Business Compliance Advisory Officer

Added: February 8, 2023
  • Country: United States
  • Region: Pennsylvania

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of March 31, 2020, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on Follow us on Twitter @BNYMellon or visit our newsroom at for the latest company news.

Risk and Compliance provides risk and compliance services across all BNY Mellon businesses. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics.

Credit Services (CS) is the traditional lending business of BNY Mellon. The business focuses on positioning the bank’s balance sheet to generate assets and net interest income and to broadly support strategic client relationships while taking an appropriate level of risk. CS is comprised of six business segments:

Institutional lending - Drives the extension of traditional and intraday credit for existing and prospective clients
Real Estate - Responsible for the Institutional Bank's real estate, mortgage banking and Community Reinvestment Act-related lending and investment activities
Syndications - Structures, arranges and administers syndicated credit facilities and sells/purchases in secondary market
Leasing - Specializes in offering single investor leases and loans secured by equipment. The single investor leases typically include minimal or no equipment residual value risk
Community Banking - Provides cross enterprise solutions to community-based financial institutions with a focus on liquidity solutions, operational support, equity investment and technology infrastructure
Corporate Banking - Provides coverage for large, complex corporate clients with credit and partners with lines of business RM/Sales to cross sell, retain and grow business
The role holder will be the compliance advisory lead for CS which will be the principal focus of the role. Business Compliance Officer, CS, is required to take a leading role in supporting the CS business in remaining compliant with regulatory requirements and corporate compliance policies. The position will play a key role in the day-to-day activities of the Business Compliance team, particularly in relation to CS and regulatory transformational projects, as well as other products within CS. 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 defense on a wide range of topics, including compliance, regulatory and operational elements of CS products, services, roles and responsibilities.

Responsibilities: (Key parts to the job role)

Provide accurate and timely technical advice and guidance to business/business partner colleagues on regulatory compliance and operational issues.
Analyze existing rules, regulations, consultative papers and other regulatory announcements and industry practices to ensure CS is in compliance with current 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 and Risk partners to design and implement improvements to those controls, where necessary.
Provide input to the strategic direction of the Business Compliance Officer’s responsibilities
Undertake Compliance Risk Assessments on assigned lines of business and collaborate with the business to remediate residual risks and control weaknesses
Provide constructive challenge within meetings regarding relevant regulatory requirements.
Participate in or leading 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 escalates issues to more experienced professionals.
Requirements; (what we are looking for)

Key Competencies and skills:

Focused attitude to work with the ability to meet deadlines while ensuring attention to detail and high level of accuracy.
Excellent interpersonal and communication skills with senior business management
An ability to provide strategic leadership within the immediate team and wider Compliance group.
An ability to provide effective and constructive challenge.
Strong analytical skills, detail focused; ability to identify patterns or connections between situations that are not obviously related and to determine key underlying issues in complex situations.
Ability to think pragmatically and proactively suggest solutions;
Team player and flexible in a fast-paced environment
Articulate and able to represent Compliance to senior business personnel and external stakeholders with confidence.
Good writing and presentation skills
Qualifications - External

Bachelor’s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 7-10 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.

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