BNY Mellon: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

BNY Mellon Careers & Info

CEO: Thomas P Gibbons

Status: Active

Bank of New York Mellon originated in 1784. In 2007, a merger between Mellon Financial Corporation and The Bank of New York Company, Inc. resulted in the Bank of New York Mellon. The company helps clients with investment management and financial assets. The bank opened for business with only $500,000 in capitalization. The current financial status of Bank of New York Mellon indicates that the company has $26.3 trillion of assets under custody. Only $1.3 trillion of assets are under management.

Bank of New York Mellon helps organizations improve operating efficiency, build assets, enhance performance, and reduce their risk by offering viable solutions. The solutions include a wide range of sophisticated investment and wealth management solutions. Bank of New York Mellon has recruited impressive leadership to lead the company towards success. Two leaders played an instrumental role in the development of the American government and the economy. Alexander Hamilton played a key role in the bank and was a member of George Washington’s first cabinet. Andrew Mellon was appointed U.S Secretary of the Treasury for three different United States Presidents.

The bank has seen its share of acquisitions and mergers throughout its history. In 1922, the bank merged with New York Life Insurance and Trust Company. Bank of New York Mellon acquired Fifth Avenue Bank in 1948. In the 1990s, the bank acquired Putnam Trust Company and National Community Banks in New Jersey. In 2003, the Pershing LLC was acquired by the company. At the same time, the Lockwood Financial Services was integrated with Pershing LLC, bringing total assets to $18 billion.

In 2006, the company swapped their retail and small business banking network for the corporate trust unit of J.P. Morgan Chase and Company. Bank of New York business was valued at $3.1 billion at the time of the swap and J.P. Morgan Chase was valued at $2.8 million. A merger in 2006 officially changed The Bank of New York and Mellon Financial Corporation to The Bank of New York Mellon Corporation. The merger made the bank the world’s largest securities service provider.

BNY Mellon careers are rated average. Working at Bank of New York Mellon has its benefits. The BNY Mellon culture supports philanthropy in the community in addition to its financial pursuits. The bank ranks high in terms of non-discrimination. The Bank of New York Mellon benefits program protects its employees’ health and helps to protect their financial security.

What jobs pay the most at BNY Mellon?

Managing Director is the highest paying job at BNY Mellon at $225,000 annually.