Senior Compliance Officer

BNY Mellon
Boston, USA
19 May 2022
28 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Regulatory compliance
  • Assist and support the CCO in the maintenance and the ongoing effectiveness of the Newton North America Compliance team as a second line of defence function.
  • Provide advice and guidance to the business and key stakeholders with regards to SEC and CFTC compliance requirements and respond to ad hoc business requests for assistance and providing regulatory advice in line with regulations and where appropriate, industry best practice.
  • Provide regulatory analysis and identification of regulatory risks in the review of all existing and new business initiatives and developments and to represent the Risk and Compliance department at business committees or working groups.
  • Assist with the implementation of regulatory development/change projects, working collaboratively with the business to facilitate appropriate impact risk assessments, gap analysis and to ensure implementation requirements are executed to a high standard and in a timely manner.
  • Act as MNPI Coordinator and provide support and guidance with respect to the receipt and assessment of incoming information, to determine materiality of information and act as a control for the receipt, administration and maintenance of MNPI/Inside information.
  • Assist with the review of financial promotion and advertising material.
  • Assist and advise all parts of the business with regulatory audits and investigations, whether from regulators or internal audit.
  • Be responsible for the preparation, review and completion of internal and external regulatory reporting as required, including corporate reporting to BNY Mellon.
  • Represent the Newton North America Compliance department as necessary at client meetings both pitching for new business or as part of the ongoing client relationship/ operational due diligence meetings.
  • As a senior member of the team build a close working relationship with the business (UK and globally) and Risk & Compliance colleagues in BNY Mellon entities in various global locations.

Assist in the leadership of the Compliance Advisory Team
  • To assist and provide day to day leadership, support and mentorship to the Newton North America Compliance team with the responsibility for advising and supporting the team on all aspects of regulatory compliance required as a regulated investment management firm.
  • Assist in the day-to-day activities of the Compliance Advisory Team including required sign-offs and approvals for client certifications.
  • Ensure the team's maintenance and the ongoing effectiveness and implementation of all compliance policies and procedures, including the Compliance Manual, PTA and CODERAP administration.
  • Be responsible for the team's ongoing maintenance, enhancement, development and delivery of compliance training programs and activities so that they remain current and employees have appropriate compliance knowledge and awareness.
  • As a senior member of the team, to promote good conduct and culture by embedding high standards within the advisory team and wider function.
  • Make an effective contribution to the Newton North America Risk department.

Contribution to governance
  • Provide management information or deep dive analysis to governance committees and senior management to demonstrate compliance or to highlight issues or trends where appropriate.
  • Assist the CCO in providing reports and escalation of issues as required to the Newton North America and BNY Mellon IM governance committees as required.
  • Attend governance committees as necessary (e.g. Risk & Compliance Committee) or oversight groups (e.g. the Regulatory Analysis Oversight Group or Anti-Financial Crime Oversight Group), providing effective contributions as a representative of the Risk and Compliance Department.
Generic Responsibiliti es
  • Provide accurate and appropriate management information to Senior Management.
  • Comply with all corporate policies and procedures including Health and Safety Policy.

Culture, Regulatory and Compliance Responsibilities
  • Be aware, maintain knowledge and adhere to the relevant regulatory and legal obligation of the compliance function, including local and wider group policies.
  • Understand Newton North America's Conduct Framework and promotion of cultural values, including diversity and inclusion initiatives
  • Report any suspected breaches to the Compliance or Legal departments, as appropriate immediately on discovery.

Risk Management
  • Monitor, document and report business risks and internal controls of the function managed, alerting Senior Management immediately of any significant changes.
  • Ensure, as a 2LOD function, effective challenge is given to the 1LOD

  • Set professional example to all employees
  • Support and encourages staff development, objective setting and appraisal.
  • To promote Newton North America's approach to good conduct and culture

Generic Staff Responsibilities
  • Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon
  • Alert management including the Chief Risk Officer and immediately of any significant changes to business risks and internal control effectiveness.
  • Notify management and/or the Chief Compliance and Ethics Officer and Head of International Compliance immediately on discovery of any material regulatory breach.
  • Comply with all Security and Health & Safety policies and procedures operating within the business.

Shared Values and Core Competencies (required for all roles) - detailed definitions available on MySource
  • Client Focus - demonstrates clear understanding of importance of effective customer service, internally and externally
  • Trust - evidences high standards of integrity and openness
  • Teamwork - demonstrates ability to work effectively as a member of a team, a collaborative style, and understands the value of diversity
  • "Outperformance" - evidences the ability to exceed expectations of others

Core Competencies:
  • Global Acumen - Demonstrating an understanding of the competitive global business environment as well as an awareness of economic, social, and political trends that impact the organization's global strategy.
  • Developing Partnerships - Developing and using collaborative relationships inside and outside the organization to facilitate the accomplishment of work goals.
  • Building Organisational Talent - Evaluating and selecting internal and external talent to ensure the best match between the individual and the work requirements. Provides timely coaching, guidance and feedback to help others maximize their potential and meet key accountabilities.
  • Change Leadership - Encouraging others to seek opportunities for different and innovative approaches to addressing problems and opportunities; facilitating the implementation and acceptance of change.
  • Client Orientation - Cultivates client relationships and ensures that the client perspective is the driving force behind all value added business activities.
  • Operational decision making - Securing and comparing information from multiple sources to identify business issues; committing to an action after weighing alternative solutions against important decision criteria and organizational values.
  • Driving execution - Setting high goals for personal and group accomplishment; using measurement methods to monitor progress toward goals; tenaciously working to meet or exceed goals while deriving satisfaction from that achievement and continuous improvement.

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:

EEO Statement:

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

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