IM EMEA, Assistant Compliance Manager: Distribution and Financial Promotions
BNY Mellon Investment Management
July 5, 2018
London, United Kingdom
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.
An opportunity to join the 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 and Luxembourg.
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
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: bnymellon.com/careers.
As one of the world's leading investment management organizations and one of the top U.S. wealth managers, BNY Mellon Investment Management combines agility, insight and scale to create and deliver strategies and solutions to address our clients' needs. Encompassing BNY Mellon's investment management firms, wealth management organization and global distribution teams, we draw on deep expertise to collaborate with clients and tailor our best ideas and resources to meet their specific needs. We pride ourselves on providing dedicated service through our network of global professionals who have a deep understanding of local requirements. With our extensive experience in anticipating and responding to the investment and financial needs of the world's governments, pension plan sponsors, corporations, foundations, endowments, advisors, intermediaries, individuals and families, and family offices, BNY Mellon Investment Management is dedicated to helping clients reach their goals.
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater London-London Job: Asset Management Internal Jobcode: 50346 Organization: BNYM IM EMEA Ltd-HR14104 Requisition Number: 1809376