Team Lead, Compliance & Control

Employer
BNY Mellon
Location
New York, USA
Salary
$53k
Posted
Dec 04, 2022
Closes
Dec 14, 2022
Ref
18008209
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview
Manages a regional/jurisdictional team of support staff responsible for supporting the assessment of regulatory and policy requirements in order to develop programs and projects to improve regional/jurisdictional compliance. Assists management in the assessment of data and development of reporting to support management's presentation of program and project recommendations to more senior managers. May recommend strategy changes to further improve the region's/jurisdiction's ability to remain in compliance with or become compliant with applicable laws, policies and regulations. Assists management with appropriately implementing the overall compliance strategy within the assigned region/jurisdiction. Guides the team's analysis of existing and proposed legislation, regulatory announcements and industry practices within the region/jurisdiction in order to identify opportunities for alignment with the global compliance strategy. Helps more senior managers within the region/ jurisdiction to appropriately implement approved procedures to meet requirements. Contributes to the assessment and validation of control processes to ensure compliance with laws, rules and regulations. Contributes to efforts to develop a strong compliance culture and increase organizational awareness of compliance roles and responsibilities within the assigned region/ jurisdiction. Continues to build relationships with business unit managers to increase the likelihood of timely completion of compliance activities and responses to reports issued by regulatory agencies or audit. Is beginning to build relationships with regulators and government officials and appropriately escalates issues raised by these contacts to more senior managers. Recruits, directs, motivates and develops support staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team. Provides feedback at the most critical times.Manages a regional/jurisdictional team of support staff responsible for providing technical support for professional and management staff's assessment of the effectiveness of controls that help ensure ongoing compliance with key laws, regulations and policies affecting regional/jurisdictional BNY Mellon businesses. Manages the team's support of comprehensive, risk based reviews of existing and emerging regulatory requirements. Reviews reporting produced by the team and appropriately escalates issues to more senior managers.Manages a regional/jurisdictional team of support staff. Responsible for the achievement of support team goals. Assists management with the financial resources of the team (budgets, expenses, etc.).Modified based upon local regulations/requirements.Bachelor's degree or the equivalent combination of education and experience is required. MBA or professional certification preferred. 3-5 years of total work experience, with 0-1 years of management 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.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $53,000 and $73,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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.

EEO Statement:

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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