Senior Representative, Compliance and Control Senior Representative, Compliance and Control …

BNY Mellon
in Jersey City, NJ, United States
Permanent, Full time
Last application, 05 May 21
BNY Mellon
in Jersey City, NJ, United States
Permanent, Full time
Last application, 05 May 21
Senior Representative, Compliance and Control
For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world's leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity. BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system.

BNY Mellon's Pershing and its affiliates provide global financial business solutions to advisors, broker-dealers, family offices, hedge fund and 40 Act fund managers, registered investment advisor firms and wealth managers. Pershing helps clients improve profitability and drive growth, create capacity and efficiency, attract and retain talent, and manage risk and regulation. With a network of 23 offices worldwide, Pershing provides business-to-business solutions to clients representing more than 6 million investor accounts globally.

You will primarily be interacting with Compliance personal, KYC Colleagues, CAO office, QMO, Bank & Depository Balancing members, KYC Officers, Resolution Planning members, Data Governance team and Privacy Officers and will be providing compliance oversight and assisting business units develop strategies to be compliant with complex regulatory and policy requirement.
  • Supports the day-to-day efforts related to assessing whether assigned areas are in compliance with relevant laws, rules, regulations and policies and that control mechanisms are being deployed as expected.
  • Under minimal supervision, assists with the monitoring and reporting of established controls and the implementation of new control procedures in response to regulatory changes or compliance issues.
  • As an experienced team member, suggests changes to improve work processes and guides lower level peers on procedures and reviews the quality of their work.
  • With minimal guidance, researches and collects data on compliance and control-related activities. Compiles data into a useable format for more senior team members and may conduct basic, preliminary analyses of collected data.
  • May review the work completed by more junior support staff for accuracy and completeness.
  • Reviews and verifies that the activities of the assigned areas are aligning with the overall control procedures and compliance strategy.
  • Independently prepares reports for management on the business line's compliance status and may assign report development tasks to more junior support staff.
  • Reviews reports with more senior support roles to confirm accuracy and completeness and checks reporting prepared by more junior support staff.
  • Counsels business personnel and management on remaining in compliance or improving their alignment with established controls and compliance goals.
  • Identifies and addresses compliance issues, directly interfacing with peers in assigned business areas.
  • Escalates complex issues to more senior staff.
  • With minimal guidance, provides technical support for professional and management staff's assessment of the effectiveness of controls that help ensure ongoing compliance with key laws, regulations and policies affecting the assigned areas.
  • Produces large quantities of data to support comprehensive, risk based reviews of existing and emerging regulatory requirements.
  • Appropriately escalates issues to professional and management staff.
  • As an experienced team member, may recommend process improvements to management. No direct reports, provides guidance to more junior team members and may assign tasks, as needed.
  • Contributes to the achievement of team objectives. Modified based upon local regulations/requirements

  • Working knowledge of the Bank Secrecy Act, Patriot Act, Anti money laundering and Fraud Surveillance within the financial services industry.
  • Series 7 and 24 preferred. Good communication is vital in this role.
  • Ability to organize and prioritize work based on urgency and upcoming deadlines.
  • Working knowledge of Registered Investment Adviser operations and compliance is a plus.
  • Critical thinking, problem solving and attention to detail


Bachelors degree or the equivalent combination of education and experience is required. 3-5 years of total work experience preferred. Experience with Financial Services Industry regulations, compliance operations or auditing preferred. 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.

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.

Primary Location: United States-New Jersey-Jersey City
Internal Jobcode: 85157
Job: Compliance
Organization: Pershing Domestic-HR06431
Requisition Number: 2105166
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