BNY Mellon Investment Management's goal is to build and manage investment and wealth management strategies and solutions that address the ever-changing needs of our clients. Drawing on deep expertise, we collaborate with our clients to understand their needs and tailor our best ideas and resources to meet their specific requirements. As recognised pioneers of the multi-boutique model, BNY Mellon have some of the best investment ideas, from the finest investment minds, all in one place.
BNY Mellon Investment Management has over US$1.8 trillion AUM (as at 31 March 2019) and is the global investment management arm of BNY Mellon, one of the world's largest global asset managers We provide investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world.
BNY Mellon Investment Management EMEA Limited (IM EMEA) has a range of UK- and Dublin-domiciled equity, fixed income, multi-asset and liquidity funds that are managed by a diverse range of investment boutiques within the BNY Mellon Group. These include Newton, Insight, Mellon Investments Corporation, Walter Scott, ARX, Alcentra, and BNYAM Japan.
The long-term strategy of IM EMEA is to launch new products by matching the expertise of BNYM investment boutiques with the needs of its clients and strategic partners. It continues to build on its core product offerings where it identifies demand and gaps within its ranges.
The Product Development and Management team in London primarily supports the cross-border and UK ranges distributed by IM EMEA across the UK and continental Europe, Middle East and Africa. Additionally, this role also provides support to our product development efforts in Asia.
The Product Development & Management function sits within the Product Development and Strategy team within the firm's Distribution division and is responsible for facilitating and implementing the development of new products and on-going range management of all funds distributed by IM EMEA. This makes for an interesting, stimulating and varied role. The variety of the role therefore calls for individuals who can successfully multi-task and manage multiple priorities and projects simultaneously.
A key member of the IM EMEA product team to support the achievement of International Distribution's key objectives of :
Development of new products for IM EMEA'S cross-border and UK mutual fund platforms, taking ownership of the development cycle from detailed design to build and launch.
Ongoing product range management of IM EMEAs cross-border and UK-domiciled UCITS- and non-UCITS qualifying fund ranges to ensure existing products are fit for purpose.
Identifying and implementing proposals to improve the efficiency of the product offer via amendment, merger or rationalization.
Ensuring implementation of product-related initiatives is timely and well executed across the business.
Keep abreast of product trends in the investment industry though building and maintaining competitor and general market knowledge, as well regulatory developments.
Supporting the impact assessment, co-ordination and delivery of product change brought about by external factors and regulations such as PRIIPs, UCITS V, MiFID II etc.
The purpose of the role is to develop and implement new products as well as ensure continued competitiveness through fund modifications of existing products.
This will typically involve:
Efficient project management and product implementation:
Develop detailed product specifications and project documentation for product launches, closures and modifications with strong with attention to detail and accuracy
Deliver product launches, closures and modifications approved by the relevant internal committees on time and budget whist adhering to IM EMEA's governance processes
Co-ordination and implementation of on-going product range management and regulatory initiatives affecting product. Effective Stakeholder management:
Develop close working relationships with IM EMEA stakeholders including the relevant investment boutique, Legal, Compliance, Finance, Sales, Marketing, Investment Communications and Operations, to ensure projects run effectively and collaboratively.
Facilitate effective communication to key stakeholders through regular milestone progress updates
Provide technical support responding to product related enquiries from various areas of the business. Ongoing product governance:
Preparation of product documentation for internal committees both for approval and ongoing update as well as expectation management. Prepare reports and other product-related material for presentation to the Fund Boards.
Contribute to product process improvement and enhanced client experience
Generic Staff Responsibilities:
Comply with all corporate policies and procedures within the department.
Alert management immediately of any significant changes to business risks and internal controls effectiveness.
Notify management and/or Compliance immediately of any regulatory breach.
Comply with health and safety policies and procedures operating within the business.
Enhancing Organizational Talent
Driving for Results
Job Specific Competencies
The candidate should have:
Strong organization, time and project management skills
Impeccable attention to detail and accuracy
Proactive and adaptable - able to identify issues and prescribe the correct solution
Excellent communication skills, both written and verbal
Knowledge of the asset management industry and in-depth technical knowledge of investment products, both onshore and offshore
Positive attitude and good interpersonal skills demonstrated by an ability to credibly liaise with senior management as well as developing good working relationships with peer group colleagues
A proactive approach to resolving issues as well as identifying developing opportunities
Technical Skills, Knowledge, Systems Knowledge (and associated skill level):
Experience of the FundD Prospectus Management system
Experience of Bloomberg, Morningstar, Lipper and other market analysis tool
Continental European languages such as Italian, French, German or Spanish