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.
We’re seeking a future team member for the role of Senior Public Finance Banker to join our Global Markets team. This role is located in New York, NY or Pittsburgh, PA - HYBRID
Role Overview
In this position within our Public Finance team in Global Markets Trading, you will be responsible for sourcing and executing capital market debt transactions from the point of engagement through financial close while providing investment banking solutions for the firm’s public sector & nonprofit clients throughout the country. You will work closely with our sales & trading, underwriting, derivatives and DCM teams to engage public sector clients from across BNY's enterprise to expand our Public Finance footprint.
In this role, you’ll make an impact in the following ways:
- Manage all aspects of Fixed Rate Public Finance including business development, deal execution and management to generate revenue within the space
- Develop financing and strategic advisory transaction ideas
- Market and present the firm’s services to new and existing clients
- Create presentations and plans of finance and responses to request for proposals (RFP’s) and drive the deal execution process
- Ensure all regulatory and compliance measures are followed
- Source, structure, document, and execute municipal bond transactions across the country, as well as select sector specific issuer customers when applicable
- Lead deal identification; generate and evaluate strategic and financing ideas and options for clients
- Execute financing transactions; review numbers (new money, refunding, restructuring analysis and review debt profiles
- Coordinate with internal and external parties to ensure regulatory compliance
- Liaise and leverage internal resources as needed to maximize client delivery
To be successful in this role, we’re seeking the following:
- Bachelor’s degree required
- 7 + years of investment banking experience in public finance preferred
- Track record of understanding and experience within the the municipal bond market
- Previous experience in the following areas preferred : developing financial models to structure bond transactions, performing new money and refunding’s, participating in the execution of senior managed deals including the coordination of all financing team members, due diligence activities, analyzing and structuring debt, analyzing financial legal documentation, presenting financing and credit analysis plans to clients, creating investor presentations. Experience leading municipal bond offerings throughout the transaction lifecycle
- Strong analytical skills, quantitative training and research and experience managing large deal teams and complex financings is advantageous
- Demonstration of the ability to work independently in a highly detail oriented manner
- Strong communication and relationship building skills required
- Established network, reputation and client relationships preferred.
- Project management skills and track record of delivery within a timely manner required
- A strong team player who can guide and mentor junior team members as needed
- Ability to travel for business when required
- Proficient with Microsoft Office (Excel, PowerPoint, Word, etc.)
- FINRA Series 7(grandfathered), 79 or 52 and 63 licenses required, in addition the candidate will need to obtain a Series 50 within 6 months of employment
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 $139,000 and $300,000 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.
About Us
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.
About The Team
Global Markets, through its Foreign Exchange, Derivatives, BNY Mellon Capital Markets, LLC and BNY Mellon Capital Markets EMEA Limited businesses, provides a broad array of products and services for corporate, institutional and high-net-worth investors to choose among various vehicles aimed at protecting principal, providing growth and managing risk.
