BNY offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.
With over 240 years of rich history and industry firsts, BNY has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what is all about.
We’re seeking a future team member in the role of Specialist to join our Corporate Insurance team. This is a VP level role, offering hybrid work flexibility. The position will report to our office headquarters in NY.
Overview
Insurance Specialist provides insurance industry knowledge for assistance with the development and renewal of all corporate and subsidiary insurance programs. The Specialist will provide assistance for insurance policy coverage conditions and premium renewals. The individual will work independently to accomplish his/her own assigned workload and collaborate with other members of the group to ensure compliance with approved insurance industry standards. The individual in this role will assist to identify the risks of the organization and do what is necessary to place insurance coverage to offset those risks and be accountable to deliver support and guidance to all corporate lines of business, sectors, regions, and legal entities on various types of insurance coverage. This individual will be expected to provide back-up support for all members of the insurance group and will be responsible for managing selective insurance coverage. No direct reports.
In this role, you’ll make an impact in the following ways:
Assist Head of Corporate Insurance in negotiations with insurance brokers and underwriters for the placement of renewals and new polices.
Assist Head of Corporate Insurance by gathering underwriting submission materials for corporate and subsidiary insurance placements.
Assist with BNY Captive Insurance Company management.
Assist in the placement and renewal process of the Casualty Insurance Program (Workers Compensation, General Liability, Auto Liability, and Umbrella Liability) and/or Financial Lines.
Review insurance contracts and requirements for third party vendors, as well as lease agreements.
Liaison with 1LOD on Risk Management Protocols and tracking of KRIs/KPIs for RCSA.
Fulfill 1LOD requests as it relates to Corporate Insurance group within CAO.
Maintaining and updating various insurance schedules to capture carrier, broker, and policy information.
Ability to work independently and manage multiple projects and priorities to accomplish deliverables on a timely basis.
Effective team player with proven track record of collaboration and coordination with other business areas.
Self-starter with ability to take initiative and eager to learn.
Proven organizational and communications skills (both verbal and written).
Proficiency in Microsoft Excel, Word, and PowerPoint.
Bachelor's degree in finance, accounting, or business and 5+ years of total work experience in the insurance industry required.
At BNY, our inclusive culture speaks for itself. Here’s a few of our awards:
Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion
Bloomberg’s Gender Equality Index (GEI)
Best Places to Work for Disability Inclusion , Disability: IN – 100% score
100 Best Workplaces for Innovators, Fast Company
Human Rights Campaign Foundation, 100% score Corporate Equality Index
CDP’s Climate Change ‘A List’
Our Benefits
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 that can support you and your family through moments that matter.
BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $100,000 and $120,000 base salary 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 The Team
Global Operations is a client-service-driven organization whose talented and engaged team is dedicated to providing the most competitive services with the highest standards of ethics, quality and efficiency to our clients worldwide.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Sales and Business Development
Industries
Financial Services
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