BNY Director Interview Questions and Answers

BNY Mellon generates revenue primarily through fees for asset management, custody services, and investment services.

• Asset management fees from managing investments for clients

• Custody service fees for safekeeping and administration of client assets

• Investment service fees for providing investment advice and executing trades

• Interest income from lending and other financial services

Product asset servicing involves managing and maintaining assets throughout their lifecycle.

• Product asset servicing includes activities such as tracking, maintenance, and disposal of assets.

• It ensures that assets are utilized efficiently and effectively to maximize their value.

• Examples of product asset servicing include inventory management, equipment maintenance, and asset retirement planning.

I am currently working as a Project Manager in a software development company.

• Leading a team of developers and ensuring project deadlines are met

• Managing stakeholder expectations and communication

• Handling project budget and resource allocation

• Adapting to changing project requirements and priorities

I implemented a new cost-saving strategy, renegotiated vendor contracts, and optimized inventory management.

• Implemented a new cost-saving strategy by streamlining processes and reducing unnecessary expenses

• Renegotiated vendor contracts to secure better pricing and terms, resulting in significant cost savings

• Optimized inventory management to reduce excess inventory and minimize carrying costs