BNY Mellon Careers
Senior Specialist, Compliance & Control
Country/Entity Compliance Officer – Role & Responsibilities
§ Individual will serve as the Deputy Compliance Head and will provide compliance oversight and support covering all the Business activities within the Branch/Singapore Entities and Representative Offices;
§ Partner with the Branch Manager/Chief Representatives, Business and other Business Partners to ensure that the Bank’s Reputation and Franchise is protected by developing and implementing an effective annual Country Compliance Plan that covers all Business;
§ Working closely with the Local Business Management Team to ensure that the Local Regulatory Governance structure exists and is functioning as intended and assured compliance with applicable U.S. and Local Laws & Regulatory requirements vis-à-vis business activities conducted in each jurisdiction;
§ Work with Business to identify and address compliance–related issues in new products and services and changes to existing ones, where applicable;
§ Assist in the review of advertisements, brochures, lobby notices, signs and other promotional materials, to ensure their compliance with local disclosure laws & regulations, where applicable;
§ Participate in Local Oversight and Management Committees including alerting Local Business Management Team to compliance issues and gaps and working with management to resolve them;
§ Provide consultation and guidance to Business on Compliance-related Corporate Policies including assisting Business to establish and maintain local compliance-related procedures (eg. SOPM);
§ Monitor Business compliance activities by conducting risk-based compliance monitoring reviews;
§ Act as key regulatory interface including to coordinate regulatory examinations, serving as point person for examinations and responses;
§ Develop, implement and conduct general & specific Compliance Training programs for all new and existing employees, covering applicable U.S. and Local Laws & Regulations including Compliance-related Corporate Policies;
§ Coordinate with Legal and Business to identify legal and regulatory issues and requirements, as necessary;
§ Coordinate with Asia Compliance office to ensure timely dissemination of new/updated Compliance-related Corporate Policies and U.S. Laws and Regulations;
§ Work closely with Regional AML and Business to ensure Corporate and Local AML requirements including necessary AML surveillance & monitoring procedures and processes are complied with in each Branch;
§ Work with the respective Business to ensure business awareness of immediate escalation of significant emerging Compliance issues – “No surprises”;
§ Continue to work with the respective Business to ensure the 72hrs Incident Reporting Process is adhered to and ensure necessary suspicious activity report is filed with appropriate local authorities;
§ Work with Business to ensure OFAC alerts are timely escalated to compliance to ensure appropriate review and handling;
§ Ensure Global Compliance Management System data is timely maintained, current and is complete.
- Degree holder; professional qualification preferred
- Minimum 8 years relevant work experience in a Banking environment.
- Experience and knowledge of the compliance function within a banking and/or financial institution or regulatory organization
- Markets knowledge and/or knowledge of Singapore and U.S. regulations preferred
- Excellent verbal and strong written communication skills
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 Employer.
Primary Location: Singapore-Singapore-Singapore
Internal Jobcode: 85161
Organization: Compliance & Ethics-HR06015
Requisition Number: 1807262