Principal, Compliance and Control (Monitoring)

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:

Compliance has a key responsibility as a part of the second line defence function to:

  • Provide advisory, monitoring, training, oversight & challenge to business lines and where relevant partner functions
  • Seek to embed a compliance culture and conduct model throughout the organisation

Specifically, Compliance Monitoring is responsible for delivering a risk-based annual programme of thematic monitoring reviews to identify areas of non-compliance.

  Role-specific responsibilities:  
  • Lead, plan and implement compliance monitoring reviews within the annual monitoring program on time and to a high standard in line with the global compliance monitoring methodology
  • Ensure that all findings identified within an allocated review are accurately recorded on BNYM’s Compliance Monitoring database (ProAct) and that proactive actions are taken to ensure satisfactory resolution of issues raised
  • Proactively chase outstanding and overdue issues and reflect updates on ProAct in line with the requirements of the global methodology
  • Represent Compliance on internal and external committees, working groups, and trade body seminars where required to do so
  • Assist in the production and development of committee/Board reporting, providing sign-off as delegate to the UK Head of Compliance Monitoring where required
  • Represent Compliance at client meetings where required to provide updates in respect to monitoring
  • Deputise for the UK Head of Compliance Monitoring as required, including performance of file reviews and taking on ad-hoc assignments and projects
  • Train and provide SME support for other members of the team

Generic staff responsibilities:

  • Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
  • Promote a strong compliance culture within the business
  • Comply with all Security and Health & Safety policies and procedures operating within the business


  • The role holder should be able to demonstrate 10+ years of Compliance and/or internal audit experience with subject matter expertise in the following areas:
    • Capital Markets
    • Securities Finance
    • Foreign Exchange
    • Collateral Management
    • Algorithmic Trading
    • Market Abuse (MAR)
    • Client asset protection (CASS) - desirable but not essential
  What we can offer you:  
  • Challenging, fun and supportive environment
  • 25 days holiday (in addition to Bank Holidays) plus opportunity to purchase up to 5 extra days
  • Highly competitive benefits package including pension and private medical cover

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: United Kingdom-Lothian Region-Edinburgh
Job: Risk
Internal Jobcode: 85167
Organization: Compliance & Ethics-HR06015
Requisition Number: 2005905