Vice President - Principal, Operations and Technology Compliance

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Job description

BNY Mellon seeks a Compliance Officer with extensive experience in financial services operations and technology and with operations and technology risk experience. This is a newly created high-potential position where the successful candidate will be expected to build relationships at a senior level, contribute to the development of the Operations and Technology Compliance framework and engagement model, and be hands-on in providing oversight and challenge across a variety of Digital initiatives. The successful candidate will support the team manager in providing guidance to the Americas team and work globally with Compliance colleagues and business stakeholders.

BNY Mellon's Risk and Compliance functions are situated in the second line of defense and responsible for providing independent oversight and challenge of the Business and supporting corporate functions in relation to key operational, financial, regulatory or reputational risk. Reporting into the Chief Risk Officer and Chief Compliance and Ethics Officer, the Compliance function is ideally positioned to ensure that BNY Mellon establishes and maintains appropriate policies, procedures and processes to comply with applicable laws and regulations. Compliance also plays a crucial role in assisting the business to understand regulatory requirements, apply best practices and build strong and transparent regulatory relationships.

The Operations and Technology Compliance team sits within the Compliance Function in the 2nd line of defense and reports directly to the Global Head of Enterprise Wide Functions Compliance. The team provides guidance and leadership with respect to relevant compliance requirements and objectives, to enable regulated activity to be conducted in a manner consistent with legal and regulatory requirements and to highlight any material process or control gaps. Team is responsible for overseeing and challenging the identification, assessment and mitigation of risks by Operations and Technology including Data Management & Resiliency and providing advice and support in management of these risks.

Responsible for directing and influencing stakeholders across Operations and Technology in identifying, analyzing, monitoring and minimizing areas of regulatory risk during the delivery of program and projects across the Enterprise. Independently contributes to the compliance efforts in developing the strategic direction for Operations and Technology. Responsible for assisting the Operations and Technology organization by developing strategies to bring them into compliance with complex regulatory and policy requirements. Develops compliance reporting and is responsible for reporting to leadership. Based on assessments of controls, advises Operations and Technology on the implementation of improvements and the completion of appropriate documentation when control changes are made.

Strong interpersonal skills to influence and impact business decisions. Uses strong influence and experience within the specialty area of expertise to increase the likelihood that compliance strategy changes are appropriately implemented in a timely manner.

Responsibilities include:

• Contribute to the establishment of the overall Operations and Technology compliance strategy and is responsible for appropriately supporting the implementation of the strategy.
• Apply extensive knowledge and experience of information, cyber, security and technology risk concepts to skillfully interpret needs and drive evaluation of compliance risk facing the Operations and Technology organization.
• Analyze complex, existing and proposed legislation, regulatory announcements and industry practices impacting Technology. Leads associated stakeholder communications.
• Provide independent regulatory guidance and credible challenge to Operations and Technology; participate in Operations and Technology governance working group meetings; escalation of high risk and/or significant issues to senior management.
• Provide compliance oversight of, and participation, in technology regulatory exam management; partnering with the Operations and Technology businesses to address remediation of Audit, Compliance and Regulator Exam findings
• Provide Compliance support and challenge during incidents including regulatory impact analysis, participation in root cause analysis and lessons learned reviews
• Develop and maintain strong working relationships with key stakeholders across the enterprise including Operations and Technology, Risk and Compliance partners
• Collate information for production of regular risk assessment documents and compliance dashboards representing health of Operations and Technology control framework; preparation of complex, time sensitive reporting; present to governance committees, as appropriate
• Assess the effectiveness of complex controls that help ensure ongoing compliance with key laws, regulations and policies affecting BNY Mellon businesses
• Participate in significant business process change initiatives including new operations and technology products and services and changes to existing products and services to identify opportunities to manage operations and technology compliance risk effectively and efficiently
• No direct reports; provides guidance to more junior team members and assigns tasks.
• Contributes to the achievement of team objectives.

• Bachelor's degree in computer science or a related discipline, or equivalent work experience required; advanced degree preferred
• 10-15 years of related experience required; Experience in Operations, Technology, Information Security and/or operations/technology risk in a financial services company preferred. Knowledge of security systems and applications preferred.
• Relevant Certification or industry accreditation e.g., Certified Information Systems Security Professional (CISSP), Certified Information Security Management (CISM), Certified Information Systems Auditor (CISA) or Certified in Risk and Information Systems Control (CRISC), a plus.

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.