Director, Product Management (Business Development Corporation)
BNY Mellon
- New York City, NY
- Permanent
- Full-time
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.We’re seeking a future team member for the role of Director, Product Development - Retail Alternative Funds (BDCs) to join our Alternatives Product Team within Asset Servicing. This role is located in New York City, NY – Hybrid work schedule.Alternatives is a Product within Asset Servicing that helps clients across hedge funds, private equity, credit and real estate grow and optimize their businesses for success. The primary product set is focused on investor servicing, accounting, custody and administration. Increasingly the Alternatives business is helping clients that are launching funds as Business Development Companies (BDC) and other fund structures to attract more retail investors. We are looking to expand our team by adding a Product Manager specially focused on BDCs.In this role, you’ll make an impact in the following ways:Business
- Own the vision, execution, measurement, and outcomes for our product set across Fund Administration for Retail Alternatives, including BDCs (Business Development Corporation),
- Oversees strategy design behind product development and delivery for Fund Administration
- Define the product vision based on wide ranging inputs from clients, markets and desired commercial outcomes as it relates to the investor experience
- Consider the required operating model and path to implementation to realize the product roadmap
- Own business outcomes, with clear articulation of the business value and impact
- Engage directly with clients to understand expectations
- Ensures strategies align with departmental priorities and annual plan.
- Express outcomes and priorities on a product roadmap that articulates progress of the product over time
- Expect to use data to make, justify and measure investment decisions
- Think horizontally across the entire Alternatives client base to find commonality with clients in private and liquid markets
- Have a mindset of business ownership and end to end execution collaborating closely with Operations and Technology
- Evaluate the product at each sprint to ensure client and firm commitments are met in terms of quality, controls and ability to scale
- Assess and keep pace with market trends and competitors
- Bring enthusiasm, drive and energy to the product development process
- Expect to work in a rapid, high paced environment with ambiguity and uncertainty
- Leverages strong market knowledge to integrate the demands of various regions and stay ahead of competitors. Is directly responsible for team's performance and profitability.
- Interacts directly with key leaders across the business and external customers to negotiate and market BNY Mellon's offerings. Seen as a firm expert on multiple products and product portfolios that are of strategic importance to the firm.
- Takes an active role in the development and coaching of team members
- Provides guidance to less experienced colleagues as needed. Leads others on project teams and assists management to operationalize functional or business objectives.
- Contributes to the achievement of functional objectives.
- Bachelor’s degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred.
- 10+ years of total work experience preferred.
- Experience in Business Development Companies, in an operations, product, technology or related role is required.
- Experience in Tender Offer, Interval or Retail Alternative is strongly preferred.
- Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
- Bloomberg’s Gender Equality Index (GEI)
- Human Rights Campaign Foundation, 100% score Corporate Equality Index
- CDP’s Climate Change ‘A List’