Principal, Product Management

Overview

Who we are:

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. We power individuals and institutions to succeed in the global economy providing investment management, investment services and wealth management. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity

With a dedicated business presence on six continents and in 35 countries, BNY Mellon delivers global scale at the local level.

Our organizational culture stands on solid values - Integrity, Strength in Diversity, Passion for Excellence and Courage to Lead. Our guiding principles drive us to always do what's right, helping everyone feel included on the way, to take the risks necessary to lead and get things done.

Principle, Product Management

• Leads product management, development and strategy for significantly large and/or complex products as part of the Global Investor Solutions Strategy with particular focus on EMEA and APAC Transfer Agency.
• 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.
• Ensures that risk, regulations, and market conditions are accounted for throughout the life cycle of developed products
• 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.
• Performs technical training, demonstration and develops user guides for clients while also preparing sales materials and training BNY Mellon professionals.
• 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).
• Engage at an industry level to maintain understanding of competitor services/offerings and industry trends
• Represent EMEA and APAC Transfer Agency Product on large regulatory change programmes with particular focus on Anti Money Laundering (AML)/ Know your Customer (KYC) regulations, ensuring impact to Transfer Agency and its clients are fully understood. Initiate engagement with industry, BNYM TA clients and key stakeholders ahead of implementation to ensure optimal model is developed.
• Bachelors 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.
• Experience in regulations impacting EMEA Transfer Agency with particular focus on AML required
• Internet software: familiarity with web technology and research using web tools. Project Management software; some familiarity with Microsoft Project preferred Spreadsheet software; Excel experience required. Word Processing software; Word experience required. PowerPoint, presentation software.

Our offer

We provide clearly defined, transparent development pathways to help you grow both personally and professionally. The benefits we offer to you were carefully selected to build your comfort of working and help you reach your personal goals:

• Full time contract of employment
• Module of work: Hybrid
• Life and medical insurance, pension scheme
• Diverse and inclusive environment strengthened with your unique perspective
• Award-winning Wellbeing Program supporting you with your individual health and wellbeing needs
• Structured career development and possibilities for and global mobility
• Exciting opportunities for career and global mobility
• Well-defined recognition programs helping you build your personal brand
• City Centre locations close to main railway station and flexible working arrangements
• Flexible benefits package including fitness discounts and cafeteria system
• Employee Referral Program
• A multitude of opportunities to get involved in community and charity projects through Employee Resource Groups (ERGs)

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Employer Description:

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 and 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.