Principal, Compliance Issuer - Canada

Overview

Principal, Compliance Issuer - Canada

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.

• Knowledge of Anti-Money Laundering requirements in Canada as overseen by OFSI.
• Knowledge of Anti-Money Laundering requirements in the Cayman Islands as overseen by the Cayman Islands Monetary Authority.
• Responsible for the development of the compliance strategy for the assigned business units.
• Independently contributes to the compliance efforts of the business units and may direct the work of more junior professionals.
• Responsible for assisting the business units by developing strategies to bring them into compliance with complex regulatory and policy requirements.
• In partnership with business unit senior managers, responds to and develops compliance reporting and may present reporting to leadership.
• Based on assessments of controls, advises business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Analyzes existing and proposed legislation, regulatory announcements and industry practices in order to lead the assigned businesses in developing and implementing procedures to meet existing and upcoming requirements.
• Assigns analysis activities to more junior professionals.
• Contributes to the establishment of key risks indicators (KRIs) and tracking and reporting methodologies as part of a standard system of measurement and reporting.
• Contributes to the development of projects and programs to improve compliance and enhance the control environment.
• Assesses the effectiveness of current risk prevention and mitigation projects to ensure managers in the assigned business units are equipped with the education to identify and judge the severity of risks.
• Analyzes control processes to ensure they are in compliance with all applicable laws, rules and regulations.
• Validates the appropriateness of control processes or contributes to the development of improvements.
• Guides the assigned business units in implementing improvements. Provides direct input to more junior professionals to improve their understanding of compliance, control and documentation policies.
• Maintains strong working relationships with outside regulators, government officials and senior business unit managers in order to ensure the timely delivery of information and increase the likelihood of favourable conditions for compliance activities.
• Is beginning to lead the development of training and education for the assigned business unit on risk management and compliance requirements.
• Collaborates with the business unit to develop the appropriate training materials. Assesses the effectiveness of complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses.
• Prepares complex, comprehensive, risk based reviews of existing and emerging regulatory requirements and provides prompt, focused feedback to business management on concerning issues and control gaps.
• May contribute to the development of recommendations for corrective action and issue tracking to ensure resolution efforts proceed timely and effectively.
• Contributes to the preparation of complex, time sensitive reporting and appropriately escalates issues to senior management.
• No direct reports, provides guidance to more junior team members and assigns tasks.
• Contributes to the achievement of team objectives. Modified based upon local regulations/requirements.

• Bachelor's degree or the equivalent combination of education and experience is required.
• Business or Finance degree preferred.
• 10-12 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.

• 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'