Business Sanctions Coordinator, Vice President, Compliance & Control II

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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 is all about.

We're seeking a future team member for the role of Business Sanctions Coordinator, VP Compliance and Control II to join our BNY Pershing team. This role is located in Lake Mary, FL or Jersey City, NJ - Hybrid.

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

• Manage sanctions issues identification, escalation and resolution, collaborating with stakeholders, conducting root cause analysis, developing action plans, monitoring controls, ensuring timely closure and evidence preparation per internal procedures.
• Proactively track sanctions regulatory changes, update desktop procedures as needed, mitigate legal and reputational risks associated with sanctioned entities and/or countries, and provide qualitative analysis for metric development.
• Be the first point of escalation for the line of business for sanctions related matters.
• Responsible for conducting comprehensive assessments, analyzing sanctions related risks for new products and services, and presenting results to relevant governance forum.
• Draft and distribute client-focused external sanctions-related communications.
• Assess ad-hoc or targeted sanctions training needs.

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.
• Prior work experience at a financial institution, law firm, regulatory agency, professional services firm, or other similar work environment.
• 7-10 years to total experience preferred. 3-5+ years sanctions experience preferred, including Risk, Sanctions Compliance, Sanctions Operations and Financial Crime areas.
• Comprehension of Office of Foreign Asset Control (OFAC) regulations, and local sanctions regulatory framework, when applicable.
• Ability to independently identify sanctions risks as well as promote a strategy to enhance and/or remediate any gaps that exist and motivate change to transform and lead remediation on behalf of the firm.
• Demonstrates exceptional self-motivation, integrity, and teamwork, while maintaining strict confidentiality and ethical standards in handling sensitive data.
• Exhibits outstanding organizational skills, analytical skills, rational, and cross-cultural communication abilities, consistently meeting deadlines and proactively addressing risk factors in a dynamic work environment.

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,
• Best Places to Work for Disability Inclusion , Disability: IN - 100% score,
• "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.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $81,000 and $160,000 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 salary (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 performance, and market factors.

LI-Hybrid

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: .

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