Senior Specialist, SOX Control & Compliance

BNY Mellon
Pittsburgh, USA
Jan 31, 2023
Feb 14, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

Vice President - Regulatory Control and Compliance Testing


Put your professional experience to work for one of the world's most recognized and admired financial industry companies with a career at BNY Mellon.

Founded in 1784 by Alexander Hamilton, we have not only been an engine behind the evolution of the financial industry, but we have also evolved at every step. Today we are more than 50k+ employees across 35 countries as we continue to build momentum and achieve further growth .

As a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle, BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. Being one of the world's top asset management and banking firms that manages $42 trillion in assets, has 97% of the world's top banks as customers, and one of the first to use computing technology and access the largest dataset available globally, we have the insights, solutions, technology, and talent to shape the future of finance.

About SOX Compliance & Controls (SOX C&C)

SOX Compliance & Controls is a global team of professionals which assesses critical financial, regulatory, and technology processes/areas supporting all lines of businesses and functions around the world. We are a diverse, resilient, and unique group of experienced business & technology professionals based within the Company's Finance Department. SOX C&C also offers a developmental opportunity that extends beyond the traditional boundaries of our core functions, providing a well-rounded perspective of Finance, IT and the overall business.

SOX C&C is comprised of four primary areas, with opportunities for mobility across these areas for our employees:
  • Internal Control over Financial Reporting (ICFR) - SOX 404 Compliance
  • Internal Control over Regulatory Reporting (ICRR)
  • Basel Independent Verification (BIV)
  • Information Technology

We would like you to be a part of this exciting and growing team that will enable you to obtain extensive exposure and insight across BNY Mellon!

Department Overview:

Basel Independent Verification (BIV) is responsible for leading verifications of Basel (Capital) and BCBS 239 regulations. BIV independently assesses the internal control framework, regulatory compliance, and data integrity to ensure compliance with the Basel rules and BCBS 239 principles. BIV is a part of the SOX Compliance and Controls team.

Essential functions include:
  • Lead reviews of varied complexity and regulatory risk exposure related to Basel and BCBS 239
  • Conduct testing of controls, compliance, and data integrity using innovate tools and testing techniques
  • Identify issues and communicate/consult with various levels of management to ensure corrective actions address root causes
  • Lead the annual Basel/BCBS 239 effectiveness review that is communicated to the Risk Committee of the Board
  • Stay abreast of current developments and regulatory pronouncements related to Basel and BCBS 239
  • Build and maintain key working relationship with professionals including but not limited to Finance, Risk and Compliance, Enterprise Data Management, and Internal Audit
  • Provide guidance on internal controls and regulatory compliance to all levels of management.
  • Provides technical advice/guidance to less experienced Control & Compliance roles.

  • Bachelor's Degree or the equivalent combination of education and experience is required
  • 7-10 years of total work experience preferred
  • Experience in public accounting, regulatory testing, SOX testing, Internal Audit, or Regulatory Reporting is required.
  • Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) is preferred.
  • Understanding of the Capital Rules, Basel reporting requirements, BCBS 239 principles, and/or regulatory reporting rules and practices is a plus
  • Experience in the Financial Services Industry is a plus
  • Experience with data and analytics tools such as Power Bi and Alteryx are a plus
  • Good time management skills, passion for results and personal accountability
  • Strong interpersonal, influencing, and communication skills
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 $77,750 and $155,000 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:

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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