Compliance Anti-Money Laundering Manager

Job Description

Overview Of BNY Mellon:
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Job Purpose:

This role involves ensuring that the AML control framework within specified BNY Mellon Irish legal entities (“the firm”) is comprehensive and robust. The job holder should ensure the AML/financial crime policies and procedures are maintained and complied with. A key deliverable in the role is to execute a compliance monitoring programme designed to provide assurance that the firms AML framework is being complied with. In addition, the jobholder will interface directly with various business areas in managing a range of AML compliance queries. The jobholder is expected to foster a compliance culture in the firm.


Key Responsibilities:
• Oversight of the AML/CFT framework within the firm, ensuring it is comprehensive, robust and compliant with corporate policy and regulatory obligations
• Implementing assigned AML/financial crime monitoring reviews
• Implementing and enhancing AML/financial crime policies and procedures
• Investigating and taking responsibility for AML/financial crime issues and regulatory matters arising
• Analysing existing and proposed legislation, regulatory announcements/changes and industry practices which may impact the firm. Complete gap analysis and advising senior management on the implications and assist the assigned business areas to develop and implement AML policies and procedures to meet existing and upcoming requirements
• Contributing to the development of projects and initiatives to improve AML compliance and enhance the control environment within the firm
• Contributes to the achievement of team objectives
• Promoting a strong compliance culture within the firm
• Administering the SAR reporting obligations on behalf of the Ireland MLRO
• Deputise for MLRO as required

Specific Responsibilities:

SAR Reporting
• On behalf of the Ireland MLRO, take direct responsibility for ensuring that local SAR obligations are appropriately managed in compliance with corporate policy and regulatory obligations 
• Escalate as appropriate to the Ireland MLRO
• Review and maintain the SAR register including the timely closure of SARs, required record retention and appropriate senior management reporting
• Maintain general staff awareness and deliver SAR training as required

Compliance Monitoring
• Contribute to annual Compliance Monitoring planning process
• Complete assigned AML/CFT Monitoring reviews in line with corporate policy and local procedures, ensure all required documentation is uploaded into Extraview / GCMS and available for auditing purposes
• Analyse and validate the control processes within the firm to ensure they are in compliance with all applicable corporate policies, local procedures and regulations
• Assess the effectiveness of controls that help ensure ongoing compliance with corporate policies, local procedures and regulations affecting the firm
• Identify, escalate and seek resolution of weaknesses or gaps in internal procedures or controls within the business
• Prepare reports for senior management, contribute to the development of recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively, appropriately escalating any issues to management
• Participate in senior management discussions as appropriate

• AML Policies & Procedures
o Identify, prepare and review AML/CFT procedures to ensure adherence to AML/CFT framework, ensuring they are compliant with corporate policy and regulatory obligations
o Ensure that business area and team procedures are properly maintained and refreshed on an ongoing basis
o Ensure that relevant BNY Mellon staff are advised and kept up to date with relevant AML policies and procedures.
• Preparation of  regulatory reports (e.g. CBI REQ, annual MLRO report) as required
• Responsibility for the timely completion of audit and regulatory requests for information 
• Deal with relevant regulatory correspondence both to and from regulatory authorities, as part of regular reporting requirements, and on issues arising in respect of AML
• Provide monthly management information for inclusion in Ireland Legal Entity governance committees and attend committee meetings as required

AML Advisory Support
• Review and support the firms’ business areas in the following:
o PEP and high risk form review and approval
o General AML, financial crime queries -  provide AML advice and guidance to business/operational staff
o Assist businesses in ensuring that AML issues are addressed in the event of changes to systems, client take-ons, acquisitions and any other relevant projects;
o Supporting client/Fund MLRO due diligence visits as required
• Assist the business to prepare and review all relevant submissions for EMEA Anti-Money Laundering Oversight Committee (EAMLOC) in advance of meetings;
• Coordinate, advise on and review relevant business AML and ABC Risk Assessments;
• Keep up-to-date with EMEA-wide and industry AML and financial crime related developments and issues;

AML Training
• Support the development of and deliver AML training programmes as required

Generic Responsibilities:
• Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures
• Alert management immediately of any significant changes to business risks, internal control effectiveness, or discovery of any potential or material regulatory breach
• Build and maintain strong working relationships with key business areas within the firm
• Contributes to the preparation of time sensitive reporting and appropriately escalates issues to management
• Prepares and contributes to team MIS
• Required to interact directly with senior business management in a decision-making capacity
• Teamwork is integral to this role, the candidate needs to communicate effectively and foster a collaborate working relationship with team members.



• Strong experience in financial services. Knowledge of the funds industry being a distinct advantage
• Strong prior experience of Irish (or equivalent) AML legislation and regulatory requirements
• Relevant experience in AML
• Background in Compliance would be a distinct advantage
• Management skills to balance multiple priorities are key to this role
• Assumes responsibilities for outcomes of others
• Promotes a sense of urgency and establishes and enforces individual accountability in the team
• Quickly and decisively takes action in fast-changing, unpredictable situations
• Good report writing and presentation skills
• Superior interpersonal, and communication skills
• Proactive approach and sound judgement
• Keen interest in emerging AML/CFT regulations

BNY Mellon is an Equal Employment Opportunity Employer.
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: Ireland-Dublin-
Job: Risk
Internal Jobcode: 85162
Organization: Compliance & Ethics-HR06015
Requisition Number: 1917238