Principal, Senior Product Business Analyst

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Job description

Overview

Who we are:

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity.

BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

• Managing the custody of approximately $37 trillion financial assets of the world's leading institutional investors, hedge funds, sovereign wealth funds, and corporates
• Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
• Providing collateral, liquidity, and funding for the world's largest banks through our markets franchise
• Serving family offices and high net worth individuals through our wealth management franchise
• Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and '40 Act fund managers, registered investment advisor firms and wealth managers
• Advising large global corporations on a range of trust and other solutions
• Providing integrated managed data services to asset managers

What we do:

Middle Office is a growth business within Asset Servicing where significant investment is being made to create an industry leading solution for investment managers to outsource their middle office functions. BNY Mellon offers a complete range of services to meet investment managers' needs across trade support, derivatives lifecycle, collateral management, bank loans, investment book of record (IBOR), investment performance and data management.

Middle Office Product Management and Solutions is responsible for defining the product offering and designing new solutions in partnership with Sales, Implementations, Operations and Technology. Product Management is comprised of five service domains: trade support; derivatives, collateral and bank loans; IBOR including cash management, reconciliations, corporate actions and portfolio accounting; performance; information delivery, client oversight tools and data management.

Role

Middle Office is seeking a Senior Product Business Analyst for Middle Office services. We are looking for an individual to join the team with buy-side operations experience, deep asset management knowledge, product solutions skills and experience delivering outsource solutions to investment managers. You will be joining a collaborative cross functional team working together to deliver a new platform and operating model, new products and services, and enhanced transparency tools for our clients.

• Lead a cross functional team to define and deliver product roadmap including new strategic capabilities, client solutions and market driven change
• Create and maintain standard product and client solutions ensuring we create flexible, scalable and profitable multi-client capabilities
• Lead sales, solution and design presentations and workshops with clients and prospects
• Become recognized as a Middle Office expert and trusted advisor internally, in sales and to our clients

The successful candidate will:

• Create, analyse, and present standard product capabilities throughout sales, due diligence and implementations process
• Lead product development and analysis for multiple highly complex new global capabilities e.g. multi-region processing, intraday data services, data management solutions or new target markets e.g. hedge funds, insurance companies
• Liaise with cross-functional teams to deliver new products and services to meet client and market needs
• Lead the creation of product solutions strategies and materials
• Lead and provide technical guidance to cross-functional teams inc. relationship managers, operations, technology, etc.
• Serve as a subject matter expert and provide strategic direction on product competitors, client trends and market status.
• Act as the product champion and part of cross functional teams comprising Product, Technology and Operations.
• Ultimately responsible for defining the product positioning.

Experience & Qualifications:

We are seeking candidates with:

• 10+ years buy-side investment operations experience:
  • A deep understanding of investment operations
  • Practical understanding of end to end middle office services and downstream data requirements
  • Ideally, knowledge of more than one investment manager and investment operations platform
• Product management, consulting, or software company experience
  • A firm grasp of product management principles and methodologies
  • Ability to position services, create effective product material and sell to clients
  • Practical knowledge of designing new solutions and delivering new capabilities
• Service provider experience
  • Experience in the sales cycle, implementations, and ongoing support for Middle Office services
• Client facing skills and demonstrated ability to lead and influence partners at all levels of the firm, clients, and other third parties
• Bachelor's degree in business management or related discipline, or equivalent a work experience