Vice President, IWM Portfolio Manager I - Remote

Job Description

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 is all about.

As a leading wealth manager, BNY Wealth Management is focused on helping successful individuals and their families build, manage and sustain their wealth across generations and market cycles. Through a unique service model focused on five Active Wealth practices — Investing, Borrowing, Spending, Managing Taxes, Protecting Legacies — they help clients in the U.S. and abroad achieve stronger after-tax performance to help maintain their wealth over generations.

We’re seeking a future member for our team to join as Vice President, IWM Portfolio Manager I role. Remote work offered.

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

• Responsible for the oversight of closely held business assets that are held in fiduciary accounts where BNY is acting as trustee or in a similar capacity.
• Oversee and monitor the activities of the closely held business asset, including but not limited to processing dividends made by the entity, oversight of the governing agreement, ensuring the proper insurance coverage is maintained, managing proxies and collection of financial statements on a regular basis.
• Perform an annual review of each closely held business asset, incorporating knowledge in financial statement analysis, investment valuation methodologies, certain trust and fiduciary matters, corporate organizational documents and all aspects of corporate governance.
• Complete a valuation of each asset in the annual review using generally accepted valuation methods, such as the income, market or asset-based approach.
• Works with the sales and fiduciary teams who are proposing new business that includes a closely-held asset. Evaluates ability to accept the asset and helps determine the best plan of administration.
• Works with various internal partners to help support the acquisition, accurate reporting and sale of assigned closely held assets. Involved in the more complex sales of assets and related legal issues.
  
  

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.
• 3-5 years of investment experience preferred or over 2 years of investment experience preferred for MBAs or CFAs.
• Applicable local/regional licenses or certifications as required by the business.
• As global firm, bi-lingual capabilities are helpful as is an understanding of local/cultural nuances important for client trust.
  
  

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 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 $68,000 and $110,000 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.