Senior Principal Compliance and Control

Job Description

The jobholder is a member of the Compliance and Ethics function in Ireland, supporting the activities of BNY Mellon in Ireland and reporting directly to the Country Compliance Officer (PCF15).

The jobholder is the Senior Compliance Officer responsible for providing regulatory compliance advice to the BNY Mellon Irish entities, in particular BNYM Fund Services Ireland Designated Activity Company.

The job holder will act as deputy to the CCO.


Key Responsibilities

 In conjunction with the CCO, assessing the compliance risks faced by the Businesses and helping the Businesses to ensure that they are appropriately managing those risks in compliance with applicable laws, regulations and BNY Mellon policies and standards.

 Directing and overseeing advisory work completed by more junior professionals within the team in relation to the Businesses.

     Developing timely and accurate Compliance Reporting (including Key Risk Indicators) in relation to the
Businesses for presentation at Compliance and Business Governance Committees.

 Participating in industry associations and building relationships with compliance professionals at peer institutions as appropriate.

 Analysing existing and proposed legislation, regulatory announcements/enforcements and industry practices in order to assist the Businesses in developing and implementing procedures to meet current and upcoming requirements.

Developing and maintaining strong working relationships with senior management, in particular the BNYM FS
DAC CEO, advising on issues and escalating concerns where appropriate.

 Assessing the compliance training needs of personnel within the Businesses and assisting in the creation and delivery of such training.

 Assisting in the development of Business’ strategy for analysing control processes to ensure they are in compliance with all applicable laws, rules and regulations.

 Contributing to the local and regional compliance programme including rule/control mapping, periodic compliance risk assessment, policy development, awareness and training, regulatory liaison, regulatory change management, compliance monitoring and testing and compliance reporting as relevant to the Businesses.

 Providing second line of defence advice and challenge to Businesses in the context of new deals and the development of new products and services.

     Assisting Businesses in relation to any compliance related corrective actions from time to time.

Using strong working relationships with Regulators and senior Business managers to influence compliance activities across the Businesses to help ensure the timely delivery of information and increase the likelihood of favourable conditions for compliance activities.


 Attending Business related Risk and Controls Meetings and New Business Acceptance Meetings as appropriate.

 Liaising with colleagues/peers in other jurisdictions on Regional Compliance programme matters and issues of common interest; representing the Ireland Compliance function in a leadership capacity as appropriate.

 Escalating issues with a local, regional or global impact promptly to senior management. Presenting reports and representing Compliance at senior governance fora

 Any such other duty as requested by the Country Compliance Officer in fulfilment of the function’s responsibilities.

Key role requirements
Bachelor’s degree or the equivalent combination of education and experience is required along with strong understanding of key regulations relevant to the Businesses, including but not limited to UCITS V, AIFMD, PSD2 and MiFID2.




 10+years of experience preferred. Compliance, Legal, Risk or Audit experience in a Financial Services environment and/or experience with the relevant products, services or business lines and the laws, regulations and rules of relevant regulators preferred; Ability to work in calm, professional manner in an environment of change and under pressure
     Strong Analytical skills and problem solving abilities
     Strong planning skills
     Excellent communication and interpersonal skills
     Ability to work well within a team environment
     Proven sound judgment
     Ability to take on and complete tasks with minimal oversight
     Experience of working in a global firm an advantage
     Experience of working with regulatory bodies an advantage.
     Awareness of US and other foreign (e.g. Belgian) rules an advantage
      Proven leadership abilities with experience of reporting to senior management and governance fora

Governance Responsibilities
The jobholder of this role is deemed to be performing a Controlled Function (“CF”) as defined in the Central Bank Reform Act 2010 and the job holder is required to meet and maintain the Standards of Fitness and Probity outlined in the code issued by the Central Bank of Ireland pursuant to section 50 of the Act.

Generic Staff Responsibilities
 Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
     Alert management including the CCO, EMEA Head of Advisory Compliance and / or the EMEA Chief
Compliance Officer immediately of any significant changes to Business risks and internal control effectiveness.
     Notify management and/or the CCO immediately on discovery of any material regulatory breach.
       Comply with all Security and Health & Safety policies and procedures operating within the business.

Shared Values and Core Competencies (required for all roles)
1.   Client Focus:  Putting the client at the centre of all that we do
2.   Integrity:  Acting with the highest ethical standards for our company, our employees and our clients
3.   Teamwork:  Fostering collaboration and diversity to empower employees to build relationships and deliver insights
4.   Excellence:  Setting the standard for leading-edge solutions, innovation and continuous improvement


Core Competencies:-
1.   Global Acumen - Developing and incorporating an understanding of the competitive global  business environment as well as an awareness of economic, social  and political trends that impact the organization’s global strategy
2.   Establishing Strategic Direction - Establishing and committing to a long-range course of action to accomplish a
long-range goal or vision after analyzing factual information and assumptions taking into consideration resources, constraints and organizational values
3.   Developing Strategic Relationships - Using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with business partners (e.g., peers, functional partners, external vendors and alliance partners)
4.   Building Organisational Talent - Attracting, developing and retaining talented individuals. Providing timely
coaching, guidance and feedback to help others maximize their potential and meet key accountabilities. Using appropriate methods and interpersonal styles to develop, motivate and guide a team toward successful outcomes and attainment of business objectives
5.   Change Leadership - Continuously seeking (or encouraging others to seek) opportunities for different and innovative approaches to addressing organizational problems and opportunities
6.   Client Orientation - Cultivating strategic client relationships and ensuring that the client perspective  is the driving force behind all value-added business activities
7.   Driving Execution - Translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources and systems to ensure effective implementation and delivery of required results

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Ireland-Dublin-Dublin
Job: Compliance
Internal Jobcode: 85163
Organization: Compliance & Ethics-HR06015
Requisition Number: 1906874