We're seeking a future team member for the role of Senior Vice President to join our Client Tax Product team. This role can be located in the US Northeast where BNY has offices. In this role, you'll make an impact in the following ways:
- Contribute to the Tax Services product strategy, developing and promoting new products especially U.S. and Corporate Trust related, by providing subject matter expertise and guidance.
- Collaborate with internal and external stakeholders to communicate changes which may lead to product gaps and operational issues.
- Monitor, analyze, and report on new tax developments, legislation and guidance from tax authorities that may impact our product set.
- Take ownership of creating business cases, identifying customer needs while ensuring that the Bank's (tax) risk appetite and control framework are satisfied.
- Manage vendors and assist in setting the billing and pricing strategy.
- Work closely with Product Development partners to ensure business requirements are understood, delivery plans developed and tracked through all stages of the development lifecycle.
- Lead ad-hoc time sensitive projects focused on delivery of solutions for Clients and BNY requirements.
- Provide thought leadership, including the drafting of client communication to provide clients with updates on tax changes to both the tax law and the U.S. tax process.
- Provide timely updates to business partners, including Risk and Compliance partners.
- Work in a multi-disciplined team located across various time-zones.
- Represent BNY in relevant tax industry working group meetings as necessary.
To be successful in this role, we're seeking the following:
- Minimum of 8 years' experience in financial service / tax product-based roles in complex, enterprise environments.
- Preferably qualification as a tax advisor or tax lawyer. CPA a Plus.
- Execution capabilities, operational and/or product management.
- Superior business acumen and analytical skills.
- Experience of contributing to the tax product development lifecycle, from concept and client need through to execution and benefit realization.
- Experienced in working with business and technology architecture. Able to explain strategic concepts to audiences.
- Comfortable with corporate governance and reporting.
- Able to collaborate and communicate with all levels.
- Preferred: Domain knowledge of mutual and alternative fund administration as well as custody/securities processing or related capabilities.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $102,000 and $221,000 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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