Vice President, Network Manager I
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're seeking a future team member for the role of Network Manager to join our Global Network Management team. This role is located in Pittsburgh, PA –HYBRID
In this role, you'll make an impact in the following ways:
The Global Network Management team manages BNYs network of Direct Custody & Sub-Custodian relationships across more than 100 markets, delivering market insights to clients, selecting, and appointing new relationships, monitoring regulatory compliance of the existing network and advocating with market players for international best practices and market changes. Amongst its major duties, the Market Manager will be responsible for:
Sub-custodian due-diligence & oversight – Manage and execute the annual due diligence and oversight of our custody, DR and cash correspondent networks.
Contract negotiation & ongoing oversight:Responsible for Appointments, Terminations and fee negotiations with Sub-Custodians and market infrastructures. Responsible for supporting / executing ongoing assessments, due diligence & day-to-day engagement.
Market ownership and development:End to end ownership of individual markets to include:
understanding of market nuances for securities and cash,
assessment of gaps and opportunities in BNY's ability to service clients,
Responsible for ensuring that all changes to local market providers are implemented in accordance with appropriate risk and governance requirements.
Market Advocacy: identify opportunities to contribute to market advocacy to ensure the voice of the international investor community are heard and represented through local market partners, Sub-custodians / local market infrastructure.
Crisis management:Accountable for management of local market crisis events, from identification through to resolution. Responsible for communicating and coordinating activities across internal stakeholders and partners & issuing external notifications as needed.
Change management:Responsible for supporting strategic projects including digitization initiatives through to implementation.
To be successful in this role, we're seeking the following:
Bachelor's Degree, or equivalent combination of education and experience.
5-7 years of appropriate work experience, preferably banking industry experience in global custody network management, operations, or client service management.
Strong written and verbal communication skills required.
Team player with a flexible attitude and ability to make extensive contributions to the overall success of the team.
Ability to foster new relationships and work collaboratively with others.
Proficient use of Microsoft Office software.
Professional working proficiency in Spanish is a plus
Fluency in Spanish preferred.
At BNY, our culture speaks for itself. Here's a few of our awards:
America's Most Innovative Companies, Fortune, 2024
World's Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
"Most Just Companies", Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg's Gender Equality Index (GEI), 2023
Qualifications: Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 7-10 years of total work experience preferred. Banking industry experience in risk, compliance, and client engagement preferred. Applicable local/regional licenses or certifications as required by the business.
BNY 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.