Senior Compliance Officer, Issuer Services (Corporate Trust, Depositary Receipts)

The Bank Of New York Mellon Pittsburgh , PA 15201

Posted 2 months ago

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Team Description: (Overview of the team)

Risk and Compliance provide risk and compliance services across all BNY Mellon businesses including the following groups: Risk Management, Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers risk services and ensures new business risks are reviewed and approved. Compliance helps ensure BNY Mellon's businesses maintain appropriate processes to comply with applicable laws, regulations, BNY Mellon policies and ethics. Business Compliance provide the second line of defence on compliance and regulatory issues for all lines of business in EMEA, assisting the business through regulatory requirements, best practices and regulatory relationships.

Job Purpose:(What the job role involves)

Business Compliance Officer, Issuer Services, is required to take a leading role in supporting the BNY Mellon Corporate Trust and Depositary Receipts lines of business in remaining compliant with regulatory requirements and corporate compliance policies. Corporate Trust serves as an intermediary between debt issuers, investors and market infrastructure providers. It provides trustee, agency, banking, custody and loan administration services in the debt capital markets. Depositary Receipts is the mechanism by which foreign companies can list and raise capital in the U.S. and other markets. The business provides local custody arrangement and ongoing program administration, investor relations support for issuers, and registrar and transfer agency services for DR holders. Revenue is generated from fees charged to investors for settlement activities, corporate actions, and depositary servicing.

As a Senior Compliance Officer, you will contribute to regulatory work through the identification, legal assessment of and advice on regulatory requirements relating to the Bank's activities. The responsibilities will focus on Corporate Trust and Depositary Receipts and other institutional businesses as appropriate and broadly include providing oversight, challenge, advisory and training to the business (first line of defense) employees around Regulatory Compliance issues, including matters relating to institutional ethics and conflicts of interest, best banking practices, conduct risk, regulatory reporting, new product development, as well as matters relating to US and Canadian regulatory requirements. A key objective of your role will include the management of these requirements in business activities to develop solutions that will strengthen the Compliance function, as a second line of defense.

Supporting the business in providing high quality conduct and compliance advice and oversight to the business on key regulatory risks and issues in respect of business as usual activities (please see below) as well as from forthcoming changes to regulations and/or significant business changes/projects (including product developments, new/amended business processes and IT systems). You will assist the business in establishing and maintaining sufficiently effective compliance controls and procedures, ensuring that regulatory obligations are met, weaknesses or control failures are addressed by local management and poor customer outcomes are avoided

You will also conduct independent risk-based monitoring in line with the annual Compliance Plan and ensure there are effective actions addressing the underlying causes of any problems identified. You will provide Compliance reports in respect of risk-based monitoring and testing to 1st Line Management and 2nd Line Compliance Function. Working with the management you will formulate joint plans for reviewing processes and practices such that any risk is minimized, and transition to new requirements is speedy and effective.

Responsibilities:(Key parts to the job role)

  • Provide strategic advice and inputs to the compliance policy development process in the areas pertaining to US and Canadian-specific regulations by working with key compliance partners in the Americas, UK, EU and APAC countries where BNY Mellon has a presence. Provide strategic guidance and inputs for risk assessments in the relevant subject matter areas

  • Prepare analyses and advice on regulatory requirements in the appropriate subject matter areas (such as regulations and directives), opinions and recommendations on compliance risks as well as benchmark Compliance processes and workflows against best practice and standards

  • Monitor compliance with regulatory requirements in the subject matter areas within Corporate Trust and Depositary Receipts and across the Bank and provide strategic advice on the required control framework

  • Identify gaps in the subject matter areas and make recommendations to Issuer Services Management for the implementation of remediation and/or potential measures of internal control

  • Act as liaison with the Bank's legal, risk and operational areas in the subject matter areas and contribute to the development of the operational and control environment enhancement plans and provide 2nd line oversight for implementation.

  • Provide coaching and support to less experienced colleagues to increase their knowledge in the field of expertise and to increase the efficiency and quality of the work activities carried out by the compliance group

  • Actively contribute to the review of training materials in the subject matter areas; and

  • Keep up to date with best practice, regulatory requirements and guidance from US, Canada, UK and EU and international standard setters, industry trends and developments and news reports with regard to subject matter areas to ensure state-of-the-art approaches to Compliance

Requirements (what we are looking for)


  • University degree level qualification

  • Industry compliance qualifications/Professional qualifications

Technical Competence & Experience:

  • Prior experience (5-7 years) with corporate trust or depositary receipts products

  • Solid understanding of financial services products and operations

  • Financial Services, Operations, Compliance or Audit background

  • Relevant technical knowledge of US and Canadian conduct regulatory framework and strong overall understanding of Issuer Services business

Key Competencies and skills:

  • Focused attitude to work with the ability to meet deadlines while ensuring attention to detail and high level of accuracy.

  • Excellent interpersonal and communication skills with senior business management

  • An ability to provide strategic leadership within the immediate team and wider Compliance group.

  • An ability to provide effective and constructive challenge.

  • Strong analytical skills, detail focussed; ability to identify patterns or connections between situations that are not obviously related and to determine key underlying issues in complex situations.

  • Ability to think pragmatically and proactively suggest solutions;

  • Team player and flexible in a fast-paced environment

  • Articulate and able to represent Compliance to senior business personnel and external stakeholders with confidence.

  • Good writing and presentation skills

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.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Compliance Officer Or Analyst Equity Capital Markets Compliance (Remote United States)

Robert W. Baird & Co. Incorporated

Posted 3 days ago

VIEW JOBS 6/30/2022 12:00:00 AM 2022-09-28T00:00 Now is a great time to join our Capital Markets Compliance team! We are seeking a Compliance Officer/Analyst who will be primarily responsible for Equity Trading Compliance, including equity program/electronic trading. A successful individual will bring expertise of the rules and regulations related to the U.S. cash equities markets and electronic trading including FINRA, SEC, and NYSE rules. Ability to effectively review and analyze complex situations and apply judgment to resolve issues in a timely manner with minimal supervision is required. As a Compliance Officer/Analyst on the Capital Markets team, you will: * Act as a resource and provide a high level of service to internal clients, providing interpretive advice as to the application of securities regulations to various business scenarios. * Respond to inquiries from firm employees regarding compliance and equity trading related issues. * Analyze potential violations of securities regulations and/or firm policy and take appropriate remedial or corrective action. * Perform detailed analysis of trading activities including REG NMS, SEC Rule 605/606, and Reg SHO. * Analyze and draft responses to regulatory inquiries from the SEC, FINRA, and other regulators. * Execute periodic testing of the firm's Capital Markets processes. * Review new rules to determine impact to supported businesses, amend policies/conduct training, and create additional surveillance reports as needed. * Develop and deliver compliance training as needed. What makes this opportunity great: * Unique culture that values diverse backgrounds and perspectives while emphasizing teamwork and a strong sense of partnership. * Opportunity to work alongside Baird Compliance professionals who are highly recognized and respected in our industry and throughout the firm. * Compliance roles involve a high degree of challenge. No work day will be the same due to expanding business and an ever changing regulatory environment. What we look for: * Bachelor's degree required. * Series 7, 24, and 57 licenses preferred or obtain within 6 months of hire. * Electronic Trading experience. * Experience with Fidessa preferred. * Strong analytical, organizational, critical thinking, and problem solving skills. * Experience and comfort with analyzing complex data. * High level of curiosity and comfort with the unfamiliar or unknown. * Ability to effectively communicate orally or in writing within all levels of the organization. #LI-AMP1 #LI-Remote Commitment to Inclusion & Diversity Baird is committed to inclusion & diversity for our clients, our associates and the communities where we live and work. This commitment stems from our culture of integrity, genuine concern for others and respect for the individual. We view inclusion & diversity as an ongoing journey - one of shared responsibility, continuous improvement and a focus on progress. We invite you to join us as we work together to foster an environment where diversity unites rather than divides us. Learn more here. Robert W. Baird & Co. Incorporated Pittsburgh PA

Senior Compliance Officer, Issuer Services (Corporate Trust, Depositary Receipts)

The Bank Of New York Mellon