Vice President, Business Development Officer
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
Pershing X is a start-up unit designed to incubate, engineer, and deliver breakthrough solutions that will transform the advisory market. Pershing X will deliver the industry’s leading end-to-end advisory platform, helping financial service firms solve the challenge of managing multiple and disconnected technology tools and data sets for their advisors and fueling our clients’ business growth. We are a collaborative and fast-growing team working on exciting and innovative digital product offerings.
We’re seeking a future team member for the role of Business Development Officer to join our Pershing X team.
The business Development Officer will be responsible for leading complex sales opportunities, with a focus on revenue growth across all Pershing X products and services.
- Identify prospective clients, lead generation and conversion opportunities for incremental revenue growth.
- Deep understanding of advisory business space, data and market forces changing the financial services industry
- Develop a core understanding of the Pershing X business, its strategy and its products and services.
- Responsible for contractual obligations such as pricing and contract terms for new clients.
- Sound understanding of the RIA (Registered Investment Advisor), broker dealer and bank trust segments and how to sell into each market segment.
- Strong understanding of how to navigate complex organizations.
- Host prospective client demos and meetings.
- Lead and execute sales deliverables identified in the prospecting phase of sales engagements.
- Prospect Research and analyze the business environment for industry trends and competitor services/ offerings.
- Partners with Wealth Solutions (Enterprise BDO’s and Relationship Managers) teams to create sales opportunities and accelerate the sales process.
- Work closely with the business development and Relationship Management teams to introduce PX as part of the sales process.
- Ensures client onboarding and/or risk management activities are conducted and captured (KYC (Know Your Customer).
- Develop, track and report on revenue goals for both new sales and organic growth.
To be successful in this role, we’re seeking the following:
Bachelor’s degree or the equivalent combination of education and experience is required. Advanced/graduate degree preferred. 5-7 years of total work experience preferred. Financial Services experience with a particular client type or product (Hedge, Pension, etc.) preferred as is prior experience in Relationship Management, Client Services or Account Management. Applicable local/regional licenses or certifications as required by the business.
At BNY, our culture speaks for itself. Here’s a few of our awards:
- America’s Most Innovative Companies, Fortune, 2024
- World’s Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
- “Most Just Companies”, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg’s Gender Equality Index (GEI), 2023
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 life’s 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.
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.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $81,000 and $149,000 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.
