Principal, Third Party Governance

Job Description

Who we are:BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors. BNY Mellondelivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2022, BNY Mellon had $43 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. BNY Mellon can act asa single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of the Bank of New York Mellon Corporation (NYSE: BK).As part of the Enterprise Sourcing Office (ESO) team, this role will be accountable for planning and implementation of new regulatory requirements in the international jurisdictions (i.e outside US), covering the external vendor and inter-affiliate framework.Drives change management processes to achieve third party management consistency and regulatory compliance. Embed an effective risk management culture while meeting relevant regulatory and legal requirements. Interprets regulatory changes and enforces theirimplementation in a way that achieves results while satisfying the requirements of relevant regulators. Independently enacts policies to achieve results that satisfy the requirements of relevant regulators. Drives the development and implementation of a consistentand robust processes to sustain compliance with relevant regulatory requirements, providing transparency and comfort to stakeholders in both affiliates and lines of business, while ensuring continued high levels of service delivery. Define and drive implementationof the strategy and direction for external vendor and inter-affiliate regulatory compliance governance, control, and risk related matters.Primary Responsibilities:

• Supports the ongoing development of the ESO framework with a focus on all applicable regulatory requirements, developing materials from regulatory guidelines into workable and measurable training and support solutions.
• Independently manages and delivers solutions to ESO requirements.
• Regularly engages with senior stakeholders to understand and drive compliance with regulatory requirements and quality standards across the ESO programme.
• Maintains an overview of all interactions with relevant stakeholders in co-ordination with the ESO management, and control functions. Ensures appropriate and up to date documentation exists and is accessible and fit for purpose.
• Develops and owns strategies for efficient implementation of key ESO policies, processes, and systems. Directs the day to day interactions with functional stakeholders including Legal, Compliance and Risk to ensure ESO processes are developed and maintainedto a standard that is acceptable to regulators.
• Leads regular meetings to assess the quality of the ESO framework delivery and discuss any other relevant topics in relation to the third party services with ESO group, and stakeholders from affiliates. Ensures more junior professional staff are managingtasks with appropriate measurement and management tools and other related documentation. Designs and enforces a consistent approach to third party management across jurisdictions and legal entities. Communicates robust global metrics and reporting on thirdparty activities to senior management.
• Leads regular meetings to ensure that projects are progressing according to plan and corrective actions/steps for the most effective, efficient, and timely implementation of regulation.
• Maintains an overview of the interactions with relevant regulators on all third party matters relevant to the external vendor and inter-affiliate population in coordination with senior management, Legal and Compliance.
• Ensures appropriate changes to regulatory requirements are identified and responses and new ways of working are developed to maintain a positive control on global regulatory governance. Drives the design and implementation of an information repository tohold required third party information.
• Uses existing strong strategic relationships with all key stakeholders such as Business and Legal Entity Managers and all key stakeholders and vendors to produce favourable conditions for ESO and ensure global regulatory compliance. Works closely with seniorcontacts within the ESO group to present a single "client face" to global customers.

Leadership:

• No direct reports

Job scope:

• Contributes to the achievement of global ESCO objectives and fulfilment of local and regional accountabiliites.

Education:

• Bachelors degree or equivalent combination of education and work experience required.

Experience:

• Relevant years of total work experience preferred

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, andoffer a range of family-friendly, inclusive employment policies and employee forums.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, andoffer a range of family-friendly, inclusive employment policies and employee forums

Keyskills :
Change ManagementRegulatory RequirementsWealth ManagementLegal Requirements