Director, Business Development

BNY Mellon Capital Markets, LLC; New York (NY); On-site; USD 223,000 - 273,000; Full time

Job summary

A leading financial institution seeks a Director of Business Development to identify new opportunities in Latin America and the Caribbean. This role entails advising clients on strategic initiatives, managing financial risks, and driving revenue growth across various financial products. The ideal candidate will have significant experience in building strong partnerships and utilizing advanced analytics to inform business strategies.

Qualifications

• 10 years of experience in finance and business development.
• Experience in global payments and cash management services.
• Ability to drive revenue production and manage client relationships.

Responsibilities

• Evaluate and pursue new business opportunities in Latin America and Caribbean.
• Advise clients on strategic objectives using firm’s financial solutions.
• Track and report on business development results and market risks.

Skills

Strategic Thinking

Risk Analysis

Client Management

Market Research

Business Development

Education

Bachelor’s degree in Economics, International Relations, or related field

Master’s degree (in alternative)

Tools

Tableau

SWIFT Analytics

Job description

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Job Description

The Bank of New York Mellon seeks a Director, Business Development for its New York, NY location.

Job Description

The Bank of New York Mellon seeks a Director, Business Development for its New York, NY location.

DUTIES: Evaluate and pursue new business opportunities and client prospects within a Banking and non-banking financial institutions in Latin America and the Caribbean, focusing on responsible business growth that is compliant, of acceptable risk and profitable. Analyze areas of potential risk to the assets, earning capacity, or success of organizations. Analyze new legislation to determine impact on risk exposure. Serve in a consultative role to the prospects and clients, advising top leadership on the best way to achieve their short- and long- term strategic objectives through the firms’ global payment, cash management, foreign exchange, trade and trade finance solutions. Determine potential environmental impacts of new products or processes on long-term growth and profitability. Develop contingency plans to deal with emergencies. Document, and ensure communication of key risks. Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments. Pursue advantageous strategic partnerships with third parties in order to better respond to prospects and existing client needs. Coordinate team implementation of firm-wide initiatives. Inform financial decisions by analyzing financial information to forecast business, industry, or economic conditions. Recommend ways to control or reduce risk. Track, measure, or report on aspects of market risk for traded issues. Responsible for achieving organic incremental growth from existing clients. Locate potential prospects for global payments, cash management, Foreign Exchange, trade and trade finance through in-depth industry research and an understanding of the market environment, including short- and long-term trends, competitor offerings, regulatory developments etc. Screen and evaluate prospects by analyzing market strategies, deal requirements, growth potential, financials, and internal firm priorities. Contribute to the development of business unit prospect strategy by utilizing data collected from Tableau and SWIFT Analytics. Identify, co-ordinate and participate in opportunities for enhancing the Company’s visibility. Work with the appropriate functions to develop and market new products, services, solutions and thought leadership concepts. Consult with prospects on their strategic vision and use an in-depth understanding of the firm’s global payment, cash management, foreign exchange, trade and trade finance solutions as well as cross line of business knowledge and value proposition to help achieve that vision. Offer customized product offerings. Develop a negotiation strategy and position to align prospect and client needs to firm offerings. Contribute to and advises on negotiation strategy for Treasury Services. Close new prospects by structuring deals (pricing, contract terms, etc.) that achieve optimal terms for both the client and the firm. Ensure deals are compliant with all regulations. Marshal firm-wide resources (marketing, legal, compliance, etc.) to ensure the most appropriate response to prospect proposals and deal structure. Work closely with related teams (RMs, AMs, CSD) and other firm-wide resources (marketing, legal, compliance, etc.) to ensure all risk management/compliance activities relevant to business development activities are conducted and captured. Track and report on business development results for banking and non-banking financial institutions in Latin America and Caribbean. Build reports for use by senior leaders that identifies trends, opportunities, potential areas of concern, etc. Provide input to leaders for addressing identified issues. Remote work may be permitted within a commutable distance from the worksite.

REQUIREMENTS: Bachelor’s degree, or foreign equivalent, in Economics, International Relations, or a related field, and ten (10) years of experience in the job offered or in a related finance occupation in the financial services industry. Ten (10) years of experience must include: Developing growth strategy for global payments, Foreign Exchange, cash management, trade and trade finance products and services to banking and non-banking financial institutions in Latin America and the Caribbean; Driving regional relationship management team revenue production in order to meet budgeted growth targets across existing mature businesses and new growth initiatives; Managing lending portfolio including primary market exposure including trade finance, working capital loans, letters of credits, and secondary market including trading trade assets and insurance; Selling foreign exchange services and products, including spot, forward, NDF and derivatives to banking and non-banking financial institutions in Latin America and the Caribbean; Performing consultative selling of global payments and cash management products and services including USD, EUR, GBP and other G10 currencies, Bene and credit deduct structures, fullpay, virtual accounts, overnight sweep investments and regular and cross-currencies cash pooling structures; Managing implementations of technology connectivity services including electronic banking and APIs for process automation and ERP integration to improve efficiencies in client operational processes; and Utilizing Tableau and SWIFT Analytics to research and conduct data analysis to inform business decisions and strategic evaluations. In the alternative, employer will accept Master’s degree and eight (8) years of experience in the above-listed skills. Forty percent (40%) travel required, international. Salary Range: $223,686.00 to $273,000.00/yr. Qualified applicants please apply online at https://bnymellon.eightfold.ai/careers and utilize reference code 64983. Please indicate “referral source – advertisement – WEB.”

The Bank of New York Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary/range for this position is expected to be $223,686.00 to $273,000.00 per year at the commencement of employment. 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.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Business Development and Sales

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