Director, Bank & Prudential Regulatory Compliance

In this role, you’ll make an impact in the following ways:

• Lead implementation and recommend enhancements to BNY’s Compliance frameworks, programs, and policies related to key safety and soundness regulations including, but not limited to FRB regulations K, O, R, W, Y and the Volcker Rule; 

• Support with the development of the regulatory process to identify, implement and assess ongoing compliance for global market and credit risk related regulation.

• Leading the team's completion of comprehensive, risk-based reviews of existing and emerging regulatory requirements and provision of prompt, focused feedback to business management on control gaps; 

• Provide thought leadership to identify and lead opportunities to support business change and enhance existing processes to support both compliance and operational benefits

• Supporting with the identification and management of issues, developing and overseeing remediation plans to ensure resolution efforts proceed timely and effectively;

• Advising, guiding and providing credible challenge to business lines and corporate functions in cooperation with Business Compliance Officers; 

• Providing expert opinion on the impact of applicable regulations to the design and implementation of key corporate initiatives, products, and services;

• Participating in the development and execution of the BNY’s Compliance risk assessment and Compliance testing routines; 

• Drive the performance of regular compliance testing across the above referenced regulations

• Producing, reviewing and presenting regular and ad hoc / time sensitive reports to stakeholders and senior management;  

• Leading the design and development of tools for senior business managers' and leaders' use in explaining the compliance strategy and expectations among their teams. 

 

To be successful in this role, we’re seeking the following: 

• Bachelor‘s degree or the equivalent combination of education and experience is required. Law degree, MBA, or additional professional certification preferred.  

• [10+] years of total work experience.  

• Financial Services, Legal and Regulatory, Audit or Compliance background and/or 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.  

• Familiarity and experience with at least those regulations relating to Bank Holding Company safety and soundness  regulations at a regulated financial institution, law firm, or consulting firm

• Experience building and maintaining strong working relations with key stakeholders and senior management  

• Experience building and leading successful teams  

• Excellent drafting skills and attention to detail 

• Executive presence; experience speaking to/training large and senior audiences. 

 

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $130,000 and $211,500 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and company- sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team.