Business Compliance Officer, Corporate Trust and Legal Entity Officer

at  BNY Mellon

Overview
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We’re seeking a future team member for the role of Business Compliance Officer, Corporate Trust and Legal Entity Officer to join our Compliance team. This role is located in Dublin.

TEAM DESCRIPTION:

The Second Line Risk and Compliance Function provide risk and compliance services across all BNY businesses including the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Compliance helps ensure BNY’s businesses maintain appropriate processes to comply with applicable laws, regulations, BNY policies and ethics.
Compliance is an independent function ultimately reporting to the Chief Risk Officer. The Compliance function is comprised of four main compliance pillars supporting BNY’s Legal Entity and Business Line obligations:
Financial Crime Compliance
Compliance Advisory
Compliance Testing - Executes a risk-based compliance testing programme, issues testing reports, tracks findings and remediation to closure.
Centralised Functions consisting of Management of Horizon Scanning process, Second Line advisory support on Third-Party Governance Operations and Technology, Employee Compliance overseeing Code of Conduct, Training, Policy Management and Securities Trading and Compliance Assurance Programmes.
Job Purpose
This role will support Corporate Trust Business in EMEA from a Business Compliance perspective, and also the Bank of New York SA/NV, Dublin Branch (the Branch) a branch of an EEA Credit Institution which operates BNY’s Trustee and Depositary and Corporate Trust businesses in Ireland.
This Business Compliance Officer (BCO)/Legal Entity Compliance Officer role is to support the Corporate Trust and Trustee and Depositary lines of business by ensuring their compliance with regulatory requirements and corporate compliance policies. The role holder will play a key role in the day-to-day activities of the Compliance team in relation to regulatory transformational projects, Business Acceptance, Strategic Programmes, advisory support to the Business, regulatory change events and overseeing regulatory interactions. In addition, the role holder will represent Compliance at senior internal business/governance forums and external meetings as required. The role requires providing guidance and advice to key stakeholders in the first and second lines of defence on a wide range of topics, including compliance, regulatory and operational elements of Corporate Trust products, services, roles and responsibilities.
The role holder is deemed to be performing a Controlled Function (“CF 2”) as defined in the Central Bank Reform Act 2010 and the role holder is required to meet and maintain the Standards of Fitness and Probity outlined in the code issued by the Central Bank of Ireland pursuant to section 50 of the Act.

TECHNICAL COMPETENCE & EXPERIENCE:

Prior experience (5-7 years) within a Compliance, Risk, Trustee or Control framework of a Financial Institution with experience Corporate Trust products preferable
Financial Services, Operations, Compliance or Audit background
Relevant technical knowledge of UK and EMEA conduct regulatory framework
At BNY, our culture speaks for itself. Here’s a few of our awards:
America’s Most Innovative Companies, Fortune, 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion , Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023

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: bnymellon.com/careers

Provide accurate and timely technical advice and guidance to business/business partner colleagues on regulatory compliance and operational issues.
Analyse existing rules, regulations, consultative papers and other regulatory announcements and industry practices to assist the assigned businesses develop and implement procedures to meet existing and upcoming requirements
Evaluate control processes to ensure they are designed to mitigate risks arising from applicable laws, rules and regulations and are operating effectively; work with the business to design and implement improvements to those controls, where necessary.
Provide input to the strategic direction of the BCO responsibilities
Undertake Compliance Risk Assessments of Corporate Trust and collaborate with the business to remediate residual risks and control weaknesses
Provide constructive challenge within meetings regarding relevant regulatory requirements.
Participate in or lead the delivery of Compliance related training.
Provide support to the Business and Compliance testing teams at the appropriate stages of Compliance Testing reviews. This comprises sharing of information with Compliance Testing colleagues regarding the business lines and/or regulatory themes they are planning to review and assisting the Business in designing and implementing any corrective action identified through the testing reviews.
Contribute to the preparation of time sensitive reporting and appropriately escalate issues to more experienced professionals.
Review group/regional Compliance policies to determine appropriateness for Irish business units.
Assists in the oversight of all outsourcing activities, providing advice on external regulatory and internal Policy expectations on the matter.
Working with Office of Regulatory Relations (ORR) to ensure that all correspondence received from the Central Bank of Ireland and ECB/NBB is responded to on a timely basis and communicated to the Head of Compliance SA/NV and to the Branch Management Team in Ireland.
Requirements;
Degree level qualification (or equivalent)
Industry compliance qualifications/Professional qualifications