Principal, Compliance & Control

Job Description

OverviewOverview 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, corporationsand 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 overseesand 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 Mellons businesses maintain appropriateprocesses to comply with applicable laws, regulations, BNY Mellon policies and ethics. In EMEA, Compliance is split into four pillars; Business Compliance, Compliance Testing, Anti-Financial Crime and Architecture and Governance. Business Compliance providethe 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) BNY Mellon Trust and Depositary (BNYM T&D) is a leading provider of depositary services to collective investment schemes ("CIS") in its role as Depositary. Its overarching fiduciary responsibility is to protect the interests of investors in funds placing theinterest of the investor above all others, including its own. Pursuant to the Alternative Investment Fund Managers Directive (AIFMD) and Undertakings for Collective Investment in Transferable Securities (UCITS) regulatory frameworks, funds are required tohave a Depositary who is independent of the Fund Manager. BNYM T&D is therefore obliged to perform independent oversight which includes: monitoring compliance with investment and borrowing restrictions, oversight of the sale issue and repurchase of shares,oversight of the Net Asset Value (NAV) calculation and the distribution of income, monitoring of cash flows and performance of cash flow reconciliations. BNYM T&D will typically delegate the custody of assets to one of its appointed global sub custodians beingThe Bank of New York Mellon SA/NV acting as global sub-custodian. Principal, Business Compliance Officer, Asset Servicing and Digital is required to take a leading role in supporting the BNY Mellon Asset Servicing and digital lines of business 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 Business Compliance team, in particular as they relate to Trust and Depositary activities globally and Regulatory Change Projects and other products within Asset Servicing and digital,like Custody and Fund Accounting in the EMEA region. Role holder may deputise as a key partner to 1st line senior management and 2nd/3rd line stakeholders. Represents Compliance at internal line of business/governance forums and external meetings as required.The role may require providing guidance and advice across other lines of business where required. 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 Business Compliance team.
• Undertake Compliance Risk Assessments on assigned lines of business
• 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 as required
• Provide constructive challenge within meetings regarding relevant regulatory requirements.
• Participating in or leading the delivery of Compliance related training.
• Provide support to the Business and Compliance testing teams at the appropriate stages of Compliance Testing reviews. This comprises sharing of information with Compliance Testing colleagues regarding the business lines and/or regulatory themes they areplanning to review and assisting the Business in designing and implementing any corrective action identified through the testing reviews.
• Represent Compliance at the committee meetings of 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 and EMEA 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 patterns or connections between situations that are not obviously related and to determine key underlying issues in complex situations.
• Ability to think pragmatically and proactively suggest solutions;
• Team player and flexible in a fast paced environment
• Articulate and able to represent Compliance to senior business personnel and external stakeholders with confidence.
• Good report writing and presentation skills

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