BNY Mellon Careers

SrGrpMgr, Compl&Control (Sr. Compliance Manager, Asset Servicing)

New York, New York
Compliance


Job Description

This is a Compliance role covering BNYM's Asset Servicing business.  This business provides services such as custody, transfer agency, fund accounting and other back/middle office administration to investment and insurance clients.  This role provides Compliance oversight of this business activity to ensure that it meets legal and regulatory requirements.
Manages professional staff and more junior managers across multiple regions/jurisdictions responsible for overseeing and managing highly complex, specialized administrative, operational and financial affairs of the Compliance function within the assigned regions/jurisdictions. Directs the team's assessment of regulatory and policy requirements in order to develop programs and projects to improve multi- regional/jurisdictional compliance, and presents program and project recommendations to more senior managers and regional/jurisdictional leadership. Advises on and directs business units within the regions'/jurisdictions' strategy changes to further improve each assigned region's ability to remain in compliance with or become compliant with applicable laws, policies and regulations. Maintains strong knowledge of regional/jurisdictional differences in laws, policies and regulations and appropriately requests the advice of regional/jurisdictional experts, as needed. Uses strong influence and experience within the specialty area of expertise to increase the likelihood that compliance strategy changes are appropriately implemented in a timely manner by the regional/jurisdictional business units. Contributes to the establishment of the overall compliance strategy and is responsible for appropriately directing the implementation of the strategy within the assigned regions/ jurisdictions. Directs the team's complex, detailed analysis of existing and proposed legislation, regulatory announcements and industry practices within the region/jurisdictions in order to identify opportunities for alignment with the global compliance strategy and areas where region/jurisdiction-specific strategies are needed. Leads teams of professionals specializing in multiple compliance focuses. Directly influences the ways in which business units within the region/ jurisdiction implement approved procedures to meet requirements to ensure alignment with industry best practice methodology. Directs and manages the assessment and validation of specialized control processes to ensure compliance with laws, rules and regulations. Directs efforts to develop a strong compliance culture among senior business unit managers and increase organizational awareness of compliance roles and responsibilities within the assigned region/ jurisdiction. Develops tools for senior business unit managers' use in explaining the compliance strategy and expectations among their teams. Uses strong, longstanding relationships with senior business unit managers to increase the likelihood of timely completion of compliance activities and responses to reports issued by regulatory agencies or audit. Maintains strong relationships with regulators and government officials and appropriately escalates high impact issues raised by these contacts to more senior managers or leadership. Independently addresses issues with a moderate risk level and some potential financial impact for the organization. Recruits, directs, motivates and develops professional staff and more junior managers, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team and/or lead. Provides feedback at the most critical times. Directs staff and more junior managers across multiple regions/jurisdictions responsible for assessing the effectiveness of highly complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting regional/jurisdictional BNY Mellon businesses. Directs the team's completion of comprehensive, risk based reviews of existing and emerging regulatory requirements and provision of prompt, focused feedback to business management on concerning issues and control gaps. Implements corrective action and issue tracking to ensure resolution efforts proceed timely and effectively. Is responsible for the accuracy of reporting produced by the team and the appropriately escalation of the most significant issues to senior management. Manages teams of professional staff and more junior managers across multiple regions/jurisdictions. Responsible for the achievement of goals and objectives across multiple regions. Ensures regions are equipped to operationalize and attain regional objectives. Ensures appropriate financial and human resource allocation. Modified based upon local regulations/requirements. 

Qualifications

Bachelor s degree or the equivalent combination of education and experience is required. MBA, JD or professional certification preferred. 12-15 years of total work experience, with 3-5 years of management 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: 85168
Job: Compliance
Organization: Compliance & Ethics-HR06015
Requisition Number: 1805330