Sr. Specialist, Network Management

Job Description

The Global Network Management team manages BNY Mellon’s network of subcustodian relationships across more than 100 markets, delivering market insights to clients, selecting and appointing new relationships, monitoring regulatory compliance of the existing network and advocating with market players for international best practices and market changes. Amongst its major duties, the Senior Network Manager:


Provides on-going support and evaluation of existing custody network, including the considerations of Legal/Compliance/Risk Management/Operations. Leads recommendations on the selection process and subsequent management of the appointed custodian/broker to ensure all areas are evaluated and appropriately approved. Manages and negotiates relationships within the network of custodians. Provides support on negotiations of service levels, contracts and commercial terms with custodians. Supports the on-going monitoring throughout the year of the custodians' operations, local market activity, financial strength, regulatory compliance and overall service performance. Co-ordinates annual due-diligence review to include, when appropriate, on-site visits. Gains a full understanding of the local market infrastructure, regulations and practices, monitoring major and complex regulatory changes and operational developments, to advise clients and internal stakeholders on the relevant impact. Acts as a resource to Global Network Management teams working to align corporate and functional business plans. Provides clients and internal risk management teams with subject matter expertise regarding security services. Acts as a high-level resource and escalation point/problem-solver on operational and more general network management/relationship issues and advocacy initiatives.Leads Network Management team resolving the most complex issues regarding the selection and management of custodian banks and subcustodian banks. Leads teams in market intelligence gathering, ensures best practices are followed during due diligence process, and coordinates with Global Network Management teams to promote the alignment of corporate and function business plans. Leads team members in resolving complex operational and technical issues regarding custodian banks. Ensures that proper policies, procedures, and best practices are followed during the due diligence, selection, and monitoring process.  Develops and ensures adherence to best practices during the custodian and sub-custodian bank selection process. Ensures that all regulatory and compliance requirements are met and proper fail-safes are in place to identify issues that might arise. Oversees the process of reporting market intelligence to clients. Resolves the most complex or non-routine issues that arise from custodian banks and sub-custodian banks. Uses in-depth knowledge of regulatory and compliance requirements to ensure adequate controls are in place at custody banks and provides custody banks and sub-custody banks with guidance in order to prevent potential issues from arising. De-facto expert for the business regarding security services. Provides input to custody banks and sub-custody banks along with BNYM teams developing security products.


Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 7-12 years of total work experience preferred. Banking industry experience in risk, compliance, and client engagement 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:

Client Service Delivery (CSD) brings together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. CSD helps clients to conduct business, service assets, and engage in transactions in 35 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - CSD is working to make BNY Mellon the recognized industry service quality and productivity leader. Client Service Delivery manages investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.

Primary Location: United States-New York-New York
Internal Jobcode: 70557
Job: Operations
Organization: Network Management-HR08805
Requisition Number: 1918599