Compliance Manager

1 month ago

London, United Kingdom BNY Full time
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We're seeking a future team member for the role of Compliance Manager - Advisory Markets and Corporate Treasury to join our Compliance team. This role is located in London - hybrid.

  1. Team Description:


The Risk and Compliance division provide risk and compliance services across all BNY businesses and includes the following teams: Risk Management (market, credit and operational), Compliance, Global Corporate Security, Information Risk Management and Global Business Continuity. Risk Management oversees and delivers ongoing risk services and ensures new business risks are identified, reviewed and approved.

Risk Management is organized through Chief Risk Offices for each core business and critical operation. Compliance contributes to ensure BNY's businesses maintain and embed appropriate policies, procedures and processes to comply with applicable laws, regulations, BNY policies and ethics.

In EMEA, Compliance operates through a number of groups including Business Compliance ( supporting the following Lines of Business: Asset Servicing, Issuer Services, Treasury Services and Wealth Management: and Markets, CCM & Corporate Treasury ); Governance and Compliance Risk Architecture, Compliance Testing, and Anti-Financial Crime.

Markets, CCM and Corporate Treasury Compliance provides the second line of defence advisory on a range of conduct compliance issues for each line of Markets and CCM businesses and Corporate Treasury in EMEA, assisting the business through understanding regulatory requirements, applying best practices and building strong and transparent regulatory relationships.

The Markets business lines include: Global Markets Trading, which includes (1) Foreign Exchange (FX) and (2) Fixed Income and Equity sales and trading (FIEQ) AND (3) Buyside Trading Services; Securities Finance; Liquidity and Margining Services (LMS); and cash management.

The CCM business lines include collateral management and broker dealer services.

Corporate Treasury and Chief Investment Office (CIO) undertake a range of risk, strategic and/or general financial management activities to enable BNY to maintain or improve/maximise its financial and prudential position. The CIO function is specifically responsible for management of interest rate positioning of the firm and optimising income.

  1. Job Purpose:


The functional purpose of the role is to provide a key component in meeting Compliance's responsibility as a part of the second line defence to:
  • Provide advisory, monitoring, training, oversight & challenge to business lines and, where relevant, partner functions;
  • Ensure business line and business partner functions are provided with accurate and timely advice in relation to regulatory compliance issues;
  • Work with business lines and partner functions to assist them in addressing the impact of regulatory changes;
  • Help to manage BNY's relationship with relevant regulators; and
  • Seek to embed a compliance culture and conduct model throughout the organisation.
  2. General Responsibilities:
  • Focus on providing Compliance advisory support to the BNY Markets FX and Fixed Income business lines.
  • Deputise for the Co-Heads of EMEA Head of Markets, CCM and Corporate Treasury/CIO Compliance where required;
  • Assist the Co-Heads of EMEA Markets, CCM and Corporate Treasury/CIO Compliance to manage staff within teams. To the extent possible ensure that team members remain motivated, have clear paths of growth and development identified, minimise attrition and seek to deepen the skills and knowledge base of the team and raise their respective profiles;
  • Work with business lines and business partner functions to assist them in dealing with the impact of regulatory change and to develop and implement policies and procedures to accommodate regulatory change;
  • Work with other Compliance professionals across the broader EMEA Compliance team to ensure co-ordinated and complete delivery of services and effective communication of relevant information and observations.
  • Develop strong and where required integrated working relationships with other regional compliance officers in the U.S. and APAC;
  • Manage and oversee the control process validation to help ensure compliance with relevant regulations;
  • This includes providing technical advice on the application of financial services regulation to relevant business lines;
  • Support the business in managing BNY's relationship with relevant regulators, including overseeing the provision of information to the regulators and responding to reports issued by regulators;
  • Ensure representation of compliance related issues and provide appropriate challenge at relevant internal meetings where acting as alternate to the Head of Markets and Corporate Treasury Compliance;
  • Represent Compliance and provide appropriate challenge at relevant external meetings where required;
  • Provide technical compliance support to business and corporate projects as required, including those relating to regional governance, acquisitions/divestitures, remuneration, and new tax initiatives etc. , ensuring timely and robust input and challenge by team members; and
  1. Governance Responsibilities
  • Contribute to the effective governance of the entities operating within the EMEA region. Play an active role in offering constructive challenge and helping to support relevant governance venues. Facilitate and encourage informed and constructive debate on key issues and ensure that members of fora, committees, respective Boards and the Head of Compliance EMEA receive relevant management information in an accurate, timely and clear manner;
  • Help to ensure that a strong governance and compliance culture is embedded within the region, that issues are escalated and cascaded appropriately and that key risks are identified, discussed and mitigated; and
  • Build a good understanding of the EMEA governance framework, including escalation requirements, and ensure there is clear, appropriate and evidenced apportionment of responsibilities amongst staff members for whom the job holder has management responsibility.
  1. Requirements:


  1. Personal Requirements


The successful candidate will ideally have the following experience/understanding:
  • A background in a wholesale financial services trading compliance or regulatory advisory role;
  • A good understanding of FX and Fixed Income trading;
  • A general understanding of BNY's Markets other traded asset classes and business lines;
  • A good understanding of algorithmic trading;
  • A good understanding of securities financing
  • A good knowledge and understanding of relevant EU and UK law and regulation relating to the provision of services and infrastructure requirements for firms in the wholesale financial markets;
  • Proven total work experience in Compliance within financial services compliance;
  • Relevant industry compliance qualifications;
  • If possible, and highly advantageous, a working knowledge of any relevant EU or US regulatory requirements; and if possible, and highly advantageous, an understanding of custodial banking;
  • Interpretation and guidance in respect of statutes, directives, regulations and regulatory codes and guidance;
  • Providing advice to various levels of management, business lines and functional partners in relation to U.K. and E.U. conduct regulation including, but not limited to, the FCA Handbook of Rules and Guidance, the PRA Handbook, FSMA, MiFID 2, MAR, SFTR, EMIR, PSD2, Global FX Code and the UK Money Market Code requirements) and regulatory supervisory expectations and trends;
  • Preparation of communications to regulators including applications for waivers, notifications, general regulatory reporting, consents and similar;
  • Assistance to business lines, operational and risk control areas in relation to conduct matters arising in respect of regulatory change programmes including compliance impact and gap analyses;
  • Providing subject matter expertise in relation to the operationalisation of conduct requirements including but not limited to the preparation of policies and procedures to ensure that appropriate arrangements, systems and controls in place in relation to conduct regulations;
  • Supporting company responses to attestation requests, supervisory visits or enforcement actions and advising on remediation programmes;
  • Engagement in policy, advocacy and interpretation efforts through representation and/or membership of , industry bodies and peer working groups (AGC, AFME, ISDA, ICMA etc), drafting of comment letters in response to white paper and proposed regulations;
  • Experience of regulatory conduct related issues and frameworks.
At BNY, our culture speaks for itself. Here's a few of our awards:
  • America's Most Innovative Companies, Fortune, 2024
  • World's Most Admired Companies, Fortune 2024
  • Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
  • Best Places to Work for Disability Inclusion , Disability: IN - 100% score, 2023-2024
  • Most Just Companies", Just Capital and CNBC, 2024
  • Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
  • Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

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