BNY Mellon Careers

Sr Group Manager, Compliance & Control

Brussels, Belgium
Compliance


Job Description

 

Position Summary:

Manages professional staff and more junior managers responsible for performing the Annual Compliance Monitoring plan using a risk-based approach and covering the risks associated to the services offered by The Bank of New York Mellon SA/NV (or ‘BNYM SA/NV’), its branches and subsidiary. Directs the team's assessment of regulatory and policy requirements in order to develop Compliance Monitoring programs and projects to improve multi- regional/jurisdictional compliance, and presents program and project recommendations to more senior managers and regional/jurisdictional leadership. 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 present or support supervised staff with the presentation of the results of Compliance Monitoring activities to senior managers of both the business units and legal entity senior management.

Primary Responsibilities:

  • Driving the Annual Compliance Monitoring plan built using a risk-based approach and covering the services (i.e. Asset Servicing, Corporate Trust, Markets) offered by The Bank of New York Mellon SA/NV (‘BNYM SA/NV), its branches and subsidiary to ensure compliance with the regulations covered under Belgium NBB and FSMA circulars on the Compliance function (NBB_2012_14 and FSMA_2013_08) with respect to conduct rules (e.g. Market Abuse Regulation, MiFID, organization rules including exercise of external mandates by senior managers, etc.) and other regulations applicable to the entities’ services (e.g. EMIR, Special tax Fraud Mechanisms, AIFMD, UCITS, etc.). AML, Client Asset Protection and Data Privacy matters are not part of the responsibilities covered by this role as overseen by separate Compliance Monitoring teams.

  • Ensures that the Annual Compliance Monitoring Plan is completed during the year and executed in accordance with the Global Compliance Monitoring Methodology.

  • Leads a team of Compliance Monitoring professionals and directs and oversees the assessment and validation of specialized control processes by the team to ensure compliance with laws, rules and regulations.

  • Directs efforts to develop a strong compliance culture among senior business unit managers within the assigned region/ jurisdiction.

  • Uses strong, longstanding relationships with senior business unit managers to increase the likelihood of timely completion of compliance Monitoring activities. Escalates high impact issues raised as part of Compliance Monitoring activities to more senior Compliance, business and legal entity senior managers.

  • 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 jurisdictions responsible for assessing the effectiveness of highly complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting regional/jurisdictional businesses of the BNY Mellon SA/NV, branches and subsidiary. 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.

  • Responsible for the accuracy of reporting produced by the team and the appropriately escalation of the most significant issues to senior management.

Leadership:

Manages teams of professional staff and more junior managers across jurisdictions the case may be.

Reports into the BNYM SA/NV Head of Compliance while being part of an EMEA Compliance Monitoring team.

Job Scope:

  • Responsible for the achievement of goals and objectives related to the establishment and completion of the Annual Compliance Monitoring plan with respect to conduct rules (e.g. Market Abuse Regulation, MiFID, organization rules including exercise of external mandates by senior managers, etc.) and other regulations (e.g. EMIR, Special tax Fraud Mechanisms, AIFMD, UCITS, etc.) applicable to the services offered by BNYM SA/NV, its branches and subsidiary. AML, Client Asset Protection and Data Privacy matters are not part of the responsibilities covered by this role as overseen by separate Compliance Monitoring teams.

  • Manages a team of Compliance Monitoring Officers and ensures appropriate human resource allocation in conjunction with other teams based within the region.

  • Comply with all BNY Mellon corporate values, policies and procedures, including HR policies and procedures, applicable to BNY Mellon

  • Alert Compliance and business management immediately of any significant deficiencies identified in the control environment identified as a result of Compliance Monitoring Responsibilities.

  • Complete all mandatory training and ensured any external training undertaken has been recording in the training system (Saba) and obtain or maintain all qualifications that may be required in order to perform the role.

 

Qualifications

Education:

Bachelor’s degree or the equivalent combination of education and experience is required. MBA, or professional Compliance certification preferred. 

Experience and Soft Skills:

  • 10 years + of total work experience, with 3-5 years of management experience, preferred.

  • Thorough knowledge of the Belgian and European regulatory environment applicable to Belgian credit institutions and Assimilated Settlement Institutions.

  • Compliance or Audit experience in financial services, and/or experience with the assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.

  • Excellent written and verbal skills in English, Dutch and/or French. Ability to interpret National Bank of Belgium regulations/circulars/letters.

  • Well-developed inter-personal and communication skills with the ability to interact effectively with all levels of staff up to senior management.

  • Strong management, problem-solving, negotiation and persuasive skills.

  • Ability to collaborate with different teams based in several jurisdictions.



BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Belgium-Brussels-Capital Region-Brussels
Job: Compliance
Internal Jobcode: 85168
Organization: Compliance & Ethics-HR06015
Requisition Number: 1904150