Director, Clearing Product Manager at BNY

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Mar, 26

Salary

273000.0

Posted On

07 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Management, Treasury Repo Sponsorship, Clearing, Client Management, Market Knowledge, Business Acumen, FICC Clearing, UST Repo Trading, Operations, Risk Management, Compliance, Legal, Data Flows, SEC Regulations, Revenue Drivers, Strategic Approach

Industry

Financial Services

Description

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We’re seeking a future team member for the role of Director, Clearing Product Manager to join our Global Markets team. This role is located in New York, NY or Boston, MA. In this role, you’ll make an impact in the following ways: Leads product management and development for the “Done Away” service from early stage through launch and on-going business management. Analyzes complex client requirements and drives solution functionality that may include more than one technology. Must understand the economics behind treasury repo sponsorship and clearing, while demonstrating business acumen. Responsible for crafting the strategies behind product development and delivery. Must have market knowledge to integrate the demands of various regions and stay ahead of competitors. Is directly responsible for product profitability across what would become a range of large, complex, global clients. Ensures Operations, Technology, Risk, Compliance, Legal, etc. team concerns are addressed during the product development, enhancement, delivery, strategy, and planning processes. Employs a client-focused, strategic approach to develop the business case for firm offerings in the marketplace through in-depth and complex analyses on client segments, competitive landscape and industry environment. Demonstrates in-depth and comprehensive knowledge of associated features of the offering, the marketplace and client needs to drive product growth/development and maximize profitability. Seen as a firm expert on the product and act as champion of the product articulating the strategic importance to the firm. Creates product management roadmap and establishes evaluation criteria and success metrics. Oversees pricing, promotion, distribution strategies and competitive differentiators. Positions the product for specific client segments, highlighting key benefits and competitive advantages. Works with sales and relationship management teams to support sales efforts and close on deals as needed. Provides guidance to less experienced colleagues as needed. To be successful in this role, we’re seeking the following: Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 10-12 years of applicable work experience at a senior level in repo trading, clearing, or other related aspects of institutional financing transactions In depth knowledge of FICC clearing industry landscape including client types and industry utilities Experience in Product Management, operations, client management preferred. MBA or CFA preferred but not required. In depth knowledge of UST repo trading and clearing preferred In depth knowledge of FICC operations data flows, with knowledge of other CCPs (i.e. CME and ICE) a plus Understanding of the SEC clearing regulations preferred In depth knowledge of revenue buy side and sell side revenue drivers and considerations related to treasury repo trading and clearing preferred Ability to work across IT, operations, other business, vendors and clients at all levels At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here’s a few of our recent awards: America’s Most Innovative Companies, Fortune, 2025 World’s Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $127,000 and $273,000 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 BNY 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. 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.

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Responsibilities

The Director, Clearing Product Manager will lead product management and development for the 'Done Away' service, ensuring product profitability and addressing team concerns during the development process. The role involves analyzing client requirements and crafting strategies for product delivery and growth.