B

BNY

Safeguards and moves assets for investors

Director of Accounting

Full-Time
$130k - $211k/yr
Expert
Bachelor's, MBA
Pittsburgh, PA, USA
HybridHybrid role based in Pittsburgh; some on-site days required.
AccountingFinancial Accounting

About the job

Requirements
  • Bachelor's degree or equivalent combination of education and work experience required.
Responsibilities
  • Leads the end to end accounting and reporting activities of multiple large, high-visibility /risk, and/or complex legal entities conducting technical review and sign-off before transforming data into information for reporting purposes.
  • Directs the completion of numerous activities from start to close, including consolidations and financial reporting of business outcomes to deliver useable, accurate and timely financial information and recommendations for the desired period (monthly, quarterly or annually).
  • Performs the most complex research and analyses to provide senior management with analytical/technical support and advice related to financial performance, and critical financial accounting issues.
  • Serves as a key advisor to functional and/or business leaders, frequently delivers presentations, information and/or recommendations to senior management, regulators and the internal board of directors.
  • Provides leadership, direction and functional guidance to more junior analysts to ensure the delivery of performance metrics within assigned processes, geographies, lines of business, or legal entities.
  • Completes advanced accounting activities, including highly complex general ledger events and transactions, continuously improving exceptions identification and analysis activities, facing off with internal/external auditors and SOX, maintaining the control environment, fulfilling ad hoc requests in accordance with global, regional and country-specific process standards and identifying opportunities for process improvements.
  • Uses professional judgement and considerable experience to deliver recommendations for use in accounting and financial reporting to senior management and the internal board of directors.
  • Works closely with the regional or global leaders to review and vet any new proposed process enhancement documentation and training content.
  • Provides statutory and regulatory guidance and support as requested for special projects and continuous improvement work efforts.
  • Has in-depth expertise in the accounting functions of a business, legal entity or geography and serves as a key advisor to functional and/or business leaders.
  • Activities include designing and leading the implementation of new or revised reporting, accounting and accounting process policies, procedures and reports which provide effective financial planning, accounting and reporting of financial information, and authorizing the recording of accounting entries to financial systems.
  • Applies a depth of knowledge from the completion of multiple assignments across lines of business, legal entities and geographies to manage the interaction of legal entity, regulatory and cross-country requirements.
  • Anticipates and plans for existing and emerging risks, identifying and developing recommendations and working with senior management to address/implement solutions.
  • Provides leadership and technical guidance on risk identification to other analysts.
  • Is adept at translating technical information to non-technical audiences, advising the internal board of directors, lines of business and regulators to ensure their questions are answered and needs are met.
Desired Qualifications
  • MBA or CPA/CA/local area equivalent certification preferred.
  • Accounting concentration preferred.
  • Knowledge of GAAP and accounting and finance concepts and analysis techniques preferred.
  • 12-15 years of total work experience preferred.

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 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

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 […]