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BNY

Safeguards and moves assets for investors

Product Designer - Design Accelerator

Full-Time
$130k - $267k/yr
Expert
Pittsburgh, PA, USA
In Person
Product & Experience DesignProduct Design

About the job

Requirements
  • A portfolio is required and must demonstrate strong product and interaction design, systems thinking, and experience moving work from discovery through execution in complex or ambiguous environments.
  • The portfolio must clearly communicate the candidate’s process, individual contributions, cross-functional collaboration, and outcomes.
  • At least 12 years of experience designing digital products, including experience with complex, enterprise, or regulated systems.
  • Ability to learn new domains quickly, navigate ambiguity, collaborate effectively, and translate complex needs into clear, actionable design solutions.
Responsibilities
  • Quickly develop an understanding of unfamiliar domains, business processes, and user needs; ask thoughtful questions, synthesize complex information, and adapt methods and outputs to help teams identify the right problems and opportunities.
  • Explore and apply artificial intelligence thoughtfully across research synthesis, problem framing, concept development, prototyping, and iteration while maintaining human judgment and focus on user needs.
  • Use research, data, and stakeholder insights to understand complex experiences and create end-to-end journey maps and related artifacts spanning users, teams, systems, and operational processes.
  • Use experience artifacts to identify friction and opportunities, align stakeholders, and translate complexity into coherent experiences balancing user needs, business priorities, and technical feasibility.
  • Design sophisticated digital interfaces and workflows, including clear interaction models, information architecture, and navigation patterns.
  • Translate concepts into high-quality designs and prototypes that can be tested, refined, and implemented.
  • Apply the organization’s design system to promote consistency, accessibility, and reuse; recognize when existing patterns can be leveraged or new patterns are needed, and collaborate with design system partners as appropriate.
  • Partner with product, business, engineering, research, and design stakeholders.
  • Facilitate productive conversations, communicate insights and design rationale clearly, and use visual storytelling to align teams around user needs, priorities, trade-offs, and feasible solutions.
  • Operate independently while collaborating closely with the broader team.
  • Proactively identify risks, dependencies, and decisions, and create clear, actionable outputs that enable product and engineering teams to carry the work forward after an Accelerator engagement concludes.
  • Collaborate with designers and researchers across the engagement lifecycle, from initial problem framing and research through concept development, prototyping, testing, and delivery.

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.