Principal, Compliance - Brussels, België - BNY Mellon

Beschrijving

Overview


Job Purpose:

The role of the EU Financial Crimes Regulatory Change Lead is to maintain and enhance the EMEA Financial Crimes Compliance Framework in accordance with EU regulatory requirements and expectations.

The role leads the end to end EU regulatory change process from regulatory interpretation, scoping to determine applicability of regulatory requirements or expectations to BNY Mellon Lines of Business and Legal Entities, gap analysis against the existing controls framework, support for policy development and maintenance, and controls mapping.

The EU Financial Crimes Regulatory Change Lead will also provide wider support for EMEA Financial Crimes Compliance Regulatory Change, as required, and FCC Compliance support for EU BNY Mellon legal entities and lines of business, as required.

Key Responsibilities:

• Horizon Scanning: review, summarise, communicate, and escalate (where appropriate) financial crimes horizon scanning alerts, including completion of the applicability assessment, initial impact assessment, and escalation through relevant governance forums, either independently or overseeing the content produced by others in the regulatory change team.
• Regulatory Interpretation : support analysis of new and amended financial crimes regulations and expectations impacting the EMEA region, with a focus on EU FCC laws and their local implementation. Working with global, regional, and local colleagues to interpret the impact of regulatory change, market events, and other relevant change items, such as regulatory guidance or publications. For example, regulatory change/market event items may include legislative changes to the EU AML legislative framework, a fine issued by a regulator, updated FATF guidance, or publications on emerging AML typologies or techniques.
• Scoping : support the determination as to whether a change in regulatory requirements or expectations will impact BNY Mellon Lines of Business and Legal Entities, focused on the EU region.
• Gap Analysis : support the gap analysis process to determine the additions or enhancements that need to be made to the EMEA financial crimes control framework, focused on the EU region.
• Policy Development and Maintenance : SME support for the translation of regulatory change into easy to understand, clear, and consistent policy requirements and standards ensuring that the EMEA Financial Crimes Framework remains up to date with applicable legal and regulatory requirements.
• Controls Mapping : support the first line of defence (1LOD) in determining the extent of the impact of regulatory changes and expectations to their Lines of Business and/or Legal Entity and the controls that need to be introduced or enhanced to meet the new or amended policy requirements.
• Governance, Escalation and Reporting : supporting escalation and cascading of financial crimes issues through reporting or other channels so that key financial crimes risks are identified, discussed and mitigated.
• Building or maintaining a strong network in the EU with peer banks and other stakeholders, including industry bodies, for the purposes of benchmarking and taking steps so that BNY Mellon remains in line with industry standards and market practice.

Additional Responsibilities:

• Liaising with colleagues/peers in other jurisdictions on Regional AML Compliance programme matters and issues of common interest.
• Building a strong understanding of the EMEA Financial Crimes Framework, including governance and escalation requirements.
• Supporting the Head and Deputy Head of EMEA Financial Crimes Compliance on strategic initiatives or programmes, as needed.

Generic Staff Responsibilities:

Comply with all BNY Mellon corporate policies and procedures, including the Code of Conduct, HR policies and procedures, applicable to BNY Mellon

Alert management including timely escalation to the Head of Financial Crimes Compliance of any significant changes to business risks and internal control effectiveness or material regulatory breach.

Comply with all Security and Health & Safety policies and procedures operating within the business


Profile Requirements:


Core Competencies:

Critical Thinking
Attention to Detail
Analysis and Drafting Skills
Communication Skills
Interpersonal Skills
Managing Risk
Job Specific Competencies / Technical Skills / Knowledge
Financial services financial crimes / compliance / legal experience
Knowledge of EU financial-crimes laws, regulations, guidance and the expectations of local EU regulators
Ability to work under time pressure in a calm, professional manner and in a complex environment of regular and often overlapping regulatory change
Strong analytical skills, problem-solving ability, and attention to detail
Excellent communication and interpersonal skills
Good planning and organisational skills
Collaborative approach and ability to work well within a team environment
Ability to take on and complete tasks with mínimal oversight
Awaren