1+ months

529 Product Group Manager

BNY Mellon
New York, NY 10007

Who we are:

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the worlds leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity.

BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

What we do:

About Sumday

Sumdays mission is to help people save for something in the future for someday. We believe everybody should have the opportunity to save and invest for the future in the easiest possible way (over time, any time).

Were a small, nimble team inside a 235 year-old global investment company, BNY Mellon. Sumday understands and adapts to the needs of states as they help individuals save for college and disability-related expenses. Sumday helps states administer and grow their 529 college savings, 529A ABLE and other public-sponsored savings plans. It delivers an end-to-end solution for individual end-users, investment advisors, and plan sponsors.

Sumday takes client servicing seriously. It is in no small way on of our competitive advantages. In fact, building relationships are at the core of what we do: it sets us apart from the rest of the industry, it connects us to our clients and customers, and it is the lens we use to innovate.

JOB DESCRIPTION:

The Product Group Manager serves as a combination of customer service manager, strategist and problem solver. You will leverage strong listening, verbal, and written communication skills to deliver high quality service to the Sumday client base and to build cross functional relationships that allow you to achieve the Product Lines goals. You are able to articulate client concerns while coordinating with technology, legal, compliance, risk and finance teams to build scalable and cost effective client solutions. As the Product Group Manager you must bring a collaborative mindset.

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  • Manages the Product Management function for a business unit and has oversight of the full complement of products within a key segment. May touch on a significant number of products across geographies.
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  • Establishes the strategic approach for the development of a variety of products and product lines and works with senior leaders to ensure functional strategies tie to business unit objectives. Guides staff in building the business case for firm offerings in the marketplace and ensures that the team stays on top of the competitive landscape and the industry environment.
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  • In collaboration with senior leaders, determines the key products of strategic importance to the firm and the long term goals for the function. Responsible for the growth and profitability of all products.
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  • Manages the product life cycle from development through marketing. Evaluates suggested areas for enhancement or new/innovative features and determine the most viable options to pursue.
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  • Ensures implementation across all global products. Determines overall strategic positioning and targeted client segments for all products. Collaborates with peer managers in Relationship Management/Business Development/Account Management and Marketing teams to deliver on sales and market share goals.
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  • Responsible for ensuring that all work conducted by subordinate team aligns necessary regulatory requirements. Assists staff in navigating Risk, Legal or Compliance requirements. Recruits, directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
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  • Provides feedback at the most critical times. Manages multiple teams. Work is accomplished through subordinate managers. Develops and oversees the achievement of functional objectives and ensures they reflect and support business unit objectives. Manages the financial and human resources for the function.

PREFERRED QUALIFICATION:

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  • We are seeking an experienced 529 Product Group Manager to lead our growing college savings team. You will manage a team that strives to deliver exceptional client service and support the team on a wide range of client projects and deliverables. This will include overseeing service delivery as well as overall product development initiatives, client and product profitability, new business development, marketing, new client conversions / on-boarding and representation of the firm at industry events. You will collaborate with the ABLE and Retirement Product Group Managers to craft a consistent, coherent and comprehensive suite of solutions for our state savings plan sponsors which typically include the State Treasurer and senior members of the Treasury staff.
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  • You will be responsible for the day-to-day management of the Sumday 529 client team, set strategic direction and execute the tactical plan that achieves the Team goals. You thrive in a fast-paced team environment that includes handling managerial tasks as well as Product Management functions. Your responsibilities cover a broad spectrum of functions and different roles and it is critical that you can effortlessly adjust your focus depending on the situation.

Qualifications

Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 10-15 years of total work experience with at least 3-5 years in management preferred. Securities or financial services experience 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.

Primary Location: United States-New York-New York
Internal Jobcode: 70233
Job: Asset Servicing
Organization: Investor Solutions LOB-HR08405
Requisition Number: 2105301

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Posted: 2021-04-02 Expires: 2021-06-02

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529 Product Group Manager

BNY Mellon
New York, NY 10007

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