Senior Product Manager, Collateral & Funding Markets

BNY Mellon

$150K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of experience in capital markets or related fields, focusing on collateralized financing markets.
  • Expertise in U.S. funding and government securities markets, particularly U.S. Treasuries and agency debt instruments.
  • Track record in designing and managing financial products or infrastructures related to triparty repo and secured financing.
  • Deep knowledge of funding market dynamics and central bank liquidity operations.
  • Strong familiarity with Federal Reserve liquidity frameworks and related public-sector mechanisms.
  • Experience with regulatory initiatives involving public-sector and central-bank bodies.
  • Bachelor's degree in Finance or related field; MBA or advanced degree preferred.

Responsibilities

  • Lead and manage complex product initiatives in collateral and funding markets.
  • Design and launch financial products, including triparty repo structures and collateral workflows.
  • Interface with public-sector stakeholders and internal teams across various departments.
  • Translate complex market concepts into clear product strategies and communication materials.
  • Collaborate with legal, compliance, and technology teams to structure new market solutions.
  • Advocate for policy developments that align with product and market needs.
  • Oversee project management and Agile development processes for product delivery.

Benefits

  • Access to flexible global resources for personal and professional development.
  • Generous paid leaves, including volunteer time off.
  • Participation in comprehensive health, dental, and vision insurance plans.
  • 401(k) retirement plan eligibility and discretionary incentive awards available.
  • Support for personal wellbeing and resilience through company programs and initiatives.
Full Job Description
Job Description

We're seeking a future team member for the role of Senior Product Manager, Collateral & Funding Markets to join our Global Collateral Platform. This role is located in New York City

In this role, you'll make an impact in the following ways:
  • 10+ years of experience in capital markets, product management, trading, operations, market infrastructure, or strategy, with a focus on collateralized financing markets such as repo, securities lending, or secured funding.
  • Demonstrated expertise in U.S. funding markets and U.S. government securities markets, including strong familiarity with U.S. Treasuries, agency MBS, and agency debt instruments.
  • Proven track record of designing, launching, or managing financial products, infrastructure capabilities, or strategic initiatives involving triparty repo structures, collateral workflows, or secured financing operating models.
  • Deep working knowledge of funding market dynamics, including dealer-to-client and interdealer activity, central bank liquidity operations, and the interaction between public- and private-sector funding channels.
  • Strong familiarity with Federal Reserve liquidity frameworks and related public-sector liquidity mechanisms, including the Discount Window, Standing Repo Facility, Reverse Repo operations, collateral pre-positioning, and liquidity readiness considerations.
  • Experience working on or alongside public-sector, central-bank, or regulatory-facing initiatives, preferably involving the Federal Reserve System.
  • Knowledge of the settlement and operating infrastructure supporting U.S. government securities and secured funding.
  • Experience collaborating with legal, compliance, risk, operations, and technology teams to structure new products or market solutions while maintaining appropriate regulatory, control, and documentation standards.
  • Strong ability to lead complex, cross-functional initiatives spanning policy advocacy, product design, business requirements, operating model development, and phased delivery execution.
  • Ability to interface credibly with public-sector stakeholders, institutional clients, and senior internal stakeholders across Treasury, legal, risk, operations, technology, and product.
  • Excellent written and verbal communication skills, including the ability to translate complex market structure and liquidity concepts into clear product strategy and executive-ready materials.
  • Bachelor's degree in Finance, Economics, Business, Public Policy, or a related field; MBA or advanced degree preferred.


To be successful in this role, we're seeking the following:
  • Direct experience public-sector market structure initiatives.
  • Experience with Fed, Discount Window, FHLB advance structures, liquidity readiness programs, collateral pre-positioning frameworks, or public/private liquidity interoperability topics.
  • Experience working at or with custodians, clearing banks, primary dealers, broker-dealers, asset managers, official-sector institutions, or other market infrastructure providers.
  • Familiarity with collateral transaction types, collateral optimization tools, collateral management platforms, or securities and loan collateral workflows.
  • Direct exposure to regulatory, policy, or industry groups such as SIFMA, TMPG, ISDA, or similar forums.
  • Strong project or program management background and familiarity with Agile product development, technology delivery environments, or platform-based transformation work, including digital assets.


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 assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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