Senior Principal, Compliance - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Overview

Overview Of BNY Mellon:

Compliance and Ethics is an independent organization within BNY Mellon reporting to the Chief Risk Officer (CRO), responsible for helping to ensure the company's businesses maintain appropriate processes to comply with all applicable laws, regulations, companypolicies, and ethical norms.

More specific responsibilities include:

Designing and operationalizing a compliance and regulatory framework and engagement model for emerging digital businesses;
Following the initial phase, on an ongoing basis
Provide independent review and challenge of business practices and initiatives such as new product development;
Support the risk assessment of all new products and partnerships, across all risk categories;
Work with senior leaders to develop and report a comprehensive view of the risk profile of the

Additional responsibilities include:

Increasing awareness of compliance obligations and responsibilities and promoting a culture of compliance and control in the ASD businesses
Identifying new and updating regulatory requirements (in coordination with Governance Risk Architecture and Legal) and communicating those requirements to applicable lines of business (LoBs)
Creating and reviewing or updating polices that serve as the foundation for the compliance programs associated with key legal and regulatory requirements
Communicating and providing advice to stakeholders in the business on the implementation of controls pertaining to compliance risks
Assisting in developing and, if applicable, delivering employee training (general guidance and targeted courses)
Monitoring business processes periodically, based on risk, to determine whether the controls and processes are operating effectively and achieve compliance requirements
Identifying significant compliance and regulatory issues, assist the LoB in designing and implementing policies, procedures, and controls and partner with the LoB to track and implement effective remediation plans in accordance with the Issue Managementand Escalation Policy.
Challenging the first line High Level Assessment (HLA) and Risk Control Self-Assessment (RCSA) and escalate the highest priority concerns to the seniormost governance committee within ASD regarding regulatory compliance matters
Reviewing transactions, new products and business changes processes to identify compliance and regulatory risks
Developing annual compliance plans based on results of compliance risk assessment and other inputs; review with business and provide periodic updates; and
Presenting compliance reports to senior management and legal entity boards with a comprehensive snapshot of critical elements currently impacting or expecting to impact their business line, where required/relevant. These elements generally include an overallbusiness compliance rating, compliance metrics, compliance testing statistics, significant or proposed new regulations, key regulatory implementations, and significant compliance initiatives

Minimum Requirements:

Extensive experience as a compliance professional covering asset servicing, custody, transfer agency, registered investment advisers and brokerdealers needed
Comfort with ambiguitycapable of solving complex problems independently in a fastpaced environment and adapting along the way
Demonstrated success as a valuesbased leader who can build and maintain a culture of empowerment, ownership, and accountability
Ability to initiate and drive projects to completion with mínimal guidance
Bachelor s degree or the equivalent combination of education and experience is required. MBA, JD or professional certification preferred.
Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with the assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulatorspreferred.

Preferred Qualifications - Thorough knowledge of the investment advisory and broker dealer business from a product, corporate governance, compliance and administrative perspective.

Working knowledge of Investment Advisers Act of 1940, relevant SEC rules and regulations and state regulatory framework. Thorough knowledge of securities products (i.e. mutual funds, ETFs, structured products and individual securities) and compliance andsupervisory requirements. Broad exposure to key functional areas of product due diligence, recruiting and retention, Excellent ability to interpret and Partner with the Legal team to analyze changes to regulatory requir