Senior Vice President, Compliance & Control

at  BNY Mellon

BRING YOUR IDEAS. MAKE HISTORY.

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world’s top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital.
With 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about.
We’re seeking a future team member for the role of Senior Vice President, Treasury Services - Financial Crimes Compliance Advisory, EMEA . This role is located in Dubai, Hybrid

In this role, you’ll make an impact in the following ways:

• Supporting Treasury Services to enhance their understanding of financial crimes compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls. Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Independently contributes to global compliance and associated control environments and striking the balance between serving as a trusted advisor to the businesses and encouraging a culture of robust challenge to the businesses.
• Analysing existing and proposed legislation, regulatory announcements, and industry practices to advise BNY businesses, KYC operations and other stakeholders in developing and implementing procedures to meet existing and upcoming requirements and verify compliance with complex regulatory and policy requirements; make recommendations on compliance risks as well as benchmark Compliance processes and workflows against evolving industry standards.
• Providing enterprise-wide advice on entire business units’ strategy changes to further improve their ability to remain in compliance with or become compliant with organizational policies and regulations.
• Provision of strategic advice and inputs to the FCC compliance policy and standards development process in the areas pertaining to U.S. and global regulations by working with key compliance partners in respective EMEA countries where BNY has a presence. Provide strategic guidance and inputs for risk assessments in the relevant subject matter areas.
• Working with multiple stakeholders within the institution to enhance their understanding of compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls.
• Supporting the governance and oversight at the business level of firm-wide AML/KYC/OFAC efforts to plan, coordinate, and track the implementation of the Firm’s Global KYC policy standards.
• Coordination with FCC colleagues on the implementation and continued maintenance of Customer and Product Risk Rating methodology and controls.
• Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Contribute to developing and providing regular training to BNY businesses, operations and other stakeholders on key FCC topics and assisting the global businesses in developing regular communication on key compliance topics.

To be successful in this role, we’re seeking the following:

• Core skills required to achieving success in the role include knowledge and familiarity with U.S. and global AML Laws/Regulations including for Banks and NBFIs, particularly in the non-U.S. correspondent bank relationships space for provision of cross-border USD payments. The ability to comprehend changes to laws and regulations including reporting impact of changes to colleagues and senior management are important with strong written and verbal skills in order to communicate with senior management and staff. Able to provide training to businesses covered.
• Experience in defining and executing KYC change controls and periodic refresh strategy Operational knowledge of KYC rules implementation and maintenance. The role includes the needs to assist in maintaining strong working relationships with outside regulators, government officials and senior business unit managers to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities.
• Bachelor’s degree or the equivalent combination of education and experience is required. MBA, JD or professional certification preferred.
• Sufficient years of total relevant work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with Correspondent Banking/Payments and assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.

At BNY Mellon, our inclusive culture speaks for itself. Here’s a few of our awards:

• Fortune World’s Most Admired Companies & Top 20 for Diversity and Inclusion, 2023
• Bloomberg’s Gender Equality Index (GEI), 2023
• Human Rights Campaign Foundation, Corporate Equality Index, 2023
• Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2023
• Forbes Blockchain 50, 2023

Our Benefits:
BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

In this role, you’ll make an impact in the following ways:

• Supporting Treasury Services to enhance their understanding of financial crimes compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls. Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Independently contributes to global compliance and associated control environments and striking the balance between serving as a trusted advisor to the businesses and encouraging a culture of robust challenge to the businesses.
• Analysing existing and proposed legislation, regulatory announcements, and industry practices to advise BNY businesses, KYC operations and other stakeholders in developing and implementing procedures to meet existing and upcoming requirements and verify compliance with complex regulatory and policy requirements; make recommendations on compliance risks as well as benchmark Compliance processes and workflows against evolving industry standards.
• Providing enterprise-wide advice on entire business units’ strategy changes to further improve their ability to remain in compliance with or become compliant with organizational policies and regulations.
• Provision of strategic advice and inputs to the FCC compliance policy and standards development process in the areas pertaining to U.S. and global regulations by working with key compliance partners in respective EMEA countries where BNY has a presence. Provide strategic guidance and inputs for risk assessments in the relevant subject matter areas.
• Working with multiple stakeholders within the institution to enhance their understanding of compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls.
• Supporting the governance and oversight at the business level of firm-wide AML/KYC/OFAC efforts to plan, coordinate, and track the implementation of the Firm’s Global KYC policy standards.
• Coordination with FCC colleagues on the implementation and continued maintenance of Customer and Product Risk Rating methodology and controls.
• Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Contribute to developing and providing regular training to BNY businesses, operations and other stakeholders on key FCC topics and assisting the global businesses in developing regular communication on key compliance topics

To be successful in this role, we’re seeking the following:

• Core skills required to achieving success in the role include knowledge and familiarity with U.S. and global AML Laws/Regulations including for Banks and NBFIs, particularly in the non-U.S. correspondent bank relationships space for provision of cross-border USD payments. The ability to comprehend changes to laws and regulations including reporting impact of changes to colleagues and senior management are important with strong written and verbal skills in order to communicate with senior management and staff. Able to provide training to businesses covered.
• Experience in defining and executing KYC change controls and periodic refresh strategy Operational knowledge of KYC rules implementation and maintenance. The role includes the needs to assist in maintaining strong working relationships with outside regulators, government officials and senior business unit managers to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities.
• Bachelor’s degree or the equivalent combination of education and experience is required. MBA, JD or professional certification preferred.
• Sufficient years of total relevant work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with Correspondent Banking/Payments and assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred