About the position
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 Senior Vice President, Market / Client Risk Management Manager to join our Conventional Trust Platform team. This role is located in Houston, TX or New York, NY or Pittsburg, PA - HYBRID (4 days a week in office).
Responsibilities
- Manages a large team of Transaction or Deal Management professionals and directs staff responsible for negotiating, reviewing, analyzing and executing deal documents or services in transactions in compliance with regulatory guidelines, where applicable, and BNY standards, policies and preferred processes and procedures, and client specifications.
- Oversees the transaction management of products within the relevant team associated with a moderately large portion of business unit revenue ($20-$50M) or deal flow of approximately 400- 500 transactions annually in an environment of moderate complexity and high inherent risk.
- Assures effective legal and operational risk mitigation in all deal transaction documentation matters.
- Oversees the performance of assigned staff, is an escalation point and Subject Matter Expert for transaction related issues and provides coaching, guidance and feedback.
- Sets priorities and allocates resources to align with business objectives and annual plan.
- Uses subject-matter expertise on specific segment and transaction practices and methodologies to direct on resolution of operational and/or transactional issues as required.
- Provides leadership to the relevant team in structuring and/or negotiating the terms of the transaction in accordance with product specification and business strategic objectives.
- Ensures negotiations of underlying contract carried out by the team accurately reflect the nature of contracted roles and obligations in line with client and business objectives.
- Promotes a consistent document review and deal closing process for the team.
- Provides direction and guidance to the team where required, to ensure that negotiations with lawyers, advisors, clients, market participants on transactions are executed in a manner that manages risk while maximizing revenue in line with business strategic objectives.
- Liaises with internal and external business contacts such as Compliance, Audit, Risk, Legal, Business and Jurisdictional Acceptance Committees, Business Risk Committee and the Default Administration Group, where applicable.
Requirements
- Bachelor's degree preferably in finance or a related area, or the equivalent combination of education and experience is required.
- 10+ years of total work experience.
- 1 - 3 years previous management experience.
- Experience in securities servicing, risk management or related areas preferred.
- Experience in Corporate Trust with a strong understanding of debt issuance.
Benefits
- Highly competitive compensation
- Benefits and wellbeing programs
- Access to flexible global resources and tools for your life's journey
- Focus on health and personal resilience
- Generous paid leaves, including paid volunteer time
