Job Description

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.



We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.



We're seeking a future team member for the role of

Vice President, FCC Compliance

to join our Singapore Compliance team reporting to the Head of Financial Crimes Compliance APAC. This role is located in

Singapore

- Hybrid work model.



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


Analyzes existing and proposed legislation, regulatory announcements and industry practices relevant to Singapore entities and BNY Group businesses and identify gaps, develop and implement controls, processes and procedures to meet existing and upcoming requirements ensuring compliance with all applicable laws, rules and regulations. Responsible for preparing, maintaining, reviewing and improving current compliance and AML/CTF related policies, regulations, guidelines, code of conduct, standards of good practice. Coordinate the relevant examination/ reviews being conducted by regulators, external, consultants, external or internal auditors. Contributes to the preparation of time sensitive reporting and appropriately escalates issues to the Head of FCC - APAC, Singapore MLRO and senior management. Remain current with AML regulatory developments and issues. Represent BNY at relevant external industry forums, as required, to ensure awareness of industry developments and market practice. Provide AML/CTF advice and guidance to the first line of defense (1LOD) on AML regulatory issues and application of policy requirements to their business lines and customers, as required, e.g., advice on difficult/complex cases and approval for customer due diligence (CDD) exceptions or extensions, where permissible in accordance with applicable AML regulations and policy requirements. Assume the role of Deputy Money Laundering Reporting Officer (MLRO) for the Singapore Branch and support all associated responsibilities/tasks. Provide review and challenge for business line and legal entity AML/CTF and Sanctions risk assessments. Review and challenge other financial crimes-related control documentation, including in relation to transaction monitoring and sanctions. Provide advice to 1LOD in ensuring that financial crime risks are assessed in relation to changes to systems, customer onboarding, new products, acquisitions and any other relevant initiatives. Engage with Global and Regional program teams to support implementation/execution of controls enhancements, incorporating local requirements as necessary. Maintain strong working relationships with outside regulators, government officials and senior business unit managers as necessary to ensure the timely delivery of information and increase the likelihood of favorable conditions for compliance activities. Lead the training and education for the assigned business unit(s) on risk management and compliance requirements. Collaborate with the business unit(s) to develop the appropriate training materials.


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


Bachelor's degree or the equivalent combination of education and experience is required. Business or Finance degree preferred. 7-10 years of total work experience preferred. Financial Services, Audit or Compliance background and/or experience with banking/financial services compliance, FCC/AML/Sanctions and/or experience with the assigned products, services or business lines/areas (Markets experience/exposure) and the pertaining laws, regulations and rules of relevant regulators preferred. Strong Banking regulatory knowledge (including Accountability regime, licensing, outsourcing requirements). Strong team player and communicator Nimble and ever-ready to face challenges




At BNY, our culture speaks for itself. Here's a few of our awards:


America's Most Innovative Companies, Fortune, 2024 World's Most Admired Companies, Fortune 2024 Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024 Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024 "Most Just Companies", Just Capital and CNBC, 2024 Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024 Bloomberg's Gender Equality Index (GEI), 2023




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.