Responsible for the development of the compliance strategy for the Swap Dealer business. (Swaps/Derivatives to include FX & IRD). FX is a very large part of this coverage area. Take the lead in responding to regulatory exams/inquiries (NFA/CFTC) as well as Internal Audit reviews. Independently contributes to the compliance efforts of the business units and may direct the work of more junior professionals. Responsible for assisting the business units by developing strategies to bring them into compliance with complex regulatory and policy requirements. In partnership with business unit senior managers, responds to and develops compliance reporting and may present reporting to leadership. Based on assessments of controls, advises business units on the implementation of improvements and the completion of appropriate documentation when control changes are made. Analyzes existing and proposed legislation, regulatory announcements and industry practices in order to lead the assigned businesses in developing and implementing procedures to meet existing and upcoming requirements. Assigns analysis activities to more junior 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 development of projects and programs to improve compliance and enhance the control environment. Assesses the effectiveness of current risk prevention and mitigation projects to ensure managers in the assigned business units are equipped with the education to identify and judge the severity of risks. Analyzes control processes to ensure they are in compliance with all applicable laws, rules and regulations. Validates the appropriateness of control processes or contributes to the development of improvements. Guides the assigned business units in implementing improvements. Provides direct input to more junior professionals to improve their understanding of compliance, control and documentation policies. Maintains strong working relationships with outside regulators, government officials and senior business unit managers in order to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Is beginning to lead the development of training and education for the assigned business unit on risk management and compliance requirements. Collaborates with the business unit to develop the appropriate training materials. Assesses the effectiveness of complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses. Prepares complex, comprehensive, risk based reviews of existing and emerging regulatory requirements and provides prompt, focused feedback to business management on concerning issues and control gaps. May contribute to the development of recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively. Contributes to the preparation of complex, time sensitive reporting and appropriately escalates issues to senior management. No direct reports; provides guidance to more junior team members and assigns tasks. Contributes to the achievement of team objectives. Modified based upon local regulations/requirements.
Qualifications Bachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 10-12 years of total work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with the assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.
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 & 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.com/careers.
Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes 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. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York
Internal Jobcode: 85162
Organization: Compliance & Ethics-HR06015
Requisition Number: 1802836