Newton Technology US Regional Lead

BNY Mellon
Boston, USA
16 Jan 2023
31 Jan 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Company Overview:

The Newton Investment Management Group describes a group of affiliated companies that provide investment advisory services under the brand name 'Newton' or 'Newton Investment Management'. Those companies are Newton Investment Management Ltd, registered in the UK, and Newton Investment Management North America LLC, registered in the US, and both are indirect subsidiaries of The Bank of New York Mellon Corporation ('BNY Mellon').
We focus on delivering outcomes for our clients across:
  • Equity opportunities - including small and mid cap, regional and thematic capabilities
  • Income - equity, fixed income and multi-asset
  • Absolute return - fixed income and multi-asset
  • Multi-asset solutions
  • Thematic and sustainable strategies

These capabilities are driven by our global investment platform which harnesses both fundamental and quantitative research, alongside a thematic framework and, where appropriate and as applicable, environmental, social and governance (ESG) analysis.

With offices in London, New York, Boston and San Francisco, Newton manages £103 billion of assets (as at 30 Sept 2021). Newton provides discretionary and non-discretionary investment advice to institutional clients, including US and global pension funds, sovereign wealth funds, central banks, endowments, foundations, insurance companies, registered mutual funds, other pooled investment vehicles and other institutions, and, via BNY Mellon, to individuals.

Newton is one of the BNY Mellon Investment Management (BNYM) family of eight boutique investment firms. BNYM IM is the global investment management arm of BNY Mellon, one of the world's major financial services groups with operations in 35 countries. BNYM IM's goal is to build and manage investment strategies that address the ever-changing needs of its clients, through a model that offers the best of both worlds: specialist expertise through eight forward-thinking investment firms, offering solutions across every major asset class, backed by the strength, scale and proven financial stewardship of BNY Mellon. The 7th largest asset manager worldwide, with $2.2 trillion AUM (as of 31 March 2021) BNYM IM provides a robust corporate foundation, together with worldwide resources and administrative support, while its investment boutiques are free to concentrate on what they do best - delivering specialist and focused investment performance to clients. This structure encourages an entrepreneurial, focused approach to investment and creates an environment in which each firm can perform and build on its individual experience and strengths in the development of new products.

Job Purpose

Newton is merging a large US based investment group onto its core technology platform which is currently supported through a team that is primarily located in the UK and India.

This newly created position will help establish Newton's US technology presence and provide local oversight of all aspects of technology service delivery and change activities. Joining the existing technology leadership team based in the UK and India. Reporting into the UK based Chief Technology Officer with dotted line reporting into Newton's Head of North America based in Boston.

Key Responsibilities

  • Direct reporting line into Newton's CTO with dotted line into Head of Newton North America
  • Membership of Newton Technology Leadership Team, providing input into the strategic direction of the department
  • Establish position as regional ambassador for Newton Technology and key point of contact for local Exec members and Senior Leaders
  • Regional oversight of the flex working model, monitoring staff adherence and suggestions for improvement
  • Establish a culture, community and team identity for Newton Technology in North America aiming to increase staff engagement and retention
  • Contribute to department budget planning and financial forecasting processes

  • Input to department resourcing and structural strategy
  • Play a key role in building out of the US team required to support the business once the US assets merge onto the core Newton technology platform
  • Provide regional market knowledge of job/salary trends
  • Work with HR to understand and communicate details of local staff HR policies, benefits and employment laws to local staff and their managers
  • Engage locally with HR over matrix staffing issues working with the direct manager
  • Assist hiring managers with the recruitment process for all staff in region

Performance, Wellbeing & Culture:
  • Provide feedback on regional staff performance to direct line manager
  • Foster a sense of regional community, cultivating awareness of Newton values and business model
  • Act as a culture ambassador to convey the existing Newton UK and India Technology culture to the Team in the US
  • Act as a role model and contributor to Newton and BNYM DE&I initiatives helping encourage participation from the local team
  • Be a key knowledge holder on development opportunities available to staff in region

Technical Delivery:
  • Provide regional assistance with the project to move the US business onto the core Newton technology platform
  • Until the US business moves onto the core Newton platform, play a lead role in ensuring that the legacy US technology platform is adequately supported by its current support team
  • Help oversee the US Lights on Regulatory Project ensuring Newton meets local regulatory requirements
  • Be aware of Newton Technology portfolio of projects with active participation in projects with regional impact

Production Environment Stability:
  • Oversee regional comms about production issues and key technology changes
  • Act as a point person for business escalation outside of core UK working hours
  • Act as a point of escalation for all regional desktop support issues
  • Ensure that regional Disaster Recovery standards and Service Level Agreements are appropriate and followed

  • Develop an appropriate network with the BNYM technology staff in region
  • Be a key figure in development of our relationship with Asset Management Technology and other key BNYM shared technology groups
  • Provide local technology point of contact for Newton North America's outsourced trading and operations partners
  • Where appropriate, provide Newton technology leadership representation at BNYM forums

Experience and qualifications required:
  • Experience of leading technology teams
  • Background in Investment Management or other relevant Financial Services
  • Exposure to technology strategy decision making, finance,
  • History of working with technology support and change functions
  • Experience of working with matrix organizations and distributed teams
  • Empathetic leader with passion for diversity and creating high performing teams
  • Strong communicator with ability to explain technology in business-friendly terms

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:

EEO Statement:

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.
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