Director Product Management

Director, Product Management

The Bank of New York Mellon seeks a Director, Product Management in New York, NY, to coordinate a range of products from development to sales and delivery. You will support the development of departmental priorities, allocate resources to achieve business objectives, and ensure alignment with the annual plan. This role involves developing ideas for new online banking products and generating buy-in from the business to integrate them into the pipeline. You will provide functional insight to support the solution of complex, operational, and organizational problems, acting as an expert in the field.

Key Responsibilities

• Oversee strategy design behind product development and delivery.
• Plan studies of work problems and procedures, including organizational change, communications, information flow, integrated production methods, inventory control, and cost analysis.
• Gather and organize information on problems or procedures, analyze data, and develop solutions or alternative methods.
• Document findings and prepare recommendations for implementing new systems, procedures, or organizational changes.
• Confer with personnel to ensure successful functioning of newly implemented systems or procedures.
• Ensure strategies align with departmental priorities and the annual plan.
• Leverage strong market knowledge and user behavior to integrate demands from various regions and stay ahead of competitors.
• Interact directly with key leaders across the business and external customers to negotiate and market BNY Mellon’s offerings.
• Demonstrate in-depth knowledge of team capabilities, products, the marketplace, and client needs to drive product growth/development and maximize profitability.
• Act as a firm expert on multiple products and product portfolios of strategic importance.
• Provide oversight for the development of product management roadmaps and ensures alignment with organization functional business plans.
• Support and fund projects and products.
• Responsible for revenue goals, profitability, and pricing for all products, along with capital and operating budgets.
• Prepare manuals for the use of new forms, reports, procedures, or equipment, according to organizational policy.
• Design, evaluate, recommend, and approve changes to forms and reports.

Remote work may be permitted within a commutable distance from the worksite.

Requirements

• Bachelor’s degree, or foreign equivalent, in Economics, Engineering (Any), Mathematics, or a related field.
• Twelve (12) years of progressively responsible experience in the job offered or a related occupation in the financial services industry.
• Twelve (12) years of experience must include:
• Defining and driving product-related strategies to build best-in-class Digital solutions for corporate and institutional clients by leveraging retail and consumer banking digital product delivery models and a client-first approach.
• Detailing trade-offs from new products and utilizing a quantitative approach to determine trade-offs and benefits when developing products.
• Acting as a mediator between consumers and technical teams, communicating user needs and translating them into requirements for new product features.
• Utilizing Agile methodologies to ensure timely delivery, ensure agile ceremonies are followed, requirements are defined, and to quarterback all stages of the product development lifecycle.
• Developing product collaterals, client online demos, and commercialization plans to support go-to-market strategy.
• The employer will accept three years of university-level studies plus two years of experience in meeting the Bachelor's degree requirement.

Compensation

The base salary/range for this position is expected to be $249,500.00 - $281,000.00 per year at the commencement of employment. 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 the 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.

Equal Employment Opportunity

BNY is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans.

Key skills/competency

• Product Management
• Digital Solutions
• Agile Methodologies
• Strategy Development
• Market Knowledge
• Client Needs
• Product Growth
• Financial Services
• Quantitative Analysis
• Leadership