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9 Jan 2023

Full-Time Principal, Compliance & Control

BNY Mellon – Posted by BNY London, England, United Kingdom

Job Description

To provide second line of defence advice and challenge to a particular business or line of businesses in relation to economic sanctions, particularly US, EU, and UK, with a focus on other jurisdictions as appropriate.

 

The role holder will be the economic sanctions advisory lead for one or more lines of business, which will be the principal focus of the role. Sanctions advisory responsibilities will cover all relevant legal entities and other business lines, as required, including cover for other members of the economic sanctions compliance team. Key responsibilities include:

 

  • Provide sanctions advice and guidance to the first line of defence (1LOD) on economic sanctions issues and the application of policy requirements to their business lines and customers, as required;
  • Review and challenge business line economic sanctions policies, standards, and procedures, at implementation and subsequent review;
  • Provide review and challenge for 1LOD economic sanctions risk assessments to ensure they are appropriate and completed in compliance with corporate and regulatory requirements to include all relevant risks and controls, and reflect the economic sanctions risks associated with the relevant business line / legal entity;
  • Review and challenge other financial crimes related control documentation, including in relation to transaction monitoring data lineage and sanctions surveys;
  • Provide advice to 1LOD in ensuring that economic sanctions risks are assessed in relation to changes to systems, customer onboarding, new products, acquisitions and any other relevant projects;
  • Contribute to overall economic sanctions governance and represent EMEA Sanctions Compliance on committees, as required;
  • Work closely with EMEA MLROs on multi-jurisdictional economic sanctions issues implicating the relevant business line / legal entity;
  • Deputising at meetings/committees as requested by the EMEA Head/Deputy Head of Sanctions;
  • Assist with annual MLRO report preparation, as requested;
  • Work with other regional economic sanctions teams where required on global policies and standards, training, and other initiatives of common interest;
  • Keep up to date with regulatory developments and issues in the economic sanctions space;
  • Represent BNY Mellon at relevant external industry forums, as required, to ensure awareness of industry developments and market practice;
  • Provide support and input on ad hoc issues to other team members, as required;
  • Provide 1LOD with financial crimes compliance advice and guidance to include anti-money laundering (AML) and anti-bribery and corruption (ABAC), as necessary and appropriate; and.
  • Oversight, review, and challenge of financial crimes control processes and procedures implemented within the relevant business line/legal entity, liaising with SMEs in other financial crimes disciplines, as required.

 

 

 

Generic Staff Responsibilities

  • Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures and departmental procedures
  • Alert management immediately of any significant changes to business risks and internal control effectiveness
  • Notify the EMEA Head/Deputy Head of Sanctions of any matters that require escalation to Compliance senior management, including the Chief Compliance and Ethics Officer, immediately on discovery, such as material regulatory breaches

 

Core Competencies:

  • Adaptability
  • Communication
  • Customer Orientation
  • Interpersonal Skills
  • Judgement
  • Managing Risk.

 

 

Job Specific Competencies / Technical skills / knowledge

  • Meaningful experience in an economic sanctions compliance role or equivalent background
  • General background in Financial Crime / Compliance / Legal
  • Ability to work under time pressure in calm, professional manner in an environment of change
  • Strong analytical skills, problem-solving ability and attention to detail
  • Excellent communication and interpersonal skills
  • Strong planning skills
  • Detailed knowledge of products and services for the business lines covered by the role would be an advantage

 

Comply with all Security and Health & Safety policies and procedures operating within the business.

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 well-being and a balanced life, and offer 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, and offer a range of family-friendly, inclusive employment policies and employee forums.

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Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: #Control, #finance, and Compliance. Salaries: Not Disclosed.

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