Network Manager (Vice President), Global Network Management

Network Manager (Vice President), Global Network Management 

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 Network Manager (Vice President, J-grade) to join our Global Network Management team. This role is located in Manchester, UK – hybrid

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

The Global Network Management team manages BNY’s network of Direct Custody & Sub-Custodian relationships across more than 100 markets, delivering market insights to clients, selecting, and appointing new relationships, monitoring regulatory compliance of the existing network and advocating with market players for international best practices and market changes. Amongst its major duties, the Market Manager will be responsible for:

• Sub-custodian due-diligence & oversight: Manage and execute the annual due diligence and oversight of our custody, DR and cash correspondent networks.
• Contract negotiation & ongoing oversight: Responsible for Appointments, Terminations and fee negotiations with Sub-Custodians and market infrastructures. Responsible for supporting / executing ongoing assessments, due diligence & day-to-day engagement.
• Market ownership and development: End to end ownership of individual markets to include:
• understanding of market nuances for securities and cash,
• assessment of gaps and opportunities in BNY’s ability to service clients,
• Responsible for ensuring that all changes to local market providers are implemented in accordance with appropriate risk and governance requirements.
• Market Advocacy: identify opportunities to contribute to market advocacy to ensure the voice of the international investor community are heard and represented through local market partners, Sub-custodians / local market infrastructure.
• Crisis management: Accountable for management of local market crisis events, from identification through to resolution. Responsible for communicating and coordinating activities across internal stakeholders and partners & issuing external notifications as needed.
• Change management: Responsible for supporting strategic projects including digitisation initiatives through to implementation.

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

• Bachelor’s Degree, or equivalent combination of education and experience.
• Appropriate work experience, preferably banking industry experience in global custody network management, operations, or client service management.
• Strong written and verbal communication skills required.
• Team player with a flexible attitude and ability to make extensive contributions to the overall success of the team.
• Ability to foster new relationships and work collaboratively with others

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

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

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 is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Read Full Description