Pershing X - Product Manager, Direct Indexing & Portfolio Construction Pershing X - Product Manager, Direct Indexing &  …

BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
BNY Mellon
in New York, NY
Permanent, Full time
Be the first to apply
Pershing X - Product Manager, Direct Indexing & Portfolio Construction
BNY Mellon's Pershing is seeking a Product Manager, Direct Indexing & Portfolio Construction. Pershing provides integrated end-to-end managed account solutions that includes custodial, technology, investments, operational, trading and practice management support for advisors. Our Managed Account Solution is an intuitive, cohesive and flexible advisory experience that can help increase efficiencies and create scale and is designed to deliver seamless accessibility to advisor-directed, mutual fund/exchange-traded fund wrap, model marketplace, separately managed (SMA) and unified managed accounts (UMA).

The Product Manager, Direct Indexing & Portfolio Construction position will primarily be responsible for the product strategy and management of direct indexing capabilities provided through the platform supporting our advisory solutions. This person will lead product management, development and strategy for large and/or complex products. Usually assigned to product areas with high-growth potential and has fully developed core expertise on industry trends, market segments and competitor services/offerings.
  • Develops ideas for new products. Ensures that risk, regulations, and market conditions are accounted for throughout the life-cycle of developed products.
  • Analyzes complex client requirements and develops solutions that may include more than one product.
  • Must understand the economics behind products and demonstrate business acumen.
  • Independently manages the development, enhancement, and profitability of assigned products and performs both operational and marketing analysis to ensure profitability and penetration goals are met.
  • Manages relationship with Operations, Technology, Risk, Compliance, Legal, etc. to ensure different requirements are met during the new 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 assigned products, the marketplace and client needs to drive product growth/development and maximize profitability.
  • Creates product management roadmaps and establishes evaluation criteria and success metrics.
  • Leads pricing, promotion, distribution strategies and competitive differentiators.
  • Positions products for specific client segments, highlighting key benefits and competitive advantages.
  • Engages with Sales and relationship Management in supporting business sales.
  • Performs technical training, demonstration and develops user guides for clients while also preparing sales materials and training BNY Mellon professionals.
  • Guides junior product managers and directs and works with operations and systems managers during product implementation to ensure operating plan goals are met.
  • No direct reports.
  • Provides guidance to less experienced colleagues as needed.
  • May lead others on project teams.
  • Contributes to the achievement of area objectives and profitability of assigned product(s).
  • Bachelors degree or the equivalent combination of education and experience is required.
  • Advanced/graduate degree preferred. 7-10 years of total work experience preferred.
  • Experience in Product Management, operations, client management preferred.
  • MBA or CFA preferred.
  • Product Leadership Certification preferred. Applicable local/regional licenses or certifications as required by the business.

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.
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