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Principal, Regulatory Oversight Management

Employer
BNY Mellon
Location
Manchester, United Kingdom
Salary
Competitive
Closing date
May 28, 2023

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview
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 over 238 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 UK THIRD PARTY OVERSIGHT MANAGER to join our UK Third Party Oversight team. This role is located in Manchester, UK.
In this role, you'll make an impact in the following ways:
  • Develop and embed enhanced controls over external vendor outsource providers, working in collaboration with the global Enterprise Change, Resilience and Sourcing Office (ECRSO), UK Legal Entity Risk Office, Compliance and business and legal entity stakeholders.
  • Represent the UK legal entities at the weekly Regulatory Notification and Approval (RNA) reviews of new external vendor engagements.
  • Facilitate the assessment of new external vendor outsourcing engagements for CASS consideration.
  • Maintain the UK legal entity lists and registers of material external vendor providers, in close collaboration with the primary engagement managers, certified person contacts and ECRSO.
  • Validate and calibrate the materiality and outsourcing assessments, in close collaboration with the second line of defence and Senior Manager Functions (under the Senior Managers Certification Regime) and facilitate the necessary governance body approvals and regulatory notification.
  • Provide regular Management Information reporting at Board and Committee level for material external vendor engagements.
  • Creation of monthly status reports to Risk Management Committees and updates to Board and Committees with respect to the UK Third Party Oversight Framework.
  • Maintenance of existing and creation of new effective relationships with global ECRSO stakeholders, line of business leads, UK service recipients and EMEA counterparts to facilitate efficient and effective outsourcing processes across the region, developing and adopting tools as required.
  • Timely implementation of remediation of audit, compliance monitoring and self-identified issues.
  • Provide subject matter input into regional and global third party governance initiatives.
  • Actively review and look for opportunities for process improvements and best practice adoption across the UK Banking Legal Entities and the wider organisation.
To be successful in this role, we're seeking the following:
  • Experienced in External Third Party Outsourcing and Third Party Risk Management, in particular the requirements of the Prudential Regulation Authority's Supervisory Statement 2/21.
  • Experienced in senior management reporting with a strong awareness of governance structures.
  • Experienced in MI collation analysis and challenge.
  • Attention to detail with respect to activities such as senior management report writing, reconciliation and data analysis.
  • Proven PC skills, including the utilisation of advanced Excel and Sharepoint functionality.
  • Good understanding of at least one or more of the UK Banking Legal Entities key businesses/products; Asset Servicing, Corporate Trust, Global Accounting Services, Transfer Agency or Treasury Services is preferred.
  • Strong organisational skills with the ability to prioritise and meet regulatory deadlines in a pressurised environment.
  • Strong written and verbal communication skills.
  • Self-motivated individual with the ability to work independently and as part of a team.
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
  • Bloomberg's Gender Equality Index (GEI)
  • Best Places to Work for Disability Inclusion , Disability: IN - 100% score
  • 100 Best Workplaces for Innovators, Fast Company
  • Human Rights Campaign Foundation, 100% score Corporate Equality Index
  • CDP's Climate Change 'A List'
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.

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.

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