Specialist, Compliance & Control

BNY Mellon
London, United Kingdom
22 Jul 2022
21 Aug 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
BNY Mellon is an investments company. We provide investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world. In the region of Europe, the Middle East, and Africa, which we have been serving since the 1900s, we deliver services to a broad range of clients seeking access to global capital markets
Risk & Compliance roles develop, implement and carry out the compliance strategy for the organization and are responsible for establishing the policies, protocols, methodologies and standards around assessing compliance, identifying areas for improvement and implementing changes in response to risk and gap analyses and regulatory changes. Roles communicate with and educate the organization on individual roles and responsibilities in upholding a compliant business environment in alignment with policies, protocols, methodologies and standards developed by the Risk & Compliance function.

With minimal guidance, oversees and contributes to the compliance efforts of the assigned business units.
Helps to bring the business units into compliance with standard regulatory and policy requirements. Helps the business units respond to and develop compliance reporting, as directed.
Based on assessments of controls, works with business units to implement improvements and develop documentation when control changes are made.

  • As directed, analyzes existing legislation, regulatory announcements and industry practices in order to ensure the assigned business is in compliance with current requirements, and in line with BNYM Horizon scanning protocols.
  • Contributes to projects and program tasks intended to improve compliance and enhance the control environment.
  • Analyzes control processes to ensure they are in compliance with all applicable laws, rules and regulations. Reviews the appropriateness of control processes and may help guide the assigned business units in implementing improvements.
  • Continues to build working relationships with IM Businesses and their embedded Compliance teams in order to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities.
  • With minimal guidance, contributes to assessments of the effectiveness of controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses. Continues to gain experience preparing risk-based reviews of existing and emerging regulatory requirements, concerning issues and control gaps. Contributes to the preparation of time sensitive reporting and appropriately escalates issues to more experienced professionals.
  • Leads on the preparation of time sensitive reporting and appropriately escalates issues to more experienced professionals.
No direct reports
Contributes to the achievement of team objectives.
Bachelor's degree or the equivalent combination of education and experience is required. Business or Finance degree preferred.
5-7 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.

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: bnymellon.com/careers.

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