BNY
Global custodian, asset servicing, wealth management
Application Development Manager - Conventional Trust Platform Engineering
About the job
- An advanced degree in Computer Science or a related discipline, or equivalent work experience.
- At least 12 years of experience in systems analysis and application development, including supervisory, management, and administrative responsibilities.
- Expertise delivering enterprise-scale solutions across heterogeneous software, hardware, tools, and cloud environments.
- Strong skills in modern software development lifecycle practices, DevOps, and quality engineering.
- Hands-on experience with data engineering and analytics, including SQL, data modeling, and data pipelines.
- Familiarity with artificial intelligence and machine learning concepts and their lifecycle, including model development, evaluation, deployment, and monitoring.
- Ability to leverage artificial-intelligence-enabled tools for software development, testing, and operations in accordance with governance and risk standards.
- Manage multiple application development projects across diverse platforms through all phases of the systems development lifecycle.
- Ensure the availability, integrity, and stability of production systems using processes that enable rapid response to issues.
- Collaborate with business partners to define, design, develop, test, implement, and support technology solutions.
- Advocate for change management and encourage innovation and creativity.
- Oversee the development and implementation of multiple application systems.
- Identify and allocate resource requirements.
- Monitor and improve quality and ensure adherence to best-practice development techniques.
- Manage and forecast operating budgets within approved plans.
- Communicate timely and accurate project-related information to relevant stakeholders.
- Experience in the securities or financial services industry.
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
Town of East Hampton, 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
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.
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.
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 […]
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. […]
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 […]