Lead Manager, Compliance and Control (Mutual Fund Broker/Dealer)
BNY Mellon Investment Management
June 22, 2018
New York, New York
Responsible for managing the review and/or approval of marketing communications for the broker-dealer and multiple affiliated Investment Advisors. Must have a broad knowledge and awareness of the securities and investment advisory industries, relating to communications, including but not limited to, media appearances, advertising and social media. Stays abreast of current market, regulatory and industry relevant news. Serves as a technical expert on FINRA, SEC, NFA and MSRB regulations, and all other applicable compliance requirements affecting the broker-dealer and affiliated investment advisors, relating the marketing of mutual funds, private funds, SMA , CITs and other products. Develops technical expertise around broker-dealer activities as well as a deep understanding of applicable systems and software.
Manages a regional/jurisdictional team of professional staff (2-4 people) responsible for overseeing and managing the moderately complex administrative, operational and financial affairs of the Compliance function within the assigned region/jurisdiction. Directs the team's assessment of regulatory and policy requirements in order to develop programs and projects to improve regional/jurisdictional compliance, and presents program and project recommendations to more senior managers. May advise on strategy changes to further improve the region's/jurisdiction's ability to remain in compliance with or become compliant with applicable laws, policies and regulations. Contributes to the establishment of the overall compliance strategy and is responsible for appropriately implementing the strategy within the assigned region/jurisdiction. Guides the team's analysis of existing and proposed legislation, regulatory announcements and industry practices within the region/jurisdiction in order to identify opportunities for alignment with the global compliance strategy and areas where region-specific strategies are needed. Helps business units within the region/ jurisdiction to appropriately implement approved procedures to meet requirements. Contributes to the assessment and validation of control processes to ensure compliance with laws, rules and regulations. Contributes to efforts to develop a strong compliance culture and increase organizational awareness of compliance roles and responsibilities within the assigned region/ jurisdiction. Uses strong relationships with business unit managers to increase the likelihood of timely completion of compliance activities and responses to reports issued by regulatory agencies or audit. Continues to build relationships with regulators and government officials and appropriately escalates issues raised by these contacts to more senior managers. Recruits, directs, motivates and develops professional staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team. Provides feedback at the most critical times. Manages a regional/jurisdictional team of professional staff responsible for assessing the effectiveness of moderately complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting regional/jurisdictional BNY Mellon businesses. Manages the team's completion of comprehensive, risk based reviews of existing and emerging regulatory requirements and provision of prompt, focused feedback to business management on concerning issues and control gaps. Implements corrective action and issue tracking in alignment with established policies. Reviews reporting produced by the team and appropriately escalates issues to more senior managers. Manages a regional/jurisdictional team of professional staff. Responsible for the achievement of professional team goals. Manages the financial resources of the team (budgets, expenses, etc.). Modified based upon local regulations/requirements.
Qualifications Bachelor s degree or the equivalent combination of education and experience is required. MBA or professional certification preferred. 7-10 years of total work experience, with 0-1 years of management 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. 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 & 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.
As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.
Primary Location: United States-New York-New York Internal Jobcode: 85166 Job: Asset Management Organization: IM Infrastructure-HR14826 Requisition Number: 1805579