Vice President, Client Coverage

BNY Mellon

$69K — $185K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or equivalent education and experience required.
  • 5-7 years of experience in client-facing roles.
  • Preferred experience in Asset Servicing Products (Hedge, Pension, etc.).
  • Good understanding of the marketplace and competitive landscape in the relevant region.
  • Substantial knowledge of relevant industry drivers.

Responsibilities

  • Optimize client relationships to grow revenue.
  • Consult with clients on their strategic vision and align solutions accordingly.
  • Leverage firm’s product knowledge to meet client needs with a solutions orientation.
  • Develop customized bundled cross-product offerings for clients.
  • Evaluate and structure pricing and contract terms for deals.
  • Manage the sales lifecycle with a focus on operating model discovery.
  • Collaborate with internal teams to connect solutions across the firm.

Benefits

  • Access to highly competitive compensation and benefits programs.
  • Focus on health, resilience, and financial goals.
  • Generous paid leaves, including volunteer time.
  • Strong culture of excellence and pay-for-performance philosophy.
Full Job Description
We're seeking a future team member for the role of Vice President, Client Coverage to join our Asset Servicing team. This role is located in New York, NY.

In this role, you'll make an impact in the following ways:
  • Commercially focused on optimizing the client relationships in order to grow revenue.
  • Consults with clients/prospects on their strategic vision and uses an in-depth understanding of the firm's solutions and value proposition to help achieve that vision.
  • Delivers the full value of the firm by leveraging the deep knowledge of the firm's product offerings and how they can best meet client needs with a solutions orientation
  • May require ideating bundled cross-product offerings customized to the client's specific needs.
  • Evaluate and structure deal (pricing, contract terms, etc.) to determine the optimal terms for both the client and the firm's commercial objectives & risk appetite.
  • Works with broader client coverage team to manage the sales lifecycle with a specific focus on operating model discovery and design.
  • Fosters a constructive feedback loop with clients to ensure BNY solutions an optimal design and can deliver on requirements.
  • Collaborate internally and connect-the-dots across the firm.
  • Remain intellectually curious about products within the firm to keep informed and up to date on all firm offerings.
  • Works with product partners to identify and develop new or emerging markets or capabilities for the firm to enter where appropriate.
  • Collaborate with third party vendor partners, specifically focused on front office investment management systems, to ensure that BNY delivers collaborative solutions aligned with best in class technology systems.

To be successful in this role, we're seeking the following:
  • Bachelor's degree or the equivalent combination of education and experience is required.
  • 5-7 years of experience
  • Sufficient years of client facing experience along with substantial Asset Servicing Product knowledge (Hedge, Pension, etc.) is preferred.
  • A good understanding of the relevant marketplace, competitive landscape and industry drivers in the relevant region is desirable.


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 base salary for this position is expected to be between $69,000 and $185,000 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 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 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.

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