Asset servicing by sector
Regulatory Product ManagerRecruiter: BNY Mellon
Asset Servicing Global Product Management (GPM) provides leadership in product strategy and development to support the strategic objectives of the Asset Servicing business line. The products covered are the full suite of global Asset Servicing products, including but not limited to: Custody, Investment Accounting, Global Risk Solutions, Fund Accounting, Transfer Agency, Trustee / Depotbank / Depositary, Derivatives 360, Middle Office and Marketing Support Services.
Within GPM, the team is responsible for conducting research into the impact of regulations on our clients, products and services and formulating plans on how to maintain and develop our business franchise through regulatory change. To achieve this team needs to monitor a broad range of markets and regulatory developments, conduct research into material regulatory change and engage with the business, CTS and CSD in assessing the impact and formulating plans to address the impacts to our products. These plans need to quantified, business cases, qualified, definition of changes across products and clients and prioritized, incorporated into the annual planning process to align our efforts with the regulatory deadlines. Through this work we produce a significant volume of collateral than can support internal communications and education, client engagement, media engagement and sharing of information across stakeholders and lines of business. The costs of implementing regulatory change are now significant and we need to ensure we maintain our margins as we implement changes. There are also new business opportunities and so we should look to development these were appropriate to help drive profitable growth.
The incumbent will report to Paul North, Head of Product Management in EMEA and will have two resources working with them focused on regulatory work. They will be responsible for leading our regulatory campaign with GPM in support of the Asset Servicing business. Key to this will be developing our current practices and methods around this work, ensuring the collaboration of participants and stakeholders and working closely with the marketing team.
The Incumbent will need to demonstrate sound analytic skills, strong financial acumen, excellent communication skills and the ability to produce quality work in a collaborative environment. They must also be able to demonstrate our core corporate values of integrity, teamwork and excellence.
Bachelor's degree required; 5 to 8 years of quantitative and qualitative analysis experience in a financial services firm required. Must possess strong organizational and interpersonal skills. Must be a proficient user of Microsoft tools, including MS Access and be a proficient business writer.
Plan and manage global regulatory readiness campaign
Monitor and manage cost recovery programme
Regulatory research and management of regulatory collateral
Internal training and communications
Support and collateral for client and media engagement
Annual planning and funding for regulatory projects
Coordination with other LoBs and marketing
Ability to define problems, collect data, draw valid conclusions and implement solutions
Business analysis related skills and techniques including methodologies, standards and best practice.
Demonstrable evidence of analysing and documenting business processes.
Experience in implementing workflow.
Experience of providing training of a technical nature in written and verbal form
Proven experience interacting directly with, and supporting, end users
Experience of using Microsoft Office products, in particular manipulating Excel and Visio
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: bnymellon.com/careers.
BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
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