Newton - Compliance Monitoring Manager
Compliance Monitoring Manager Location:
London Reports to:
Newton Head of Compliance Company Overview:
Newton Investment Management is one of BNY Mellon Investment Management's specialists, and they are a London-based global investment house with expertise in a range of disciplines, including global, regional and emerging-market equities, multi-asset strategies, absolute return investing and global bonds. A global, thematic approach to investment helps them achieve long-term perspective on global financial markets and economies, and identify areas of long-term risk and opportunity. Their belief is that responsible investment is better investment for clients and they consider ESG (environmental, social and governance) issues in relation to every company in which they invest. Newton is part of BNY Mellon Investment Management, one of the world's largest investment managers. What's on Offer?
Newton is a professional, friendly and collegiate place to work offer a number of benefits like a 12% pension contribution, flexible working hours and opportunities to progress. The firm looks to attract individuals who are keen to work as part of a team, in a meritocratic environment, and who are driven to help make the organisation a great place to work. Newton employees are bright, inquisitive, thoughtful and collaborative. They are highly motivated to deliver performance and service to clients. Newton prides itself on being an employer of choice, with a commitment to diversity. BNY Mellon Investment Management:
At BNY Mellon Investment Management, we believe the right results begin with being relevant to every client, whether it is engaging with them to create solutions, offering diversified strategies or providing insights for better-informed decisions.
That is why we designed a model built around investors' needs to offer the best of both worlds: world-class investment firms with best-of-breed talent and unique cultures combined with the global scale and strength of BNY Mellon Investment Management. We connect investors with opportunities across every major asset class, globally. Today, we have eight investment firms, one of which is Newton Investment Management.
We believe this is how investing should be and we are looking for talent to help us deliver on our promise. Job Purpose:
To provide assurance that regulatory risk is being adequately managed within the Newton business and support the Newton Head of Compliance in the day to day supervision of the Compliance Monitoring team Key Responsibilities:
•Support the Head of Compliance with regard to delivery of the Newton Compliance Monitoring Plan and day to day supervision of the Compliance Monitoring team.
•Oversight and tracking the progress of the annual Compliance Monitoring Plan to ensure timely completion
•Responsible for conducting annual Compliance Risk Assessment including the annual risk scoring and planning process
•Assisting in high level reviews of law and regulation alignment to themes in the corporate monitoring system
•Responsible for periodic review of the Newton Regulatory Risk Analysis) (typically quarterly).
•Team leader of Monitoring team
•Ongoing operation of the BNY Mellon Global Compliance Monitoring Methodology ensuring global monitoring procedures are adhered to by the local Newton compliance monitoring team.
•Quality assurance of thematic and surveillance work completed by analysts (checking documentation and clarity of fieldwork and supporting the drafting of scopes, verification of draft reports and associated feedback),
•Conducting Compliance Monitoring Reviews as needed
•Coordinating and supporting the Newton input for horizontal compliance monitoring reviews as needed
•Committee report writing and attendance as required
•Involvement in ad-hoc Compliance projects as appropriate
•Providing any other compliance support as agreed and appropriate
#LI-DB2 Qualifications Our expectation is that people will bring:
•Efficient Decision Making Experience and qualifications required:
•Solid Compliance background, preferably in 2nd line risk based / thematic monitoring or possibly audit
•Demonstrate understanding of the remit and role of the 2nd line of defense and of Compliance review work in general
•Good level of knowledge of UK regulatory requirements essential, covering topics such as Market Abuse, Conflicts of Interest, TCF, Dealing and Managing, Best Execution, Financial Promotions
•Able to build and maintain relationships with key business stakeholders of all levels
•Able to synthesise, organise and evaluate large amounts of information, think logically and identify potential risks
•Experience of applying monitoring methodologies / audit methodology within financial organisations, preferably within the investment management industry
•Well organised self-starter, able to prioritise quickly and adapt to tight timeframes and meet deadlines
•Able to walk through processes and procedures and detect possible control weaknesses to target testing appropriately
•A good attention to detail balanced with ability to see a wider perspective BNY Mellon is an Equal Employment Opportunity Employer. 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. BNY Mellon is an Equal Employment Opportunity Employer. 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. Primary Location:
United Kingdom-Greater London-London Job:
Asset Management Internal Jobcode:
Newton-HR06148 Requisition Number: