Methods, systems, and media for managing dynamic memory are disclosed. Embodiments may disclose identifying nodes with having memory for dynamic storage, and reserving a portion of the memory from the identified nodes for a heap pool. After generating a heap pool, embodiments may allocate dynamic storage from the heap pool to tasks received that are associated with one of the identified nodes. More specifically, embodiments identify the node or home node associated with the task, the amount of dynamic storage requested by the task, and create a heap object in the node associated with the task to provide the requested dynamic storage. Some embodiments involve de-allocating the dynamic storage assigned to the task upon receipt of an indication that the task is complete and the dynamic storage is no longer needed for the task. Several of such embodiments return the de-allocated dynamic storage to the heap pool for reuse.