Vice President, Compliance & Control

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.