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.

Job Purpose: 

The role of the Lead Management, Financial Crimes Compliance Advisory, is to provide 2nd Line of Defence (2LOD) review, challenge, and advice in relation to financial crimes matters, including a focus on enhanced customer due diligence for correspondent relationships. The role will oversee the UK/EU correspondent relationship due diligence process, supporting the business and KYC teams in relation to escalations concerning due diligence on our customers’ financial crimes programmes. The role will also provide support for other 2LOD financial crimes advisory responsibilities, including review and challenge of High Risk Memos submitted to the EMEA Anti-Money Laundering Committee (EAMLOC), production, oversight, and challenge of financial crimes Management Information (e.g., overdue KYC, compliance-approved extensions, and the Fast Track process), 2LOD support for incoming KYC/due diligence requests and Requests for Proposals (RfPs) (e.g., provision of relevant AML letters to counterparties), and providing 2LOD support on other customer due diligence / enhanced customer due diligence matters, as required.  

Key Responsibilities:

• Correspondent Relationship Due Diligence: oversee the UK/EU correspondent relationship due diligence process, supporting the business and KYC teams in relation to escalation of gaps identified through due diligence on our customers’ financial crimes programmes. Provide advice as a Subject Matter Expert on financial crimes compliance programme expectations for banks and financial institutions, including whether client responses concerning their financial crimes control framework addresses the gaps identified through customer due diligence. 
• High Risk Memos: review and challenge high risk memos submitted by the business to ensure there is a clear articulation of risks and risk mitigants and that relevant enhanced due diligence requirements have been met prior to submission to EAMLOC.
• 2LOD support for incoming KYC/due diligence requests and Requests for Proposals: act as the central point of contact for the 1st Line of Defence (1LOD) to provide 2LOD support in relation to incoming KYC requests, due diligence on BNY Mellon EMEA legal entities and branches, and RfP responses. Direct the 1LOD to relevant resources and contribute to developing the suite of materials available to meet client and counterparty expectations and needs.
• Governance and Management Information (MI), Escalation and Reporting: assisting with development of financial crimes MI for key governance committees and otherwise supporting escalation and cascading of financial crimes issues through reporting or other channels so that key financial crimes risks are identified, discussed and mitigated. Oversight, review, and challenge of MI in relation to overdue KYC, compliance-approved extensions, and the Fast Track process.
• Additional Responsibilities
• Liaising with colleagues/peers in other jurisdictions on EMEA Financial Crimes Compliance programme matters and issues of common interest.
• Building a strong understanding of the EMEA Financial Crimes Compliance Framework, including governance and escalation requirements.
• Supporting the Head and Deputy Head of EMEA Financial Crimes Compliance on strategic initiatives or programmes, as needed.

Generic Staff Responsibilities:

• Comply with all BNY Mellon corporate policies and procedures, including the Code of Conduct, HR policies and procedures, applicable to BNY Mellon
• Notify EMEA Financial Crimes Compliance management immediately on discovery of any material regulatory breach or other material compliance issues.
• Comply with all Security and Health & Safety policies and procedures operating within the business

Core Competencies:

• Critical Thinking
• Attention to Detail
• Analysis and Drafting Skills
• Communication Skills
• Interpersonal Skills
• Managing Risk

Job Specific Competencies / Technical Skills / Knowledge

• Financial services financial crimes / compliance / legal experience
• Knowledge of financial crimes laws, regulations, and the expectations of European and/or UK regulators
• Ability to work under time pressure in a calm, professional manner and in a complex environment where there is regular and often overlapping regulatory change
• Strong analytical skills, problem-solving ability, and attention to detail
• Excellent communication and interpersonal skills
• Good planning and organisational skills
• Collaborative approach and ability to work well within a team environment
• Ability to take on and complete tasks with minimal oversight
• Awareness of US and other financial crimes international rules or best practice standards an advantage
• Experience of working in a complex global firm would be an advantage

Academic/Professional Qualifications (or equivalent qualifiers)

Bachelor’s degree or the equivalent combination of education and experience 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.