Principal, Compliance & Control (Advisory)

The Bank Of New York Mellon ,
London, Greater London
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Overview

Job Description

1. 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. 2. Team Description: The Risk and Compliance division provide risk and compliance services across all BNY Mellon businesses and includes the following teams: Risk Management (market, credit and operational), Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers ongoing risk services and ensures new business risks are identified, reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Compliance contributes to ensure BNY Mellon's businesses maintain and embed appropriate policies, procedures and processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. In EMEA, Compliance is split into five main pillars; Markets and Corporate Treasury, Advisory, Monitoring, Financial Crime and Regulatory Change and Policy. The Markets and Corporate Treasury Compliance Team is split into two sub-teams: Advisory and Surveillance. Markets and Corporate Treasury Advisory provides the second line of defence on a range of conduct compliance issues for each line of Markets business and Corporate Treasury in EMEA, assisting the business through understanding regulatory requirements, applying best practices and building strong and transparent regulatory relationships. Markets and Corporate Treasury Surveillance provides the second line of surveillance defence reviewing trading and communications alert closed or escalated by the first line surveillance teams, providing challenge and guidance to the first line. The team also conducts quality assurance, assists in the development of systems and conducts thematic surveillance. The Markets business lines include: foreign exchange, capital markets (fixed income and equity), securities finance, liquidity services, collateral management and investment management (advisory) group. Corporate Treasury undertake a range of risk, strategic and/or general financial management activities to enable BNY Mellon to maintain or improve/maximise its financial and prudential position. 3. Reporting line: Reporting to the EMEA Head of Markets and Corporate Treasury Compliance. 4. 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; Ensure business line and business partner functions are provided with accurate and timely advice in relation to regulatory compliance issues; Work with business lines and partner functions to assist them to address the impact of regulatory changes; Manage BNY Mellon's relationship with relevant regulators; and Seek to embed a compliance culture and conduct model throughout the organisation. 5. General Responsibilities: Providing technical advice on the application of financial services regulation to relevant business lines; Work with business lines and business partner functions to assist them in dealing with the impact of regulatory change and to develop and implement policies and procedures to accommodate regulatory change; Work with other Compliance professionals across the broader EMEA Compliance team to ensure co-ordinated and complete delivery of services and effective communication of relevant information and observations. Develop strong and where required integrated working relationships with other regional compliance officers in the U.S. and APAC; Support the business in managing BNY Mellon's relationship with relevant regulators, including assisting in the provision of information to the regulators and responding to reports issued by regulators; Ensure representation of compliance related issues and provide appropriate challenge at relevant internal meetings where required; Represent Compliance and provide appropriate challenge at relevant external meetings where required; Provide technical compliance support to business and corporate projects as required, including those relating to regional governance, acquisitions/divestitures, remuneration, and new tax initiatives etc., ensuring timely and robust input and challenge by team members; and Track and record issues and concerns as they arise and assist in the production of appropriate Management Information. 6. Governance Responsibilities Contribute to the effective governance of the entities operating within the EMEA region. Play an active role in offering constructive challenge and helping

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