Senior Compliance Officer, Issuer Services (Corporate Trust, Depositary Receipts)

Added: July 26, 2022
  • Country: United States
  • Region: Pennsylvania

Locations: Pittsburgh, PA, Chicago, IL, Houston, TX, or Jacksonville, FL

Job Purpose: (What the job role involves)

Business Compliance Officer, Issuer Services, is required to take a leading role in supporting the BNY Mellon Corporate Trust and Depositary Receipts lines of business in remaining compliant with regulatory requirements and corporate compliance policies. Corporate Trust serves as an intermediary between debt issuers, investors and market infrastructure providers. It provides trustee, agency, banking, custody and loan administration services in the debt capital markets. Depositary Receipts is the mechanism by which foreign companies can list and raise capital in the U.S. and other markets. The business provides local custody arrangement and ongoing program administration, investor relations support for issuers, and registrar and transfer agency services for DR holders. Revenue is generated from fees charged to investors for settlement activities, corporate actions, and depositary servicing.

As a Senior Compliance Officer, you will contribute to regulatory work through the identification, legal assessment of and advice on regulatory requirements relating to the Bank’s activities. The responsibilities will focus on Corporate Trust and Depositary Receipts and other institutional businesses as appropriate and broadly include providing oversight, challenge, advisory and training to the business (first line of defense) employees around Regulatory Compliance issues, including matters relating to institutional ethics and conflicts of interest, best banking practices, conduct risk, regulatory reporting, new product development, as well as matters relating to US and Canadian regulatory requirements. A key objective of your role will include the management of these requirements in business activities to develop solutions that will strengthen the Compliance function, as a second line of defense.

Supporting the business in providing high quality conduct and compliance advice and oversight to the business on key regulatory risks and issues in respect of business as usual activities (please see below) as well as from forthcoming changes to regulations and/or significant business changes/projects (including product developments, new/amended business processes and IT systems). You will assist the business in establishing and maintaining sufficiently effective compliance controls and procedures, ensuring that regulatory obligations are met, weaknesses or control failures are addressed by local management and poor customer outcomes are avoided

You will also conduct independent risk-based monitoring in line with the annual Compliance Plan and ensure there are effective actions addressing the underlying causes of any problems identified. You will provide Compliance reports in respect of risk-based monitoring and testing to 1st Line Management and 2nd Line Compliance Function. Working with the management you will formulate joint plans for reviewing processes and practices such that any risk is minimized, and transition to new requirements is speedy and effective.

Responsibilities: (Key parts to the job role)

Provide strategic advice and inputs to the compliance policy development process in the areas pertaining to US and Canadian-specific regulations by working with key compliance partners in the Americas, UK, EU and APAC countries where BNY Mellon has a presence. Provide strategic guidance and inputs for risk assessments in the relevant subject matter areas
Prepare analyses and advice on regulatory requirements in the appropriate subject matter areas (such as regulations and directives), opinions and recommendations on compliance risks as well as benchmark Compliance processes and workflows against best practice and standards
Monitor compliance with regulatory requirements in the subject matter areas within Corporate Trust and Depositary Receipts and across the Bank and provide strategic advice on the required control framework
Identify gaps in the subject matter areas and make recommendations to Issuer Services Management for the implementation of remediation and/or potential measures of internal control
Act as liaison with the Bank’s legal, risk and operational areas in the subject matter areas and contribute to the development of the operational and control environment enhancement plans and provide 2nd line oversight for implementation.
Provide coaching and support to less experienced colleagues to increase their knowledge in the field of expertise and to increase the efficiency and quality of the work activities carried out by the compliance group
Actively contribute to the review of training materials in the subject matter areas; and
Keep up to date with best practice, regulatory requirements and guidance from US, Canada, UK and EU and international standard setters, industry trends and developments and news reports with regard to subject matter areas to ensure state-of-the-art approaches to Compliance

Requirements (what we are looking for)


University degree level qualification
Industry compliance qualifications/Professional qualifications

Technical Competence & Experience:

Prior experience with corporate trust or depositary receipts products
Solid understanding of financial services products and operations
Financial Services, Operations, Compliance or Audit background
Relevant technical knowledge of US and Canadian conduct regulatory framework and strong overall understanding of Issuer Services business

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

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.
Reference : Senior Compliance Officer, Issuer Services (Corporate Trust, Depositary Receipts) jobs

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