Compliance Manager

BNY Mellon
London, United Kingdom
26 May 2022
28 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Company Overview:

Alcentra is one of BNY Mellon Investment Management's specialists, and they focus their skills on the sub-investment grade debt capital markets in Europe and the U.S. Their objective is to deliver strong, risk-adjusted returns that are less correlated, through a complementary suite of traditional and alternative credit strategies. In pursuing this objective, their investment strategy and approach to credit selection are based on intensive fundamental research and credit analysis, combined with active portfolio management to minimize credit losses. Alcentra is part of BNY Mellon Investment Management, one of the world's largest investment managers.

BNY Mellon Investment Management:

At BNY Mellon Investment Management, we believe the right results begin with being relevant to every client, whether it is engaging with them to create solutions, offering diversified strategies or providing insights for better-informed decisions.

That is why we designed a model built around investors' needs to offer the best of both worlds: world-class investment firms with best-of-breed talent and unique cultures combined with the global scale and strength of BNY Mellon Investment Management. We connect investors with opportunities across every major asset class, globally. Today, we have eight investment firms, one of which is Alcentra.

We believe this is how investing should be and we are looking for talent to help us deliver on our promise.

Position Summary:
  • Perform detailed Global monitoring thematic type reviews in accordance with the BNYM risk-based monitoring programme incorporating applicable FCA and US rules and regulations;
  • Highlight findings from monitoring work performed to the Head of Compliance in a timely manner and agree and conclude issue and actions with firm senior management,
  • Ensure that any adverse findings or those requiring follow-up are dealt with promptly and satisfactorily in liaison with relevant staff within the business and all relevant issues closed out satisfactorily;
  • Provide periodic and adhoc reporting on Compliance Monitoring issue and action status to Head of Compliance
  • Monitor the status of implementation of corrective action and where issues are not implemented in line with agreed timelines escalate to the Head of Compliance;
  • Assist in enhancing current compliance monitoring statistics (MI) as both a management tool and as a mechanism to identify potential increases / decreases in the risks the company faces (amending the compliance monitoring programme where necessary);
  • Ensure all compliance principles, policies and procedures are clearly defined and regulatory developments are proactively appraised and communicated;
  • Perform general compliance tasks as well as involvement in ad hoc compliance projects;
  • Draft and update processes and procedures as required;
  • Undertake conduct and help to oversee Surveillance Activities and MI Reporting
  • Review Financial Promotions and other marketing materials as required
  • Undertake Regulatory Reporting as required
  • Undertake Wall Crossings and deal with MNPI issues as required
  • Undertake ad hoc tasks as delegated by the Compliance Management Team

Our expectation is that people will bring:

• Excellence
• Client Drive
• Accountability
• Efficient Decision Making

Experience and qualifications required:
  • Strong experience or understanding of the asset management industry;
  • Proven prior experience working within Compliance Monitoring roles;
  • Good knowledge of FCA and US rules as applicable to a UK Authorised firm and US Registered Investment Advisor asset management environments
  • Good understanding of structure and requirements relating to European domiciled UCITS Funds and / or alternative funds, US Funds and practical experience of at least one of UK, Luxembourg, or Dublin domiciled Funds
  • A strong knowledge of corporate governance practice.
  • Experience of Monitoring and Surveillance Activities
  • Experience of using Bloomberg systems

BNY Mellon is an Equal Employment Opportunity Employer. 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.

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:

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