Overview Overview of BNY Mellon: BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.
Team Description: (Overview of the team) Risk and Compliance provide risk and compliance services across all BNY Mellon businesses including the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. In the America's Compliance is split into four pillars; Business Compliance, Compliance Testing, Financial Crimes Compliance and Enterprise Governance. Business Compliance provides the second line of defense for compliance and regulatory issues for all lines of business in the America's assisting the business through regulatory requirements, best practices and regulatory relationships.
Job Purpose: (What the job role involves) This Business Compliance Officer (BCO) role is to support the BNY Mellon Corporate Trust line of business in the America's by ensuring their compliance with regulatory requirements and corporate compliance policies. They will play a key role in the day-to-day activities of the Business Compliance team in relation to regulatory transformational projects, Business Acceptance, strategic programs.
In addition, the BCO Compliance Officer will represent Compliance at senior internal business/governance forums and external meetings, as required. The role requires providing guidance and advice to key stakeholders in the first and second lines of defense on a wide range of topics, including compliance, regulatory and operational elements of Corporate Trust products, services, roles and responsibilities.
Responsibilities: (Key parts to the job role) - Provide accurate and timely technical advice and guidance to business/business partner colleagues on regulatory compliance and operational issues.
- Maintains strong working relationships with senior business unit managers in order to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities
- Analyze existing rules, regulations, consultative papers and other regulatory announcements and industry practices to ensure the Corporate Trust business is in compliance with current requirements.
- Evaluate control processes to ensure they are designed to mitigate risks arising from applicable laws, rules and regulations and are operating effectively; work with the business to design, implement and document improvements to those controls, where necessary.
- Provide input to the strategic direction of the BCO responsibilities
- Undertake Compliance Risk Assessments for Corporate Trust and collaborate with the business to remediate residual risks and control weaknesses
- Support the business and provide challenge on all other assessments that impact the business.
- Provide constructive challenge within meetings regarding relevant regulatory requirements.
- Contributes to the development of projects and programs to improve compliance and enhance the control environment.
- Participate in or lead the development and delivery of Compliance related training.
- Provide support to the Business and Compliance Testing and Audit teams at the appropriate stages of Compliance Testing and Audit reviews. This comprises sharing of information with Compliance Testing and Audit colleagues regarding the business lines and/or regulatory themes they are planning to review and assisting the Business in designing and implementing any corrective action identified through the testing or audit reviews.
- Contribute to the preparation of time sensitive reporting and appropriately escalate issues to more experienced professionals.
- Contributes to the establishment of key risks indicators (KRIs) and tracking and reporting methodologies as part of a standard system of measurement and reporting.
- Contributes to the achievement of team objectives.
- Other duties as required
Requirements; (what we are looking for) Qualifications: Bachelor's degree or the equivalent combination of education and experience is required. Business, Law or Finance degree preferred. Paralegal, MBA or Law degree a plus.
Industry compliance qualifications/Professional qualifications
Technical Competence & Experience: - Prior experience 10-12 years of total work experience preferred.
- Compliance, Financial Services, Audit, Legal or Operations background and/or experience with Corporate Trust products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators required.
- Solid understanding of financial services products and operations
- Relevant technical knowledge of US regulatory framework
Key Competencies and skills: - Focused attitude to work with the ability to meet deadlines while ensuring attention to detail and high level of accuracy.
- Excellent interpersonal and communication skills with senior business management
- An ability to provide strategic leadership within the immediate team and wider Compliance group.
- An ability to provide effective and constructive challenge.
- Strong analytical skills, detail focused; ability to identify patterns or connections between situations that are not obviously related and to determine key underlying issues in complex situations.
- Ability to think pragmatically and proactively suggest solutions.
- Team player and flexibility in a fast-paced environment
- Articulate and able to represent Compliance to senior business personnel and external stakeholders with confidence.
- Excellent writing and presentation skills
- Intermediate to Advanced Computer Skills and Aptitude (MS Products, SharePoint, Teams)
Employer Description:
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 and 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.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.