The Control Manager (CM) is responsible for assisting the General Manager (GM) in developing, implementing, maintaining, monitoring and promoting a robust compliance environment, while ensuring internal policies and procedures are current and comply with local best practices, Bank policies and regulatory requirements in order to discharge the fiduciary and statutory responsibilities of the company as it relates to BNY Mellon Cayman s trust license and administrator license. The position requires in depth knowledge and skills in the areas of risk management, compliance and anti-money laundering regulations, privacy laws and best corporate governance practices as it relates to the fund industry with a focus on institutional trust business and the relevant legal and regulatory environment to successfully assist with the management of the company s business and risk mitigation efforts. Key Areas of Responsibilities include: Responsible for the development, implementation, maintenance and monitoring of oversight programs to monitor work practice are performed in line with procedures to ensure execution of fiduciary and regulatory obligations are met and identify, assess and mitigate areas of fiduciary and regulatory risk. Assist and support the teams in developing new internal procedures as well as drafting of procedural manuals. Responsible for the maintenance of the risk management database. Assist with the development, implementation, maintenance and monitoring of AML processes and due diligence procedures on fund sponsors, investors and service providers contracted with the Company in its capacity as trustee and administrator. Responsible for the development, implementing, maintenance and monitoring of local Compliance policies and procedures in line with the Cayman Islands Regulations and BNY Mellon s AML policies so as to maintain a solid compliance environment that is current. Responsible for performing role as Deputy Money Laundering Reporting Officer and related duties. Responsible for the development, implementation and maintenance of data protection governance framework, policies and procedures, incorporating appropriate technical and organizational measures, to ensure compliance with Cayman Data Protection Laws and General Data Protection Regulations ( Legislation ) Responsible for ensuring procedures and controls are up to date and are also in line with the Cayman Islands AML Regulations and BNY Mellon s AML policies, and monitoring their implementation Act as Data Processor Officer and provide advice and best practices for data control and maintenance and monitor issues, their resolution and delivery of consistent communications relating to Data Protection and information security Determine the purposes and means of the processing of personal data under relevant Legislation and demonstrate compliance with Legislation as required Define and arrange delivery of Data Control & Protection and security awareness training to all staff. Keep abreast of changes to local Regulations and inform local management and relevant sister offices of changes that will impact duties and responsibilities. Assist in maintaining and implementing a staff AML training and awareness program. Experience in the management of regulatory and procedural projects to lead in any local regulatory driven transformation projects. Liaise with legal advisers, investment managers, regulators, affiliated delegates. Maintain and monitor Cayman Trust work practices and procedures to ensure BNYM Cayman s execution of its fiduciary obligations and be able to identify and mitigate areas of fiduciary and regulatory risk. Responsible for the development, implementing, maintenance and monitoring of local Compliance policies and procedures in line with the Cayman Islands Regulations and BNY Mellon s policies so as to maintain a solid compliance environment that is current. Responsible for maintaining and updating the RCSA database. Propose Risk Management enhancement where necessary and liaise with Risk management when needed. Assist with the preparation of Risk Management reports to local management. Responsible for the development, implementation and maintenance of data protection governance framework, policies and procedures, incorporating appropriate technical and organizational measures, to ensure compliance with Cayman Data Protection Laws and General Data Protection Regulations ( Legislation ) Keep abreast of changes to local and overseas regulations and assess impact to local operations and to operations of affiliates. Provide timely reporting to local management, staff and BNY Mellon Compliance where necessary.
Bachelors Degree preferred. Minimum 6-8 years experience.
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.
BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.BNY Mellon is an Equal Employment Opportunity Employer. Primary Location:
Cayman Islands-Grand Cayman- Job:
Asset Servicing Internal Jobcode:
AS Global Front Office-HR16987 Requisition Number: