Compliance Monitoring, Investment Management

Job Description

OverviewThe key purpose of this position is to provide support to the development and execution of the risk-based compliance testing and delegate due-diligence programmes to ensure that the Firm properly discharges its obligations under applicable laws, regulationsand guidance. The role resides within the dedicated Compliance function supporting the centralised distribution and fund management business lines within the BNY Mellon Investment Management organisation which operates through BNY Mellon Investment ManagementEMEA Limited ("IM EMEA") in the UK and its fund management subsidiaries in the UK and Luxembourg. IM EMEA also has representatives conducting distribution activities within Dubai, UAE and Santiago, Chile and through a subsidiary company in Switzerland. Distributionactivities within the EU/EEA are conducted through branches of the Luxembourg subsidiary in France (Paris), Germany (Frankfurt), Italy (Milan), the Netherlands (Amsterdam), Spain (Madrid) and Sweden (Stockholm). The IM EMEA Risk & Compliance function is comprised of 12 individuals based within the head office in London and 3 individuals based in Luxembourg. This role will focus predominantly on testing of business functions in accordance with BNY Mellons global compliancetesting methodology and on due-diligence of delegates, including the BNYM investment management firms based in various global investment centres and of the fund administrators providing transfer agency services, valuation and fund accounting. Key Responsibilities

• To work as part of the centralised testing function in the development and execution of a business-wide compliance programme to facilitate monitoring of the adequacy and effectiveness of policies and procedures implemented by the business.
• Provide support to the design, development and execution of a risk-based compliance programme to ensure that the regulated entities properly discharge their obligations under applicable laws, regulations and guidance.
• Provide input to the compliance risk assessment (CRA) process to determine the focus of the annual testing programme, including ongoing maintenance of the CRA in response to emerging issues/events, both internal and external.
• Provide input to scoping of review themes, identifying and researching relevant laws, regulations and guidance as necessary to gain background knowledge.
• Design and execute test plans which reflect the review scope, reviewing business information, processes and controls to determine the effectiveness of arrangements in place for compliance, recording test output accurately and identifying issues/gaps and/orinstances of non-compliance, escalating to immediate line manager and the Director of Risk & Compliance.
• Participate in enterprise-wide "horizontal" monitoring initiatives organised by the BNYM central Compliance Monitoring functions.

Governance Responsibilities

• Where required, make an active contribution to the corporate governance framework in respect of IM EMEA and its subsidiaries, including management of control documents and logs, preparation of reports to management and governing bodies and collation ofmanagement information on financial promotions compliance.
• Provide compliance support to the oversight of functions delegated to the investment managers and administrators, including review of contractual documentation, participation in service review meetings and review/challenge of management information.
• To contribute to general compliance duties, including maintenance of the Compliance Manual, compliance policies and procedures and regulatory reporting.
• As necessary, Provision of timely and accurate reporting to the EMEA IM corporate Risk & Compliance functions in the format required.
• Effective liaison with internal business functions and business partner functions.

Generic Staff Responsibilities

• Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
• Report any potential or actual material regulatory breaches to senior management and the Director of Risk & Compliance immediately upon discovery.
• Participate in centralised initiatives across the BNY Mellon Risk & Compliance organisation, to ensure consistency of approach across business lines and appropriate knowledge-exchange.
• Contribute to the maintenance and testing of an effective business continuity plan to ensure an appropriate response to any disruption to business operations.

Shared Values and Core Competencies BNY Mellon Core Values:

• Client Focus - Putting the client at the centre of all that we do
• Integrity- Acting with the highest ethical standards for our company, our employees and our clients
• Teamwork - Fostering collaboration and diversity to empower employees to build relationships and deliver insights
• Excellence - Setting the standard for leading-edge solutions, innovation and continuous improvement

Core Competencies:

• Global Acumen - Developing and incorporating an understanding of the competitive global business environment as well as an awareness of economic, social and political trends that impact the organisations global strategy
• Establishing Strategic Direction - Establishing and committing to a long-range course of action to accomplish a long-range goal or vision after analysing factual information and assumptions taking into consideration resources, constraints and organisationalvalues
• Developing Strategic Relationships - Using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with business partners (e.g., peers, functional partners, external vendors and alliance partners)

• Change Leadership - Continuously seeking (or encouraging others to seek) opportunities for different and innovative approaches to addressing organizational problems and opportunities
• Client Orientation - Cultivating strategic client relationships and ensuring that the client perspective is the driving force behind all value-added business activities
• Driving Execution - Translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources and systems to ensureeffective implementation and delivery of required results

Job Specific Competencies

Strong interpersonal and communication skills (oral and written)

Attention to detail and ability to work to tight deadlines A