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20 May 2022
Full-Time Sr. Specialist, Compliance & Control (Privacy Compliance)
Job Description
BNY Mellon’s Risk and Compliance functions are situated in the second line of defense and are responsible for providing independent oversight and challenge of the Business and supporting corporate functions in relation to key operational, financial, regulatory or reputational risk.
Reporting into the Chief Risk Officer and Chief Compliance and Ethics Officer, the Compliance function is ideally positioned to ensure that BNY Mellon establishes and maintains appropriate policies, procedures and processes to comply with applicable laws and regulations.
Compliance also plays a crucial role in assisting the business to understand regulatory requirements, apply best practices and build strong and transparent regulatory relationships.
The Privacy Compliance team sits within the Compliance Function in the second line of defense and reports directly to the Global Head of Enterprise Wide Functions Compliance.
The team provides leadership and guidance with respect to relevant data privacy regulatory requirements and objectives, to enable regulated activity to be conducted in a manner consistent with legal and regulatory requirements and to highlight any material process or control gaps.
Privacy Compliance is responsible for overseeing and challenging the identification, assessment and mitigation of data privacy risks and providing advice and support to the Business and its Corporate Functions to effectively manage these risks.
Provides advice, challenge and oversight of Privacy Compliance activities in the Americas Region to facilitate effective management of risks and associated regulatory obligations.
Responsible for assisting the business to bring them into compliance with complex privacy regulatory and policy requirements.
Maintains good knowledge of Privacy laws, policies, and regulations applicable in the Region.
Applies experience and knowledge of Privacy risk management to ensure that Privacy control changes driven by relevant regulation are appropriately implemented in a timely manner.
The successful candidate will be expected to:
- Apply knowledge and experience of relevant Privacy risk concepts to provide advice and guidance to internal stakeholders and to carry out regular evaluation and assessment of Privacy compliance risks facing the organization.
- Analyze complex, existing and proposed legislation, regulatory announcements and market events impacting the organization’s Privacy control framework and ensure timely distribution of associated stakeholder communications.
- Provide accurate, timely independent regulatory guidance and credible challenge in relation to the management of Privacy risks; participate in Privacy governance forums and key advisory and strategic working group meetings; escalate high risk and/or significant issues to senior management.
- Provide support and challenge relating to privacy incidents including support for real-time incident response and regular oversight of metrics and trends pertaining to incidents.
- Establish and maintain strong working relationships with key stakeholders across the organization including senior Privacy, Technology, Business, Legal and Risk partners as well as relevant regulators, as appropriate.
- Produce regular Privacy risk assessment documents and compliance dashboards representing health of BNY Mellon’s Privacy control framework.
- Contribute to privacy projects and programs and significant business change initiatives to help improve compliance and identify opportunities to enhance the existing Privacy control environment, as appropriate.
- Contribute to assessments of the effectiveness of controls that help ensure ongoing compliance with key Privacy laws, regulations and policies affecting BNY Mellon businesses.
- Create and deliver training in key Privacy risk areas to internal stakeholder groups, as required.
- No direct reports. Provides guidance to more junior team members, as needed.
- Contributes to the achievement of team objectives.
Requirements:
- Bachelor’s degree or the equivalent combination of education and experience is required.
- 7-10 years of total work experience preferred. Experience in Privacy/Data Protection essential.
- 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.
- Relevant Certification or industry accreditation e.g., Certified Information Privacy Professional/US (CIPP/US), Certified Information Privacy Technologist (CIPT), Certified Information Privacy Manager (CIPM) preferred.
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.
How to Apply
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