Overview

ABOUT BNY MELLON

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 and wealth management and investment services in 35 countries. As of March 31, 2021, 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 www.bnymellon.com Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

The role of the EMEA Deputy Head of Economic Sanctions is primarily to assist the EMEA Head of Sanctions in the development and maintenance of a robust sanctions framework for the EMEA Region ensuring compliance with all applicable sanctions programs.  The role includes leading core elements of the framework for EMEA, including:  timely regulatory analysis, rule and controls mapping, supporting policy development and maintenance, training & awareness, in order to support BNY Mellon Lines of Business and Legal Entities in complying with regulatory requirements and expectations and with corporate compliance policies.

Key Responsibilities:

• Assist the EMEA Head of Sanctions in the oversight of the EMEA sanctions / screening compliance program as stipulated by the Global Economic Sanctions Policy, the EMEA Economic Sanctions Policy and Global Anti-Money Laundering Policy.
• Deputise as the Regional Compliance Officer in relation to the requirements within the Global Economic Sanctions Policy, including knowledge of relevant business/business partners and their clients, products/services, vendors, employees, other static data and transactions.
• OFAC / Economic Sanctions Compliance Program: Ensure that each business/business partner has implemented an appropriate OFAC/Economic Sanctions Compliance Program and assist with enhancement and developments as necessary.
• Sanctions Advisory: Provide subject matter expertise on US, UK and EU economic sanctions laws, regulations and requirements in the UK and EMEA to regional business and business partners as required. In conjunction with the Legal Department and other members of Sanctions Compliance, evaluate new products and services prior to implementation to identify and respond to regulatory compliance concerns. Serve as escalation point for sanctions issues within EMEA.
• Policies and Procedures: Develop and maintain relevant policies and procedures, including appropriate controls in conjunction with Business Sanction Coordinators and MLROs. Provide input to global policy updates.
• Regulatory Analysis: Respond rapidly to new sanctions developments; Take the lead on analysis of new and amended sanctions related regulations impacting the UK and EU and their applicability in the wider EMEA region.  Working with global, regional and local colleagues, take a leading role on gap analyses, as required, to consider the impact on individual business lines and legal entities, including advising on screening requirements for clients and transactions against EU and local sanctions lists in the UK, EU and EMEA region.  Ensure appropriate support for regulatory projects within impacted areas.
• Identify and respond to potential conflicts of law or regulatory expectation among relevant jurisdictions through consultation with the Global Head of Sanctions, the EMEA Head of Sanctions and Legal Department as necessary. 
• Economic Sanctions Awareness & Training: Conduct periodic training needs analysis and design and deliver targeted economic sanctions training in light of that analysis to increase awareness of economic sanctions obligations and internal compliance responsibilities, helping to promote a culture of compliance and control.
• In conjunction with the EMEA Head of Sanctions, assist Business Operations and Technology with the implementation of electronic filter/screening solutions or other appropriate monitoring processes and enhancements thereto applicable in the EU, the UK and wider region.
• Coordinate the regional preparation of annual blocked property reports.
• Assist with the development of the periodic sanctions risk assessments and review and comment on EMEA business and legal entity submissions.
• Review OFAC surveys and Data Lineage Card Submissions prepared by the businesses and coordinate their presentation to the OFAC Advisory Group.
• Act as EMEA representative on OFAC Advisory Group.
• Governance and MI, Escalation and Reporting: In conjunction with MLRO ensure regular economic sanctions updates are provided to the regional Anti-Money Laundering oversight Committee (EAMLOC) and the OFAC Advisory Group, including escalation of significant issues and also development of MI.   

Additional Responsibilities:

• Liaising with colleagues/peers in other jurisdictions on Regional Economic Sanctions programme matters and issues of common interest
• Using extensive industry experience to make well informed decisions that have positive impact on the strategic direction of the function and by providing technical advice to the team.

Governance Responsibilities:

• Helping to ensure that a strong governance culture is embedded within the region, that issues are escalated and cascaded appropriately and that key risks are identified, discussed and mitigated.
• Building a good understanding of the EMEA governance framework, including escalation requirements. 

Generic Staff Responsibilities:

• Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures and departmental procedures
• Alert management immediately of any significant changes to business risks and internal control effectiveness
• Notify management and the Head of EMEA Compliance and/or the Chief Compliance and Ethics Officer immediately on discovery of any material regulatory breach
• Comply with all Security and Health & Safety policies and procedures operating within the business.

Job Specific Competencies / Technical skills / knowledge:

• Extensive Economic Sanctions / Compliance / Legal experience
• Thorough knowledge of laws, regulations and expectations of European and UK Regulators 
• Working knowledge of US sanctions; knowledge  of other foreign sanctions laws and regulations an advantage
• Ability to work under time pressure in calm, professional manner in an environment of change
• Strong analytical skills, problem-solving ability and attention to detail
• Excellent communication and interpersonal skills
• The ability to handle stressful situations with internal clients and regulators, while maintaining a professional approach to problem solving. 
• Ability to effectively deal with senior management as well as Regulators as required
• Strong planning skills
• Collaborative approach and ability to work well within a team environment
• Proven sound judgment
• Ability to take on and complete tasks with minimal oversight
• Ability to drive compliance requirements in the business and achieve results 
• Experience of working in a global firm an advantage
• Experience of working with regulatory bodies an advantage
• Proven leadership abilities with experience of reporting to senior management and governance fora.
• Academic/Professional Qualifications (or equivalent qualifiers)
• Legal or Bachelor’s degree; experience in sanctions and related fields is required.

Our offer:

• Full time contract of employment
• City Centre locations close to main railway station and flexible working arrangements
• Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program
• Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs
• Pension scheme 
• On-site childcare and a parental buddy programme
• Exciting opportunities for career and global mobility
• Diverse and inclusive environment
• Employee Referral Program
• Recognition programmes

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.