Senior Vice President Network Management

Job description / Role

Job Type
Full Time

Job Location
Dubai, UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency

Not Specified

Job Function
Finance, Business Analysis & Consulting

Company Industry
Banking - Corporate

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 worlds 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, 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.

Were seeking a future team member for the role of Senior Vice President, Network Management to join our team. This role is located in Dubai.

Key responsibilities

In this role, youll make an impact in the following ways:

The Global Network Management team manages BNYs network of direct custody and 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. Among its major duties, the Market Manager will be responsible for:

• Sub-custodian due diligence and oversight: Manage and execute the annual due diligence and oversight of our custody, DR and cash correspondent networks.
• Contract negotiation and ongoing oversight: Responsible for appointments, terminations, and fee negotiations with sub-custodians and market infrastructures. Support and execute ongoing assessments, due diligence, and day-to-day engagement.

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  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 Mellons ability to service clients, and 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 is heard and represented through local market partners, sub-custodians, and 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 and issuing external notifications as needed.
• Change management: Responsible for supporting strategic projects including digitisation initiatives through to implementation.

Qualifications

To be successful in this role, were seeking the following:

• Bachelors degree or equivalent combination of education and experience.
• Relevant 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.
• Proficient use of Microsoft Office software.

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 lifes 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.

Equal opportunity

BNY is an equal employment opportunity and affirmative action employer for underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.