Senior Principal, Compliance & Control
Responsible for the development of the compliancestrategy for the assigned business units. Advises on the compliance efforts ofthe business units and directs the work of more junior professionals.Responsible for reviewing work completed by more junior professionals toconfirm accuracy, timeliness and completeness. Responsible for assisting thebusiness units by developing strategies to bring them into compliance withhighly complex regulatory and policy requirements. In partnership with businessunit senior managers, responds to and develops compliance reporting andpresents reporting to leadership.
Based on assessments of controls, advises businessunits on the implementation of improvements and the completion of appropriatedocumentation when control changes are made. Directs analyses of existing andproposed legislation, regulatory announcements and industry practices in orderto lead the assigned businesses in developing and implementing procedures tomeet existing and upcoming requirements. Assigns analysis activities to morejunior professionals. Contributes to the establishment of key risks indicators(KRIs) and tracking and reporting methodologies as part of a standard system ofmeasurement and reporting.
Develops projects and programs to improve complianceand enhance the control environment. Directs the assessment of theeffectiveness of current risk prevention and mitigation projects to ensuresenior managers in the assigned business units are equipped with the educationto identify and judge the severity of risks. Recommends areas and topics wherefurther education is needed based on assessments and implements approvededucation activities. Develops the assigned business units' strategy foranalyzing control processes to ensure they are in compliance with allapplicable laws, rules and regulations.
Assigns analysis activities to more juniorprofessionals in support of the strategy. Uses strong industry experience tovalidate the appropriateness of control processes or direct the development ofimprovements. Directs the assigned business units in implementing improvements.Provides direct input to more junior professionals to improve theirunderstanding of compliance, control and documentation policies. Uses strongworking relationships with outside regulators, government officials and seniorbusiness unit managers to influence compliance activities across multiplebusiness units, ensure the timely delivery of information and increase thelikelihood of favorable conditions for compliance activities.
Leads the development of training and education forthe assigned business units on risk management and compliance requirements.Guides business unit management on appropriate methods for assessing educationneeds and determining the appropriate materials to be developed. Assignsmaterial development tasks to more junior professionals. Directs lessexperienced professionals in assessing the effectiveness of highly complexcontrols that help ensure ongoing compliance with key laws, regulations andpolicies affecting BNY Mellon businesses throughout the world.
Prepares and may deliver complex, comprehensive, riskbased reviews of existing and emerging global regulatory requirements andprovides prompt, focused feedback to business management on concerning issuesand control gaps. Independently develops recommendations for corrective actionand issue tracking to ensure resolution efforts proceed timely and effectively.Prepares highly complex, time sensitive reporting and appropriately escalatesissues with a potentially global impact to senior management.
Directs event analyses, including confirmed losses,breakdowns in control and 'near misses' to identify root causes of the controlfailures. Contributes to the design and implements approved remedial solutions.No direct reports. Provides guidance to more junior team members and assignstasks. Directs the achievement of multiple teams' objectives. Modified basedupon local regulations/requirements.
Ensures that core privacy controls are implemented,maintained, monitored, and that line of business specific privacy proceduresare up to date. Evaluates impact anddrives the implementation of changes for their line of business to supportnew/revised privacy regulations. Demonstrates accountability for the remediation of issues and actionsrelating to privacy, e.g. arising from Data Protection Impact Assessments,Privacy by Design, Compliance Monitoring Reviews, and Internal Audits. Represents the line of business as the singlepoint of contact on all enterprise privacy forums and committees. Provide SME leadership and BAU advisory,proactively manage privacy risk, drive privacy compliance and culture (training& awareness). Provides oversight andleadership in the investigation, remediation, documentation and reporting ofincidents with privacy impact. Qualifications
Bachelors degree or the equivalent combination of education and experience is required. Business or Finance degree preferred.15-18 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. 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. Primary Location:
United States-New Jersey-Jersey City Internal Jobcode:
Pershing Domestic-HR06431 Requisition Number: