Senior Vice President, Compliance and Control-Financial Crimes Compliance (FCC) Advisory

(Corporate Trust (CT), Asset Servicing & Digital (ASD), Depositary Receipts (DR) and Wealth Management (WM)

Job Description

BNY Mellon (BNYM) 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. BNYM 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. 

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. Part of the responsibility includes providing expertise, guidance, and support/challenge to all BNY Mellon businesses 

globally on FCC policies and requirements, including the various dedicated KYC 

utilities that assist the businesses in implementing FCC requirements globally.

This senior role includes the application of FCC regulatory knowledge and industry experience to continually enhance and sustain a robust set of FCC requirements and provision of advice on an ongoing basis. The incumbent must work effectively with multiple stakeholders within 

the institution to enhance their understanding of compliance and overall enterprise risks, 

as well as the risk management and implementation of mitigating control as SME around FCC Compliance (including USA PATRIOT Act/Bank Secrecy Act and various EMEA and APAC AML 

regulations).

Key responsibilities include:

• Supporting CT, ASD, DR, and WM to enhance their understanding of financial crimes compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls. Based on assessments of controls, advise business units on the implementation of improvements and the completion of appropriate documentation when control changes are made.
• Independently contributes to global compliance and associated control environments and striking the balance between serving as a trusted advisor to the businesses and encouraging a culture of robust challenge to the businesses.
• Analysing existing and proposed legislation, regulatory announcements, and industry 

practices to advise BNY Mellon businesses, KYC operations and other 

stakeholders in developing and implementing procedures to meet existing and 

upcoming requirements and verify compliance with complex regulatory and policy 

requirements; make recommendations on compliance risks as well as benchmark

Compliance processes and workflows against evolving industry standards.

• Providing enterprise-wide advice on entire business units' strategy changes to further improve their ability to remain in compliance with or become compliant with organizational policies and regulations.
• Provision of strategic advice and inputs to the FCC compliance policy and standards 

development process in the areas pertaining to U.S. and global regulations by 

working with key compliance partners in respective EU countries where BNY Mellon 

has a presence. Provide strategic guidance and inputs for risk assessments in the 

relevant subject matter areas.

• Working with multiple stakeholders within the institution to enhance their understanding of compliance and overall enterprise risks, as well as the risk management and implementation of mitigating controls.
• Supporting the governance and oversight at the business level of firm-wide AML/KYC/OFAC efforts to plan, coordinate, and track the implementation of the Firm’s Global KYC policy standards.
• Coordination with FCC colleagues on the implementation and continued maintenance 

of Customer and Product Risk Rating methodology and controls.

• Based on assessments of controls, advise business units on the implementation of 

improvements and the completion of appropriate documentation when control changes are made. 

• Provide day to day Financial Crimes Compliance (FCC) advisory and challenge for the following businesses: (CT, ASD, and DR) AML/KYC practices/protocols, including but not limited to, approval of WM High Risk customer approvals, escalations, and advisory support to the business.
• Provide support and coverage, when required, to the Wealth Management (WM) FCCO in approval of WM High Risk customer approvals, escalations, and advisory support to the business. 
• Review negative news as it relates to the business customers, beneficial owners etc., and when a financial crimes risk is identified; ensure the information, and any mitigants, are presented to proper governance committees, as required. 
• Review, challenge, and approval of the businesses’ Financial Crimes Risk Assessment, which requires an understanding of both business processes and appropriate risk ratings of the respective business.
• Meet with business stakeholders and the customer due diligence (CDD) representative to determine any potential FCC risks which have been identified during business or root cause analysis (RCAs) which may have a financial crime impact.
• Schedule periodic pro-active meetings with FCC peers across the firm’s businesses to determine any FCC challenges that may exist and should be escalated to senior management to address accordingly.

Core skills required to achieving success in the role include knowledge and familiarity with U.S. and global AML Laws/Regulations including for Banks and NBFIs. The ability to comprehend changes to laws and regulations including reporting impact of changes to colleagues and senior management are important with strong written and verbal skills in order to communicate with senior management and staff. Able to provide training to businesses covered. Experience in defining and executing KYC change controls and periodic refresh strategy. Operational knowledge of KYC rules implementation and maintenance. The role includes the needs to assist in maintaining strong working relationships with outside regulators, government officials and senior business unit managers to ensure the timely delivery of information and increase the likelihood of favourable conditions for compliance activities.

• Bachelor’s degree or the equivalent combination of education and experience is 

required. MBA, or professional certification preferred.

• 12-15 years of total work experience preferred. Financial Services, Audit or Compliance background and/or experience with financial services compliance and/or experience with Banking/Payments and assigned products, services or business lines/areas and the pertaining laws, regulations and rules of relevant regulators preferred.