BNY
Vice President, Tax Management I
BNY, New York, New York, us, 10261
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 tocreate 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.
We’re seeking a future team member for the role of Vice President, Tax Management, Product Management and Development to join our Asset Servicing Tax team. This role is located in the New York City location - Hybrid work schedule.
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. Contribute to the oversight of the CRS/DAC6 policy and governance framework within BNY. 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 5 years’ experience in financial service / tax product-based roles in complex, enterprise environments. Preferred 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.
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 - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $66,000 and $147,000 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.
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. Contribute to the oversight of the CRS/DAC6 policy and governance framework within BNY. 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 5 years’ experience in financial service / tax product-based roles in complex, enterprise environments. Preferred 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.
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 - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $66,000 and $147,000 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.