Sr. Compliance Principal- AML & FinTechs

Job Description

This is a Compliance role advising BNY Mellon's Treasury services business on the Compliance aspects of its expansion into the FinTech & Emerging Payments sector.  Advisory areas will include Anti-Money Laundering, Fraud, and other applicable regulatory dimensions.  
Responsible primarily for but not limited to the development of the compliance strategy for the Treasury Services (global payments/liquidity/correspondent banking/trade). Advises on the compliance efforts of the business units and may be required to direct the work of more junior professionals.  Responsible for assisting the Treasury Services and other business units by developing strategies to bring them into compliance with highly complex regulatory and policy requirements that may include designing new and improved, innovative control requirements, policies and processes. Subject matter expertise required includes familiarity with evolving global payment based innovation and disruption that enable faster and more transparent transactions.  Partners with business unit and key business partners such as Risk and Legal to conduct due diligence on new client segments, products and services. In partnership with business unit senior managers, may respond to and develop compliance reporting and present 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. May be required to assign/coordinate analysis activities to more junior professionals. Contributes to the establishment of key risks indicators (KRIs) and tracking and reporting methodologies as part of a standard system of measurement and reporting. 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. Recommends areas and topics where further education is needed based on assessments and implements approved education activities. 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 in the global payments and correspondent banking space to validate the appropriateness of control processes or direct the development of improvements. Directs the assigned business units in implementing improvements. Provides direct input to professionals in the Treasury Services and other businesses to improve their understanding of compliance, control and documentation policies. Uses strong working relationships with outside regulators, government officials and senior business unit managers to influence compliance activities across multiple business units, ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Leads the development of training and education for the assigned business units on risk management and compliance requirements. Guides business unit management on appropriate methods for assessing education needs and determining the appropriate materials to be developed. Assigns material development tasks to more junior professionals. Directs less experienced professionals 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. No direct reports; provides guidance to more junior team members and assigns tasks. Directs the achievement of multiple teams' objectives. Modified based upon local regulations/requirements.  


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.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Primary Location: United States-New York-New York
Internal Jobcode: 85163
Job: Compliance
Organization: Treasury Services CAO-HR07164
Requisition Number: 1911091