BNY Mellon Careers

SrPrin, Compl&Control (Compliance Officer, Investment Management)

New York, New York

Job Description

Responsible for the development of the compliance and risk strategies for the Bank’s Collective Investment Trust (bank funds) business, managed by Investment Management. Advises on the compliance efforts of the business units and directs the work of more junior professionals. Responsible for reviewing work completed by more junior professionals to confirm accuracy, timeliness and completeness. Responsible for assisting the business units by developing strategies to bring them into compliance with highly complex regulatory and policy requirements. In partnership with business unit senior managers, legal, IT and the business CEO, responds to and develops compliance reporting and presents 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. Directs analyses of 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.. Develops projects and programs to improve compliance and enhance the control environment. Directs the assessment of the effectiveness of current risk prevention and mitigation projects to ensure senior managers in the assigned business units are equipped with the education to identify and judge the severity of risks. Develops the assigned business units' strategy for analyzing control processes to ensure they are in compliance with all applicable laws, rules and regulations.. Uses strong industry experience to validate the appropriateness of control processes or direct the development of improvements.. Uses strong working relationships with outside regulators, government officials and senior business unit managers to influence legal and compliance activities across multiple business units, ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Leads in assessing the effectiveness of highly complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses throughout the world. Prepares and may deliver complex, comprehensive, risk based reviews of existing and emerging global regulatory requirements and provides prompt, focused feedback to business management on concerning issues and control gaps. Independently develops recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively. Prepares highly complex, time sensitive reporting and appropriately escalates issues with a potentially global impact to senior management. Directs event analyses, including confirmed losses, breakdowns in control and 'near misses' to identify root causes of the control failures. Contributes to the design and implements approved remedial solutions. One direct report; Directs the achievement of multiple teams' objectives.  


Bachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 15-18 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.
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: 85163
Job: Compliance
Organization: Compliance & Ethics-HR06015
Requisition Number: 1816336