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BNY Mellon

Quality Assurance Financial Crimes Compliance (FCC)

Pittsburgh, PA

Overview

Overview of BNY Mellon

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.

At BNY Mellon, compliance is everyone's responsibility. Accordingly, compliance and ethical standards are core components of all business functions and are fundamental to the culture and values of the company. All decisions and actions on behalf of the company must adhere to the highest standards of integrity.

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Job Description

BNYM's global Financial Crimes Compliance group is responsible for the Firm wide Anti-Money Laundering (AML)/Know Your Customer (KYC)/Customer Due diligence (CDD) and Economics Sanctions Compliance (collectively "FCC") Program. The team provides oversight of the day-to-day and strategic implementation of the Firm's enterprise-wide financial crime prevention efforts. This includes providing the appropriate governance, oversight and execution of the Firm's FCC programs.

As a Quality Lead Analyst (VP level) within the Global FCC Program, the role is to support ad improve quality across the FCC groups including but not limited to transaction monitoring and suspicious activity reporting. Reporting to the FCC Quality Assurance Manager, the FCC Quality Assurance Lead Analyst will execute consistent risk-based Quality Assurance Reviews (QA) to improve the quality of investigations, regulatory reporting practices and controls, as well as to mitigate the regulatory and reputational risks to BNYM.

The Analyst will assess the relevant controls and AML processes being reviewed and will partner with the process owners to provide additional training and solutions to enhance the effectiveness of their processes.

Responsibilities
  • Perform QA testing on FCC Process (i.e.: closed investigations of alerts)
  • Provide insightful and objective observations based on the testing performed
  • Provide regular feedback relating to quality assurance reviews to QA Management on the quality and effectiveness of the execution of FCC processes
  • Support the QA methodology and all the supporting documentation
  • Implement and improve Quality Assurance processes, procedures, and associated reporting metrics
  • Review Quality Assurance results across all aspects of the FCC program (including closed investigations of alerts, Incident Reporting, and SARs or country equivalent of suspicious activity reporting)
  • Identify areas of risk and make recommendations on operational improvements, procedures, and key controls
  • Create and maintain various FCC documentation suitable for Audit and Regulatory review
  • Apply regulatory rules, policies, and sound judgement to respond to quality assurance related inquiries from business units, audit, regulators, or other key stakeholders
  • Remain current and knowledgeable about current banking and regulatory issues, as well as training and audit approaches
  • Participate in and/or lead certain Compliance projects, as needed
Qualifications
  • 5+ years' experience in AML / Compliance / KYC / Financial Crimes in a global bank / financial institution preferred
  • Bachelor's Degree within Finance / Accounting / Forensics / Engineering would be preferred; however, we are open to see applications from other studies as we provide material training
  • Experience in conducting QA / QC reviews of AML activities
  • Experience and knowledge of compliance monitoring and testing methodologies for adherence to applicable regulatory requirements and internal policies
  • High level of integrity with the ability to deal with confidential and sensitive information with a high degree of professionalism
  • Strong research and analytical skills to monitor and analyze regulatory requirements and relate them to business processes, regulatory risks, and compliance controls and to support a broad range of projects
  • SAR or country equivalent filing experience would be a plus
  • Ability to make decisions independently using sound judgment, work well under pressure and shifting priorities while meeting multiple or conflicting deadlines
  • Meticulous attention to detail and very strong organizational and prioritization skills
  • Ability to interpret and operationalize regulatory requirements
  • Excellent verbal and written communication skills (English) with strong interpersonal skills to successfully interact, encourage, and influence at all organizational levels, including senior leadership teams
  • Strong execution skills with attention to detail and focus on clear, realistic action steps and timelines
  • Strong skills in MS Office products, specifically Outlook, Excel, PowerPoint and Word
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.

At BNY Mellon, compliance is everyone's responsibility. Accordingly, compliance and ethical standards are core components of all business functions and are fundamental to the culture and values of the company. All decisions and actions on behalf of the company must adhere to the highest standards of integrity.

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.

Client-provided location(s): Pittsburgh, PA, USA
Job ID: BNY_Mellon-30902
Employment Type: Other

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Sabbatical
    • Leave of Absence
  • Financial and Retirement

    • 401(K)
    • 401(K) With Company Matching
    • Performance Bonus
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Shadowing Opportunities
    • Access to Online Courses
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program

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