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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. 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 future team member for our VP IWM Portfolio Manager II role located in Philadelphia, PA. Hybrid work available. In this role, you'll make an impact in the following ways:
- Manage a team of Special Asset professionals who administer a diverse, nationwide portfolio of assets owned in fiduciary accounts that includes but is not limited to commercial and residential real estate, mineral interests, tangible assets and mortgage related assets.
- Ensure compliance with all Office of the Comptroller of the Currency (OCC) regulations and BNY policy guidelines. Responsible for ensuring that asset management strategies are applied to each asset by demonstrating a deep understanding of specialty asset management and operational policies and procedures.
- Collaborate with clients, trust counsel, third party affiliates, as well as internal partners such as Wealth Managers, Investment Managers, legal, Risk & Compliance to ensure the successful management of specialty assets.
- Meet with clients and new business prospects to communicate asset management strategy and current market conditions. Implement investment strategies for complex assets consistent with client financial goals and risk tolerance and in accordance with the investment policies/philosophies and procedures and applicable regulations.
- As a subject matter expert, you will develop and share policies and strategies to improve the performance of the Special Assets group. Build necessary processes to enable executive leadership to make informed decisions on changes that impact the portfolio.
- Member of an internal fiduciary oversight committee that is responsible for the approval of annual asset reviews and makes significant investment decisions related to special assets and approves changes to internal policies and procedures.
- Supervise, recruit, direct, motivate, and develop staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
- Contribute to firm profitability by assuring retention and expansion of existing client relationships.
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.
- 10 years of total work experience preferred and over 10 years of investment experience preferred.
- 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 - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
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BNY Mellon
Jun 17, 2025