RIMS Career Center

Overview

Job Description

BNY Mellon (BNYM) 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. BNYM 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.

BNYM's global Financial Crimes Compliance group is responsible for the Firm wide AntiMoney Laundering (AML)/Know Your Customer (KYC)/Customer Due diligence (CDD) and Economics Sanctions Compliance (collectively "FCC") Program. The team provides oversight of the day-to-day and strategic implementation of the Firm's enterprise-wide financial rime prevention efforts. This includes providing the appropriate governance, oversight and execution of the Firm's FCC programs. Part of the responsibility includes providing expertise, guidance, and support/challenge to all BNY Mellon businesses globally on FCC policies and requirements, including the various dedicated KYC utilities that assist the businesses in implementing FCC requirements globally.

The role holder will be a Senior Vice President, Treasury Services - Correspondent Banking Financial Crimes Compliance Advisory Control lead . FCC advisory responsibilities will cover all Treasury Services correspondent banking and related relevant business activities globally, as required.

This senior role includes the application of FCC regulatory knowledge and industry experience to continually enhance and sustain a robust set of FCC requirements and provision of advice on an ongoing basis. The incumbent must work effectively with multiple stakeholders within the institution to enhance their understanding of compliance and overall enterprise risks, as well as the risk management and implementation of mitigating control as SME around FCC Compliance (including USA PATRIOT Act/Bank Secrecy Act and various EMEA and APAC AML regulations).

Key responsibilities include:

• Supporting Treasury Services to enhance their understanding of financial crimes compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls. Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Independently contributes to global compliance and associated control environments and striking the balance between serving as a trusted advisor to the businesses and encouraging a culture of robust challenge to the businesses.
• Analysing existing and proposed legislation, regulatory announcements, and industry practices to advise BNY Mellon businesses, KYC operations and other stakeholders in developing and implementing procedures to meet existing and upcoming requirements and verify compliance with complex regulatory and policy requirements; make recommendations on compliance risks as well as benchmark Compliance processes and workflows against evolving industry standards.
• Providing enterprise-wide advice on entire business units' strategy changes to further improve their ability to remain in compliance with or become compliant with organizational policies and regulations.
• Provision of strategic advice and inputs to the FCC compliance policy and standards development process in the areas pertaining to U.S. and global regulations by working with key compliance partners in respective EU countries where BNY Mellon has a presence. Provide strategic guidance and inputs for risk assessments in the relevant subject matter areas.
• Working with multiple stakeholders within the institution to enhance their understanding of compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls.
• Supporting the governance and oversight at the business level of firm-wide AML/KYC/OFAC efforts to plan, coordinate, and track the implementation of the Firm's Global KYC policy standards.
• Coordination with FFC colleagues on the implementation and continued maintenance of Customer and Product Risk Rating methodology and controls.
• Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Contribute to developing and providing regular training to BNY Mellon businesses, operations and other stakeholders on key FCC topics and assisting the global businesses in developing regular communication on key compliance topics.
• Core skills required to achieving success in the role include knowledge and familiarity with U.S. and global AML Laws/Regulations including for Banks and NBFIs, particularly in the non-U.S. correspondent bank relationships space for provision of cross-border USD payments. The ability to comprehend changes to laws and regulations including reporting impact of changes to colleagues and senior management are important with strong written and verbal skills in order to communicate with senior management and staff. Able to provide training to businesses covered.
• Experience in defining and executing KYC change controls and periodic refresh strategy Operational knowledge of KYC rules implementation and maintenance. The role includes the needs to assist in maintaining strong working relationships with outside regulators, government officials and senior business unit managers to ensure the timely delivery of information and increase the likelihood of favourable conditions for compliance activities.
• Bachelor's degree or the equivalent combination of education and experience is required. MBA, JD or professional certification preferred.
• 15+ years of total work experience, with 5-7 years of management experience, preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with Correspondent Banking/Payments and assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $98,000 and $166,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. 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.

Return to Search Results