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Senior Representative, Compliance and Control: Sanctions Compliance

Company: CFA Institute
Location: Jersey City
Posted on: September 21, 2022

Job Description:

Senior Representative, Compliance and Control: Sanctions Compliance Overview

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. Managing the custody of approximately $37 trillion financial assets of the world's leading institutional investors, hedge funds, sovereign wealth funds, and corporates.

  • 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
    • FINRA SIE, FINRA Series 7, FINRA Series 24, CAMS Certification, Bank Secrecy Act/Patriot ACT, knowledge of OFAC Sanctions applications (e.g. Fircosoft).
      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.

      Employer Description:

      For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark:

      EEO Statement:

      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.

Keywords: CFA Institute, Jersey City , Senior Representative, Compliance and Control: Sanctions Compliance, Accounting, Auditing , Jersey City, New Jersey

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