Director, Private Markets Data Product Lead

Overview

Who we are:

BNY Mellon has been a pioneer in the global capital markets for nearly 240 years, providing the world’s leading institutions the tools, capabilities, and services to be distinctive and redefining what it means to be the trusted financial services institution. BNY Mellon is a platform provider through which our clients build their businesses. Our differentiated model allows us to play a critical role as a central orchestrator in the global financial ecosystem.

• In Securities Services, we power and connect our clients to a robust investment ecosystem that supports their business at every stage. A fifth of all global assets flow through our platform, and while we are most known for our more than $40 trillion in assets under custody and administration, we also have more than $40 trillion of assets on our Data & Analytics platform
• In Wealth and Market Infrastructure, we are the backbone of our clients’ capital markets and payments capabilities, playing a core role in collateral management, markets, and treasury services and our Pershing business is the leading wealth technology provider. With $3.6 trillion in average tri-party collateral management balances, $2 trillion of global payments moved daily, and more than $2 trillion in Pershing global client assets, we deliver the critical platforms and services for institutional and corporate ecosystems to operate and thrive
• In Investment and Wealth Management, we are a leading provider delivering expertise from our eight world-class investment firms and providing differentiated capabilities in wealth advice across investments, banking, custody, and wealth and estate planning. With $2.2 trillion in assets under management, we are the 7th largest asset manager globally and 7th largest private bank and trust company.

We bring together these broad solutions and deep expertise to bolster our clients’ success. We are reimagining financial ecosystems and placing data and open platforms at the heart of the transformation. In addition, BNY Mellon is a strategic partner to a variety of financial technology companies globally and a convener of influential industry and market structure forums. Join us as we define the next evolution of financial services and deliver on our mission to power individuals and institutions to succeed across the financial world.

What we do:

BNY Mellon has the pre-eminent capital markets platform, integrating data, technology, and investment solutions – placing the Bank in a leading position to meet the evolving and complex needs of financial institutions. To build on this strong foundation and capture emerging opportunities, the Bank recently launched Growth Ventures. A new business that focuses specifically on identifying, developing, and executing break-out commercial opportunities that are adjacent to BNY Mellon’s strategic priorities, but ‘more-than-incremental’ to existing solutions.

Growth Ventures is the Bank’s platform for investing in and standing up new businesses. These businesses integrate existing capabilities into new commercial models, deliver new capabilities to market often through partnerships with clients and other industry stakeholders, and enter new markets in unique ways that benefit clients and the overall ecosystem. Growth Ventures also includes BNY Mellon’s market-leading software and data management business, with approximately $45 trillion in assets under data management and proprietary technology infrastructure that is a foundation for a broad suite of analytics, services, and solutions.

Growth Ventures is driving a bank wide effort to build new products/services in the Private Markets space to serve the emerging needs of GPs and LPs (with a primary focus on private equity, private credit and private real estate / infrastructure investments). This business will extend our existing depth and breadth in public markets to create market leading software, data and analytics products for Private Markets.

Key Role Responsibilities:

This role will lead a small entrepreneurial team, will play a critical role in developing and launching Private Markets business. This includes coordinating efforts across multiple businesses to develop a coherent product roadmap and work closely with engineering and sales/GTM teams to drive execution and commercialization:

• Drive overall product strategy and go-to-market approach
• Work with initial pilot clients to deeply understand their needs around Private Markets Data and analytics to ensure product-market fit
• Constantly assess longer term viability of the business and assess scalability of the product
• Drive coordination with business leads across other LoBs outside of Growth Ventures (e.g., Fund Services, Corporate Trust) to ensure a coherent roadmap
• Manage critical vendors / alliances to ensure timely delivery of product and commercial goals
• Work very closely with the engineering team to develop to ensure engineering roadmap is fully aligned with product roadmap
• Escalate delivery issues as appropriate through a well establish governance structure
• Stay current with market trends to ensure

We are currently looking to fill this position at our global in downtown New York or Wellesley, MA.

Candidate profile

The ideal candidate would have a passion for and track record in:

• Being entrepreneurial and self-directed – operate as an owner
• Being ambitious and driven to deliver market-changing innovations in an accelerated timeline
• Being growth oriented yet pragmatic, able to balance a compelling vision with execution
• Being a creative problem solver with grit – consistently finding ways to overcome limitations
• Being detail oriented – understanding the nuances that can impact overall outcomes
• Being a thoughtful communicator who can express complex ideas in simple, practical terms

The ideal candidate will ideally have following relevant experience:

• 10+ years of related experience preferred
• Experience in alternative investing and/or financial technology start-ups
• Prior experience in management consulting (structured problem solving)

Qualifications: Bachelors degree in business or a related discipline, or equivalent work experience required. Advanced degree preferred10-12 years of related experience preferred. Experience in the securities or financial services industry preferred.

This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $200,000 and $266,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.

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.
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.