BNY Mellon Careers

SrPrin, Compl&Control (Compliance Mgr. for Clearing Broker/Dealer)

New York, New York; Lake Mary, Florida

Job Description

Specific Duties & Responsibilities:

Familiarity with laws, rules and regulations applicable to US broker dealers and banks.

Experience with compliance risks and issues surrounding products offered in US broker dealer clearing and execution firms.

Providing advice to business partners in a sales,  trading and clearing firm environment

Experience performing sales and trading surveillance in a broker dealer unit.

Ability to communicate effectively with business, control and operational partners, work independently and lead projects as needed.

Other General Responsibilities:

Responsible for the development of the compliance strategy for the assigned business units. Advises on the compliance efforts of the business units and directs the work of more junior professionals. Responsible for reviewing work completed by more junior professionals to confirm accuracy, timeliness and completeness. Responsible for assisting the business units by developing strategies to bring them into compliance with highly complex regulatory and policy requirements. In partnership with business unit senior managers, responds to and develops compliance reporting and presents reporting to leadership. Based on assessments of controls, advises business units on the implementation of improvements and the completion of appropriate documentation when control changes are made. Directs analyses of existing and proposed legislation, regulatory announcements and industry practices in order to lead the assigned businesses in developing and implementing procedures to meet existing and upcoming requirements. Assigns analysis activities to more junior professionals. Contributes to the establishment of key risks indicators (KRIs) and tracking and reporting methodologies as part of a standard system of measurement and reporting. Develops projects and programs to improve compliance and enhance the control environment. Directs the assessment of the effectiveness of current risk prevention and mitigation projects to ensure senior managers in the assigned business units are equipped with the education to identify and judge the severity of risks. Recommends areas and topics where further education is needed based on assessments and implements approved education activities. Develops the assigned business units' strategy for analyzing control processes to ensure they are in compliance with all applicable laws, rules and regulations. Assigns analysis activities to more junior professionals in support of the strategy. Uses strong industry experience to validate the appropriateness of control processes or direct the development of improvements. Directs the assigned business units in implementing improvements. Provides direct input to more junior professionals to improve their understanding of compliance, control and documentation policies. Uses strong working relationships with outside regulators, government officials and senior business unit managers to influence compliance activities across multiple business units, ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Leads the development of training and education for the assigned business units on risk management and compliance requirements. Guides business unit management on appropriate methods for assessing education needs and determining the appropriate materials to be developed. Assigns material development tasks to more junior professionals. Directs less experienced professionals in assessing the effectiveness of highly complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses throughout the world. Prepares and may deliver complex, comprehensive, risk based reviews of existing and emerging global regulatory requirements and provides prompt, focused feedback to business management on concerning issues and control gaps. Independently develops recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively. Prepares highly complex, time sensitive reporting and appropriately escalates issues with a potentially global impact to senior management. Directs event analyses, including confirmed losses, breakdowns in control and 'near misses' to identify root causes of the control failures. Contributes to the design and implements approved remedial solutions. No direct reports; provides guidance to more junior team members and assigns tasks. Directs the achievement of multiple teams' objectives. Modified based upon local regulations/requirements.  


Bachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 15-18 years of total work experience 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 regulators preferred.

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 & 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:

Risk and Compliance provide risk and compliance services across all BNY Mellon businesses. Organizationally, Risk and Compliance includes the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and 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. Risk managers provide shared support to BNY Mellon for operational risk services for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. This is accomplished through business- and business partner-specific teams of professionals, under centralized global management.

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

Primary Location: United States-New York-New York
Internal Jobcode: 85163
Job: Compliance
Organization: Compliance & Ethics-HR06015
Requisition Number: 1802824