BNY Mellon Careers
Sr Specialist, Surveillance
Authentic, innovative and results-driven? Raise your hand if that sounds like you!
We’re looking for an amazing individual to join our growing team. The longevity of our firm is a testament to its strength and stability. Your ability to contribute fresh and diverse perspectives in a team-based environment will usher us into future and take us to the next level.
As the fastest growing RIA custodian in the U.S., BNY Mellon’s Pershing Advisor Solutions offers a fast paced environment and dynamic culture where “client first” is paramount. We serve advisory firms who are professionally managed and growth oriented, supporting high net worth and ultra-high net worth investors who lead complex financial lives.
Our commitment to career growth and mobility is at the core of our people oriented culture, as evidenced by our tenured staff. We welcome the opportunity to speak with you!
Serves in a key position on BNY Mellon Pershing’s Advisor Solutions team, responsible for the design, governance and execution of surveillance and risk management protocols for independent registered investment advisor (“RIA”) firms, multifamily offices, advisors in transition and other key channels within the Financial Services space. Works collaboratively throughout the broader BNY Mellon enterprise, partnering with Business Development, Capital Markets, Client Service, Operations, Credit Risk and Trading.
Responsibilities include the design and oversight for a suite of surveillances designed to detect behaviors that may violate regulatory requirements, enterprise-wide risk management framework or internal policies and procedures. This includes the escalation and appropriate resolution of detected anomalies across trade surveillance, electronic communications, AML, due diligence and transaction monitoring. Responsible for trade monitoring for client trading activity to detect potential market abuse/manipulation practices. Must be proficient in the use of surveillance tools/methods to research alerts generated across different asset classes including but not limited to Fixed Income, Options and Equities.
Must be familiar with the process for all surveillance reviews and be able to perform all key steps (assessing scope and severity of the activity, retrieving and analyzing data, partnering with all relevant internal groups, escalating alerts as needed to the correct internal teams, assessing and reporting on any issues identified). In addition collaborating and working with other areas within the organization, as necessary; and keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
Possesses a strong analytical background and research capabilities to analyze large amounts of trading data, while able to tailor the communication approach (written reports, presentations, etc.) to fit the audience (Senior Leadership, Compliance, Internal Audit, Trading and Operations). Participate in, contribute to and drive projects to enrich current suite of surveillance reports and models. Evaluate and explore surveillance methodologies used by the trade surveillance team to optimize and partner with technology and clients to maximize the efficiency of current reviews.
Monitors and audits the firm's transactions and analyzes and reviews the organization's activities. Serve as a consultant and advisor in conducting high-level, high-visibility and potentially sensitive analyses and reviews. Serve as an expert for management in areas related to market compliance and trade surveillance. Reviews documents, schedules, account/transactional activity and narrative materials; conducts analyses; develops findings; and formulates conclusions about compliance with statutory and regulatory requirements. Prepares authoritative and meaningful written reports with visuals, including evaluative commentaries appropriate to the matter being reviewed. Provides guidance on exceptional issues encountered during audits, including providing evaluations, assessments and suggested responses to the matter.
Serves as organization's advisor on regulatory programs. Applies advanced knowledge to interpret and recommend resulting procedures and policies. Designs, develops and proposes new procedures and methodologies for addressing requirements, particularly market activity abuses. Serves as resource for design and implementation of organization's training, ensuring that training provides up-to-date information in a fast-changing environment.
No direct reports, provides guidance to other team members as needed. Opportunity to directly engage with clients and industry partners via phone, industry conferences and seminars/webinars. Contributes to the achievement of team goals.
QualificationsBachelor s degree or the equivalent combination of education and experience is required. 7-10 years of total work experience preferred. Experience in trading or brokerage preferred. Applicable FINRA licenses preferred (e.g., Series 7, 63, etc.).
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 09339
Job: Customer/Client Service
Organization: Pershing Domestic-HR06431
Requisition Number: 1911910