Jobs and Careers

Director, Clearing Product Manager

New York City, United Statesfull_timeVerifiedPosted 7 Oct 2025

💰 $273,000/yr($127,000/yr – $273,000/yr)

About the role

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Director, Clearing Product Manager to join our Global Markets team. This role is located in New York, NY or Boston, MA - HYBRID

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

Leads product management and development for the “Done Away” service from early stage through launch and on-going business management.
Analyzes complex client requirements and drives solution functionality that may include more than one technology.
Must understand the economics behind treasury repo sponsorship and clearing, while demonstrating business acumen.
Responsible for crafting the strategies behind product development and delivery.
Must have market knowledge to integrate the demands of various regions and stay ahead of competitors.
Is directly responsible for product profitability across what would become a range of large, complex, global clients.
Ensures Operations, Technology, Risk, Compliance, Legal, etc. team concerns are addressed during the product development, enhancement, delivery, strategy, and planning processes.
Employs a client-focused, strategic approach to develop the business case for firm offerings in the marketplace through in-depth and complex analyses on client segments, competitive landscape and industry environment.
Demonstrates in-depth and comprehensive knowledge of associated features of the offering, the marketplace and client needs to drive product growth/development and maximize profitability.
Seen as a firm expert on the product and act as champion of the product articulating the strategic importance to the firm.
Creates product management roadmap and establishes evaluation criteria and success metrics.
Oversees pricing, promotion, distribution strategies and competitive differentiators.
Positions the product for specific client segments, highlighting key benefits and competitive advantages.
Works with sales and relationship management teams to support sales efforts and close on deals as needed.
Provides guidance to less experienced colleagues as needed.

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

Bachelors degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred.
10-12 years of applicable work experience at a senior level in repo trading, clearing, or other related aspects of institutional financing transactions
In depth knowledge of FICC clearing industry landscape including client types and industry utilities
Experience in Product Management, operations, client management preferred.
MBA or CFA preferred but not required.
In depth knowledge of UST repo trading and clearing preferred
In depth knowledge of FICC operations data flows, with knowledge of other CCPs (i.e. CME and ICE) a plus
Understanding of the SEC clearing regulations preferred
In depth knowledge of revenue buy side and sell side revenue drivers and considerations related to treasury repo trading and clearing preferred
Ability to work across IT, operations, other business, vendors and clients at all levels

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