About the position
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere. We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about. We are seeking a future team member for the role of Product Manager to join our Global Collateral Platform. This role is in New York, NY – Hybrid. The experienced individual will focus on developing and enhancing products on our Global Collateral Platform focusing on U.S. government securities financing markets. The candidate should understand fixed income financing markets, the role Central Counterparties (CCP’s) play in the market, and the types of collateral products and services that are important in the market. The candidate will play a crucial role in supporting the SEC’s U.S. Treasury Central Clearing rule working with existing and new CCP’s. The individual will collaborate with internal stakeholders as well as CCP’s to develop/build out products to support financing and liquidity markets and the central clearing mandate. This role involves close collaboration with internal teams, CCP’s, regulatory bodies and market participants to ensure our products support the central clearing mandate, and access to the models offered by CCP’s.
Responsibilities
- Lead the development and enhancement of products that facilitate U.S. fixed income financing, related CCP products and services and compliance with the U.S. Treasury Central Clearing Mandate
- Work closely with CCP’s, market participants, regulators, and internal stakeholders to gather requirements, design and launch products, including those that align with clearing requirements
- Oversee the implementation of product initiatives, ensuring timely delivery and achievement of project goals
- Provide expert support and guidance to CCP’s and market participants regarding U.S. governments securities financing markets, the Treasury market and central clearing mandate
Requirements
- Bachelor’s degree in finance, Economics, Business Administration, or related field. Advanced degree preferred
- Minimum 10-12 years of experience in product management, financial services, or related field with experience/expertise in government securities financing/repo markets
- Strong understanding of the U.S. Treasury market, fixed income financing and collateral markets, and foundational knowledge of the SEC’s U.S. Treasury central clearing rule
- Excellent Project Management, analytical and communication skills
- Ability to work effectively with cross-functional teams and external stakeholders
- Ability to lead and provide direction to colleagues within and across PODs
Benefits
- Highly competitive compensation
- Generous paid leaves, including paid volunteer time
- Access to flexible global resources and tools for your life’s journey
- Focus on health, personal resilience, and financial goals
