BNY Mellon Careers
Principal, Product Management
Product Management - IC5 • Leads Product Management, Development and Strategy for large and/or complex products and a dedicated “product capability” area for the Collateral & Financing Business. Within the Agile Development Framework, the Senior Product Specialists acts as the primary agile owner of the product, empowered to make all product decisions. Usually assigned to product areas with high-growth potential or that represent a niche/specialty offering and has fully developed core expertise on industry trends, market segments and competitor services/offerings. Analyzes complex client requirements and develops solutions that may include more than one product. Must understand the economics behind products and demonstrate business acumen. Responsible for crafting the strategies behind product development and delivery. Must have market knowledge to integrate the demands of various regions and stay ahead of competitors. Is directly responsible for product profitability across a range of large, complex, global products. Ensures Operations, Technology, Risk, Compliance, Legal, etc. team concerns are addressed during the product development, enhancement, delivery, strategy, and planning processes. Employs a client-focused, strategic approach to develop the business case for firm offerings in the marketplace through in-depth and complex analyses on client segments, competitive landscape and industry environment. Demonstrates in-depth and comprehensive knowledge of assigned products, the marketplace and client needs to drive product growth/development and maximize profitability. Seen as a firm expert on a key product or product portfolio of strategic importance to the firm. Creates product management roadmaps and establishes evaluation criteria and success metrics. Oversees pricing, promotion, distribution strategies and competitive differentiators. Positions products for specific client segments, highlighting key benefits and competitive advantages. Works with sales and relationship management teams to support sales efforts and close on deals as needed. May also be responsible for revenue goals, profitability, and pricing for assigned products along with capital and operating budgets. Guides junior product managers and directs and works with operations and systems managers during product implementation to ensure operating plan goals are met. No direct reports. Provides guidance to less experienced colleagues as needed. Contributes to the achievement of area objectives and profitability of assigned product(s). Experience as a Product Owner for a software development team using rigorous Scrum structure and experience in the derivatives, collateral or securities finance industry preferred.
QualificationsBachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 10-12 years of total work experience preferred. Experience in Product Management, operations, client management preferred. MBA or CFA preferred. Product Leadership Certification preferred. Applicable local/regional licenses or certifications as required by the business.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
Broker-Dealer and Advisor Services helps clients unlock value from their securities holdings by developing the innovative technologies, solutions and client services that make a difference in an evolving marketplace. We are focused on helping our clients around the world take advantage of the unique perspective that comes from clearing and settling equity and fixed income transactions in more than 100 markets, and managing more than $2 trillion in global collateral (including tri-party repo collateral). By enhancing clients' understanding of market opportunities, we help them achieve investment success. Our operations are backed by the power of BNY Mellon, whose global footprint and deep expertise deliver insight-driven solutions for every phase of investing. Our clients look to us for our global reach, nuanced understanding and operational excellence as we deliver securities clearance to financial institutions and corporations worldwide.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 70236
Job: General Mgmt / Admin
Requisition Number: 1814521