Senior Vice President, Compliance & Control (Compliance Testing) - BNY Mellon

Overview

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of Senior Vice President, Compliance & Control (Compliance Testing) to join our Enterprise-Wide Risk team. This role is located in Pittsburgh, PA / Lake Mary, FL – HYBRID.

In this role, you’ll make an impact in the following ways: 

General Responsibilities: 

• Plan, risk assess and implement the timely, efficient and effective Compliance Testing reviews within the Americas. 
• Influence and input, where necessary, compliance policies and procedures within Compliance and the business. 
• Investigate compliance issues and regulatory matters arising, and/or ad hoc thematic reviews, in compliance within Compliance Testing standards, procedures and protocols 
• Provide recommendations for improvements where deficiencies are identified and monitor resolution/implementation of the recommendations. 
• Assess the impact of upcoming and new legislation/regulations insofar as relates to Compliance Testing planning and execution. 
• Ensure that the Compliance Testing system is timely updated to reflect current status of Compliance Testing reviews and issues. 
• Promote a strong compliance culture within the business. 
• Assist colleagues, domestically and globally as applicable, with regulatory requirements and corporate policy/procedures implementation. 
• Support the Head of Americas Compliance Testing in the execution of the annual Compliance Testing plan and any delegated ad-hoc assignments. 

Compliance Testing:

• Participate in the preparation of the annual Compliance Testing Plan. 
• Schedule, execute and/or oversee the timely, efficient and effective completion of Compliance Testing reviews to facilitate completion of the annual Compliance Testing Plan. 
• Ensure Compliance Testing reviews are properly documented within Compliance Testing standards in order to support the results of the assessments made in supporting test works papers and Compliance Testing Report. 
• Prepare Compliance Testing Reports detailing and rating issues, obtaining Action Plans and Target Dates from the business to remediate issues identified and issue final Compliance Testing Reports to senior management and business partners. 
• Follow-up and track Compliance Testing issues identified to remediation: validate the agreed upon Action Plans identified in Compliance Testing Reports. 

Compliance Policies and Procedures:

• Ensure, where appropriate, contributions are made to the Compliance Testing Manual.
• Identify and assist with the preparation of new compliance policies or armed policies as appropriate

Compliance Issues and Regulatory Role:

• Respond to queries from staff, or external parties, insofar as they relate to Testing.
• Carry out project work on specified regulatory obligations or issues arising.
• Participate in the interpretation of new legal and regulatory requirements, identify relevant requirements, and oversee implementation of these requirements, where appropriate.
• Assist in any regulatory visits and information requests
• As applicable provide the sharing of knowledge and deliver training to team members in the product areas required of this position.
• Attend compliance related meetings with business partners, as applicable, in relation to the Compliance Testing plan and Issue identified.

Management Information Systems:

• As applicable, input to Compliance reporting on a regular basis for the Board, Management and Compliance Committees.
• Report Significant Testing findings to the appropriate business partners.

Bachelor s degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 10-15 years of total work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with the assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.

At BNY, our culture speaks for itself. Here’s a few of our awards: 

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY 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, including paid volunteer time, that can support you and your family through moments that matter. 

 

BNY 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.

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.