Principal, Compliance and Control - Advisory

iNautix Technologies ,
Edinburgh, City of Edinburgh
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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. Team Description: (Overview of the team) Risk and Compliance provide risk and compliance services across all BNY Mellon businesses including the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Risk Management is organized through Chief Risk Offices for each core business and critical operation. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. In EMEA, Compliance is split into four pillars; Advisory, Monitoring, Financial Crime and Architecture and Governance. Advisory provide the second line of defence on compliance issues for all of the lines of business in EMEA, assisting the business through regulatory requirements, best practices and regulatory relationships. Job Purpose: (What the job role involves) Principal, Compliance & Control, Advisory is required to take a leading role in supporting BNY Mellon Trust and Depositary and Rep Offices in remaining compliant with regulatory requirements and corporate compliance policies. The role holder will play a key role in the day-to-day activities of the Compliance Advisory team, in particular as they relate to Trust and Depositary activity in the UK and Regulatory Change Projects and areas of responsibility of the Rep Offices Compliance lead. Role holder will act as a key partner to 1st line senior management and 2nd/3rd line stakeholders. Represents Compliance at internal legal entity/governance forums and external meetings as required. The role may require providing guidance and advice across other lines of business where required. The role may require input across other BNY Mellon operations where business is outsourced. Therefore, the jobholder should be prepared to travel from time to time. Responsibilities: (Key parts to the job role) * Provide accurate and timely technical advice and guidance to business/business partner colleagues on regulatory compliance issues. * Identify and analyse emerging Compliance risks and trends. Provide feedback and recommendations to other Compliance and Business colleagues on how to mitigate these risks. Provide input to the strategic direction of the work of the Advisory Compliance team. * Act as lead Compliance advisor on allotted regulatory change projects. * Ensure that internal colleagues are appropriately prepared for discussions with external regulators. * Represent BNY Mellon at relevant industry events/ forums. * Provide constructive challenge within meetings regarding relevant regulatory requirements. * Participating in or leading the delivery of Compliance related training. * Deputising for the Head of Investment Services Advisory Compliance and Rep Office Compliance Lead where required. * Where required provide support to the Business and Compliance monitoring teams at the appropriate stages of Compliance Monitoring reviews. This is likely to comprise sharing of information with Compliance Monitoring colleagues regarding the business lines and/or regulatory themes they are planning to review and assisting the Business in designing and implementing any corrective action identified through the monitoring reviews. * Represent Compliance at the committee meetings of UK Regulated entities as required. Ensure that any Compliance reports required for those meetings are provided in a timely manner and are focused and relevant to the meeting topic. Provide constructive challenge. Requirements; (what we are looking for) Qualifications: Degree level qualification Industry compliance qualifications/Professional qualifications Technical Competence & Experience: * Ideally previous experience within a Compliance team or a controls team * Relevant technical knowledge of UK conduct regulatory framework and strong overall understanding of Trust & Depositary business with high level understanding of wholesale/custody Banking. Key Competencies and skills: * Focused attitude to work with the ability to meet deadlines while ensuring attention to detail and high level of accuracy. * Excellent interpersonal and communication skills * An ability to provide strategic leadership within the immediate team and wider Compliance group. * An ability to provide effective and constructive challenge. * Strong analytical skills, detail focussed; ability to identify

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