Vice President, Compliance & Control

BNY; Frankfurt; On-site; EUR 85,000 - 120,000; Full time

Job summary

BNY Mellon is seeking a Vice President, Compliance & Control in Frankfurt, Germany. This role requires deep knowledge of German and European AML laws and includes responsibilities such as supporting the MLRO, developing compliance policies, and conducting assessments. Candidates should have a Bachelor's degree, 5-10 years of experience in financial institutions, and fluency in English and German. This position is vital for maintaining BNY's regulatory compliance and supporting ethical practices.

Qualifications

• Typically, 5-10 years of experience in credit or financial institutions in financial crime or compliance.
• Fluent in business English and German.
• Proven ability to interpret regulatory changes and implement compliance strategies.

Responsibilities

• Perform the duties of the MLRO in the absence of the MLRO.
• Support the MLRO in conducting risk assessments and training.
• Develop and implement compliance policies and procedures.
• Conduct regular compliance assessments to identify potential risks.
• Collaborate with cross-functional teams on compliance controls.
• Provide guidance and training on compliance-related matters.
• Monitor regulatory changes and advise management.
• Lead investigations into compliance breaches.

Skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Education

Bachelor's degree in Law, Business, Finance or related field

Advanced certifications in compliance or risk management (e.g., CRCM, CAMS)

Job description

We’re seeking a future team member for the role of Vice President, Compliance & Control to join our team. This role is located in Frankfurt, Germany.

The position includes the function of deputy MLRO (Money Laundering Reporting Officer / Geldwäschebeauftragter) of BNY Frankfurt Branch. As such, profound knowledge of German and European AML-related laws and regulations is crucial.

The Vice President, Compliance & Control plays a critical role within the Risk & Regulatory Compliance function, specifically within the Compliance & Control job family. This position is integral to maintaining the integrity and compliance of BNY's operations with regulatory standards. By ensuring adherence to internal policies and external regulations, this role supports BNY's commitment to operational excellence and ethical practices, aligning with the organization's strategic pillars of trust and integrity. The position demands a strong understanding of compliance frameworks and regulatory requirements, fostering a culture of accountability and transparency in line with BNY's principles.

Responsibilities

• Perform the duties of the MLRO in the absence of the MLRO.
• Support the MLRO in all relevant activities associated with the regulatory tasks of the MLRO, which include, but are not limited to, jointly or alone—as necessary and possible—conducting risk assessments, training, reviews and advisory activities, project work, oversight of financial crime-related outsourcing, updating procedures, filing SARs, liaising with internal and external auditors, and preparing reporting as required.
• Develop and implement compliance policies and procedures by leveraging extensive knowledge of regulatory requirements to ensure organizational adherence as needed.
• Conduct regular compliance assessments to identify potential risks and areas for improvement, demonstrating expertise in risk management.
• Collaborate with cross-functional teams to integrate compliance controls into business processes, ensuring alignment with strategic objectives.
• Provide guidance and training to employees on compliance-related matters, fostering a culture of compliance and ethical conduct.
• Monitor and interpret regulatory changes, advising senior management on implications and necessary adjustments to policies.
• Lead investigations into compliance breaches, ensuring thorough analysis and corrective actions are undertaken to mitigate future risks.

Qualifications

• Bachelor's degree in Law, Business, Finance, or a related field.
• Advanced certifications in compliance or risk management (e.g., CRCM, CAMS) are advantageous.
• Typically, 5-10 years of experience in credit or financial institutions in the area of financial crime or compliance.
• Strong analytical and problem-solving skills to assess and address compliance issues effectively.
• Excellent communication and interpersonal skills to educate and influence stakeholders across the organization.
• Proven ability to interpret regulatory changes and implement appropriate compliance strategies.
• Fluent in business English and German.