BNY Mellon - IM EMEA, Assistant Compliance Manager

BNY Mellon Investment Management’s goal is to build and manage investment and wealth management strategies and solutions that address the ever-changing needs of our clients. Drawing on deep expertise, we collaborate with our clients to understand their needs and tailor our best ideas and resources to meet their specific requirements. As recognised pioneers of the multi-boutique model, BNY Mellon have some of the best investment ideas, from the finest investment minds, all in one place.

BNY Mellon Investment Management has over US$1.9 trillion AUM (as at 31 March 2018) and is the global investment management arm of BNY Mellon, one of the world’s largest global asset managers We provide investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world.

Job Purpose:

An opportunity to join the expanding Distribution & Financial Promotions Compliance team within IM-EMEA, providing advisory support to and undertaking oversight of IM-EMEA business functions on compliance matters relating to its’ distribution activities within Europe, the Middle East and Africa (EMEA) and Latin America, including review and approval of sales and marketing collateral primarily relating to products domiciled in the UK, Ireland, Luxembourg and Cayman.

Key Responsibilities:

  • Provide compliance advisory support in respect of IM-EMEA’s distribution activities within EMEA and Latin America, including provision of timely and accurate compliance advice to business partners on local laws and regulations relating to the promotion of products and services in each relevant jurisdiction.

  • Review and approval (as appropriate) of financial promotions for both retail and professional clients to ensure compliance with the FCA financial promotions rules and the regulations in other jurisdictions, ensuring pro-active management of workflow, co-ordinating effectively with other members of the Compliance team and channel marketing teams to manage priorities.

  • Provide assistance in the review of legal contracts entered into by IM-EMEA, in particular distribution agreements, rebate letters and other commercial agreements.

  • To assist in the implementation and execution of the risk-based compliance monitoring programme, primarily in respect of IM-EMEA business functions in London and in other locations, including subsidiaries, branches and representative offices, accompanying other members of the team on site-visits and assisting preparation of reports.

  • To assist with the contribution of the corporate governance framework in respect of IM-EMEA, including input to preparation of reports to the IM-EMEA Executive Committee, the IM-EMEA Board and internal governance committees, including the Risk & Compliance Committee, as required. Manage collation of statistical information on financial promotions compliance and other management information.

  • To engage with business initiatives and projects requiring Compliance input and compliance-originated projects relating to regulatory developments and/or changes to compliance policies and procedures. Demonstrate awareness of current and emerging regulatory and industry developments and the potential impact to IM-EMEA and the associated fund management companies.

  • To contribute to general compliance duties, including maintenance of the Compliance Manual, compliance policies and procedures, individual registrations and regulatory reporting.

  • Demonstrate awareness of regulatory and industry developments which are likely to have an impact on IM-EMEA’s activities or those of the associated fund management companies.

  • Communicate any relevant compliance issues to the Compliance Manager Distribution & Financial Promotions and/or Head of Distribution & Financial Promotions.


Job Specific Competencies:

  • Strong interpersonal and communication (oral and written, including report writing) skills essential, including ability to communicate with staff at all levels.

  • A strong team player and self-motivated.

  • Ability to work effectively under pressure and to tight deadlines.

  • Must be capable of exercising sound judgement and good decision-making in managing risk.

  • Good organizational skills and self-discipline in managing priorities.

  • Proven ability to work as an effective partner with the business while retaining objectivity, independence of thought and decision-making.

Technical Skills, Knowledge, Systems Knowledge (and associated skill level)

  • Prior experience working with financial promotions would be advantageous, ideally including prior exposure to marketing rules in multiple jurisdictions.

  • Previous exposure working with retail financial services products would be beneficial, in particular retail investment products such as UCITS.

  • Good knowledge of the UK regulatory system including the FCA’s supervisory approach and the Handbook of rules/guidance, in particular the Financial Promotions rules in COBS.

  • Competent in Word, Excel, Powerpoint and other desktop applications.

  • Language skills, in particular French, German, Italian or Spanish would be advantageous