s degree or equivalent combination of education and experience.
  • Meaningful experience in product management, product ownership, business analysis, or platform delivery.
  • Strong experience owning product backlogs and driving prioritization in agile or iterative delivery environments.
  • Proven ability to define product requirements and translate complex business needs into clear, executable delivery outcomes.
  • Experience managing cross-functional dependencies and coordinating delivery across multiple stakeholder groups.
  • Strong commercial judgment and the ability to assess value, feasibility, risk, and execution trade-offs.
  • Effective stakeholder management skills across business, technology, and control functions.
  • Strong analytical, organizational, and communication skills.
Responsibilities
  • Own and actively manage the product backlog for a defined product area or platform capability, ensuring priorities are aligned to strategic objectives, business value, user needs, and delivery capacity.
  • Set backlog direction and drive prioritization decisions across competing demands, making clear trade-offs to optimize business outcomes and execution focus.
  • Document, define, and refine business and product requirements, translating strategic priorities and stakeholder needs into clear, actionable user stories, acceptance criteria, and delivery artifacts.
  • Work closely with engineering and delivery teams to ensure backlog items are sufficiently defined, sequenced appropriately, and ready for execution.
  • Identify, manage, and help resolve cross-functional dependencies across product, technology, operations, and control functions to enable successful delivery against priorities.
  • Partner with stakeholders across business, engineering, operations, risk, legal, and compliance to align on scope, sequencing, and implementation approach.
  • Contribute to roadmap development and help shape product direction through a strong understanding of platform opportunities, workflow improvement needs, and market developments.
  • Evaluate new features, strategic enhancements, and modernization opportunities through a commercial, strategic, and execution-focused lens.
  • Support the development of business cases and recommendations for prioritization, investment, and product evolution.
  • Use data, user insight, workflow analysis, and operational feedback to improve product outcomes and inform prioritization decisions.
  • Ensure product execution is aligned with governance, risk, legal, compliance, and regulatory expectations.
  • Monitor developments across loans, tokenisation, blockchain, and AI and help translate relevant market and technology trends into actionable platform opportunities.
Desired Qualifications
  • Experience in financial services, with strong preference for loans or adjacent domain expertise.
  • Familiarity with platform transformation, workflow digitization, or product modernization in regulated environments.
  • Exposure to tokenisation, blockchain or distributed ledger technology, and AI use cases in financial services.
  • Understanding of governance, regulatory, legal, and compliance requirements relevant to product delivery.
  • Demonstrated experience owning backlog direction and driving prioritization in a complex platform or product environment.
  • Ability to manage dependencies, align stakeholders, and maintain execution momentum across a cross-functional delivery model.
  • Ability to connect product decisions to commercial outcomes, strategic value, and platform evolution.
  • Strong domain curiosity and practical understanding of innovation themes shaping the future of financial services.
  • Confidence influencing stakeholders, managing trade-offs, and delivering outcomes in a fast-moving environment.

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

Yahoo Finance
Oct 29th, 2026
BNY to custody XRP, but a 0.1% allocation of its $63T would equal $63B, with no commitment made

BNY will offer custody for XRP, the token of payments firm Ripple, as part of a deeper partnership. The deal also covers custody for Ripple's stablecoin, Ripple USD (RLUSD), and tokenized trade finance on the XRP Ledger, with C2FO bringing trade finance to the ledger. BNY holds none of the token itself and has disclosed no XRP revenue or custody balance. It reported $63.4 trillion in assets under custody and administration as of September 30, 2026. A 0.1% shift of that sum into XRP would be $63.4 billion, or 75.7% of XRP's $83.8 billion market value. BNY has made no such commitment. Invoices are more likely to settle in RLUSD than XRP. XRP traded at $1.32 on October 27, 2026.

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.