Principal, Compliance and Control

  • Competitive
  • Jersey City, NJ, USA
  • Permanent, Full time
  • BNY Mellon
  • 25 Mar 19

Principal, Compliance and Control

Responsiblefor handling the firm's interactions with regulators as it relates toinquiries, examinations and Blue Sheet requests. This includes:

• Working as a teamto research and coordinate exam requests and preparing responses;

• Leading effortsto manage the examination process;

• Overseeing theregulatory inquiry process by assigning inquires to other team members,tracking progress of all inquiries, and reviewing and editing responses toensure accuracy and completeness;

• Researching andresponding to complex inquires;

• Presentingsignificant items to senior management; and

• Monitoring theregulatory Blue Sheet submission process for accuracy, completeness andtimeliness.

Responsiblefor assisting the business units by developing strategies to bring them intocompliance with complex regulatory and policy requirements. Based onassessments of controls, advises business units on the implementation ofimprovements and the completion of appropriate documentation when controlchanges are made. Analyzes existing and proposed legislation, regulatoryannouncements and industry practices in order to lead the assigned businessesin developing and implementing procedures to meet existing and upcomingrequirements. Contributes to the establishment of key risks indicators (KRIs)and tracking and reporting methodologies as part of a standard system ofmeasurement and reporting. Contributes to the development of projects andprograms to improve compliance and enhance the control environment. Analyzescontrol processes to ensure they are in compliance with all applicable laws,rules and regulations. Validates the appropriateness of control processes orcontributes to the development of improvements. Guides the assigned businessunits in implementing improvements. Maintains strong working relationships withoutside regulators, government officials and senior business unit managers inorder to ensure the timely delivery of information and increase the likelihoodof favorable conditions for compliance activities. Assesses the effectivenessof complex controls that help ensure ongoing compliance with key laws,regulations and policies affecting BNY Mellon businesses. Prepares complex,comprehensive, risk based reviews of existing and emerging regulatoryrequirements and provides prompt, focused feedback to business management onconcerning issues and control gaps. May contribute to the development ofrecommendations for corrective action and issue tracking to ensure resolutionefforts proceed timely and effectively. Contributes to the preparation ofcomplex, time sensitive reporting and appropriately escalates issues to seniormanagement. No direct reports; provides guidance to more junior team membersand assigns tasks. Contributes to the achievement of team objectives. Modifiedbased upon local regulations/requirements.

Qualifications
Bachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 10-12 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.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
Minorities/Females/Individuals With Disabilities/Protected Veterans.


Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85162
Job: Compliance
Organization: Pershing Domestic-HR06431
Requisition Number: 1902313