At a Glance
- Tasks: Lead compliance oversight and advisory support for client asset safety across global platforms.
- Company: Join BNY, a top global financial services company driving innovation and excellence.
- Benefits: Competitive pay, flexible resources, generous leave, and a focus on wellbeing.
- Other info: Dynamic environment with opportunities for growth and collaboration.
- Why this job: Make a real impact in client asset safety while working with cutting-edge technology.
- Qualifications: Expertise in compliance, regulatory advisory, and strong analytical skills required.
The predicted salary is between 90000 - 110000 £ per year.
We're seeking a future team member to join our Compliance team. This role is in London, UK. This is a senior specialist role within the newly established Client Asset Safety Compliance Centre of Excellence, providing 2nd line Compliance oversight, advisory support and challenge across BNY businesses, platforms and legal entities that hold client assets and/or client money. The role is designed for an experienced subject matter expert who can operate across jurisdictions, support strategic change and help drive a consistent, sustainable approach to client asset safety oversight globally.
In this role, you'll make an impact in the following ways:
- Serve as a senior subject matter expert within the Client Asset Safety Compliance Centre of Excellence, providing independent 2nd line Compliance oversight, challenge and advisory support across relevant businesses, platforms and legal entities.
- Interpret complex client asset safety regulatory requirements and translate them into practical, risk-based guidance for business, operations and control stakeholders.
- Partner with 1st line teams, Global Asset Safety, Business Compliance Officers, Risk, Legal and other control partners to support a coordinated and consistent global oversight model.
- Provide proactive Compliance input on business-as-usual activity, regulatory developments, new business initiatives, transformation programmes and material change impacting client asset safety.
- Assess existing and emerging regulation, supervisory communications, industry developments and consultation papers to identify implications for BNY's client asset safety framework and operating model.
- Contribute to the design and enhancement of governance standards, oversight frameworks, policies, guidance and management information that strengthen client asset protection across jurisdictions.
- Review and challenge the adequacy of controls relating to client asset safety, including segregation, books and records, reconciliations, governance, record integrity and related operational arrangements.
- Support the identification, assessment and management of compliance risk through thematic reviews, risk assessments, control gap analysis and oversight of remediation activity.
- Provide 2nd line Compliance leadership and challenge in issue, breach and violation management, including root cause analysis, materiality assessment, remediation planning and regulatory notification considerations where appropriate.
- Contribute to oversight of regulatory reporting processes with a direct linkage to client asset safety requirements and associated governance expectations.
- Prepare and review governance materials, escalation papers, thematic analysis and trend reporting for senior management, legal entity governance and other relevant forums.
- Support the business and control functions on external audit activity, regulatory reviews and internal reviews where specialist client asset safety expertise is required.
- Work with Compliance Testing and other assurance functions to guide review focus in areas of heightened or emerging risk and support interpretation of issues identified.
- Represent Compliance in internal and external forums, including industry working groups and regulatory or market practice discussions relevant to client asset safety.
- Act as a trusted advisor on strategic initiatives affecting client asset safety, including regulatory change, digital asset developments, custody model evolution, books and records transformation and other business change.
- Provide guidance and subject matter support to colleagues and junior team members as appropriate.
- Contribute to the achievement of wider team objectives and adapt responsibilities, where required, to reflect local regulatory requirements and business needs.
To be successful in this role, we're seeking the following:
- Experience in Compliance, Regulatory Advisory, Legal Entity Compliance, Operational Risk, Audit or a related control function within financial services.
- Deep subject matter expertise in client asset safety, client money, custody asset protection, segregation, books and records, reconciliations and related regulatory control frameworks.
- Strong knowledge of relevant client asset protection requirements, ideally including in depth experience with UK CASS (CASS 7 ideally) and familiarity with comparable global regimes.
- Demonstrated ability to interpret complex regulation and apply it effectively in a large, global and matrixed financial institution.
- Experience supporting regulatory change, governance enhancement, control improvement, issue management, remediation and business transformation initiatives.
- Strong analytical, risk assessment and problem-solving skills, with the ability to provide constructive challenge and practical, risk-based solutions.
- Proven ability to build credibility and influence with stakeholders across business, operations and control functions.
- Excellent written and verbal communication skills, including experience preparing governance materials, management information and regulatory-facing content.
- Strong organizational skills and the ability to manage multiple priorities across businesses, platforms and jurisdictions.
- Experience supporting regulatory interactions, external audits and/or thematic reviews preferred.
- Bachelor's degree or equivalent combination of education and experience is required. Business, Finance, Law or related degree preferred.
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
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.
Senior Vice President, Client Asset Safety Compliance in London employer: The Bank of New York Mellon
At BNY, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of London. Our commitment to employee growth is evident through our comprehensive benefits, including competitive compensation, flexible resources, and generous paid leave, all designed to support your personal and professional journey. Join us to be part of a forward-thinking team that drives transformative solutions in the global financial landscape.
Contact Details:
The Bank of New York Mellon Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Vice President, Client Asset Safety Compliance in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
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✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like The Bank of New York Mellon looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Vice President, Client Asset Safety Compliance in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at The Bank of New York Mellon. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at The Bank of New York Mellon
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with The Bank of New York Mellon’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
