Overview

Bring your ideas. Make history.
BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.

With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.

We're seeking a future team member for the role of Director, Product Development - Retail Alternative Funds (BDCs) to join our Alternatives Product Team within Asset Servicing. This role is located in New York City, NY - Hybrid work schedule.

Alternatives is a Product within Asset Servicing that helps clients across hedge funds, private equity, credit and real estate grow and optimize their businesses for success. The primary product set is focused on investor servicing, accounting, custody and administration. Increasingly the Alternatives business is helping clients that are launching funds as Business Development Companies (BDC) and other fund structures to attract more retail investors. We are looking to expand our team by adding a Product Manager specially focused on BDCs.

In this role, you'll make an impact in the following ways:

Business

• Own the vision, execution, measurement, and outcomes for our product set across Fund Administration for Retail Alternatives, including BDCs
• Oversees strategy design behind product development and delivery for Fund Administration
• Define the product vision based on wide ranging inputs from clients, markets and desired commercial outcomes as it relates to the investor experience
• Consider the required operating model and path to implementation to realize the product roadmap
• Own business outcomes, with clear articulation of the business value and impact
• Engage directly with clients to understand expectations
• Ensures strategies align with departmental priorities and annual plan.

• Product

• Express outcomes and priorities on a product roadmap that articulates progress of the product over time
• Expect to use data to make, justify and measure investment decisions
• Think horizontally across the entire Alternatives client base to find commonality with clients in private and liquid markets
• Have a mindset of business ownership and end to end execution collaborating closely with Operations and Technology
• Evaluate the product at each sprint to ensure client and firm commitments are met in terms of quality, controls and ability to scale
• Assess and keep pace with market trends and competitors

Team and Personal Skills

• Bring enthusiasm, drive and energy to the product development process
• Expect to work in a rapid, high paced environment with ambiguity and uncertainty
• Leverages strong market knowledge to integrate the demands of various regions and stay ahead of competitors. Is directly responsible for team's performance and profitability.
• Interacts directly with key leaders across the business and external customers to negotiate and market BNY Mellon's offerings. Seen as a firm expert on multiple products and product portfolios that are of strategic importance to the firm.
• Takes an active role in the development and coaching of team members
• Provides guidance to less experienced colleagues as needed. Leads others on project teams and assists management to operationalize functional or business objectives.
• Contributes to the achievement of functional objectives.

To be successful in this role, we're seeking the following:

• 10 years of total work experience preferred.
• Experience in Business Development Companies , in an operations, product, technology or related role is required.
• Experience in Tender Offer, Interval or Retail Alternative is strongly preferred.
• Bachelor's degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred.

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion
• Bloomberg's Gender Equality Index (GEI)
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score
• 100 Best Workplaces for Innovators, Fast Company
• Human Rights Campaign Foundation, 100% score Corporate Equality Index
• CDP's Climate Change 'A List'

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter.

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.

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 $125,000 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 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. 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.

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.