Senior Director, Compliance (Wealth Services)
About The Position
BNY is seeking a Senior Director to join its Wealth Services Compliance team, supporting BNY and its affiliates. The role is based in New York City and provides senior compliance leadership and advisory coverage for Wealth Services, primarily concerning U.S. broker-dealer and registered investment adviser activities. The position supports BNY’s Managed Account Solutions business, an integrated platform for multi-asset portfolios, and helps address client-specific requirements such as tax management, portfolio customization, and reporting across different account structures. It also supports platform integration with regulated legal entities, including BNY Wealth and Investments businesses, and external clients. The Senior Director advises business leadership on regulatory requirements, supervisory expectations, and compliance risks; leads implementation and oversight of the business’s compliance framework; and provides compliance support for corporate actions processing and issues involving account reconciliation, trading, and reporting. The role analyzes legislation, regulatory announcements, and industry practices, supports the development and implementation of procedures and controls, and conducts risk assessments and collaborates on monitoring reviews to identify vulnerabilities and mitigate them. This is a high-visibility position requiring expert knowledge of SEC and FINRA rules and regulations, strong compliance and risk-management practices, and experience supporting wealth management and capital markets businesses. The role calls for proactive risk management and the ability to influence stakeholders and advance compliance initiatives in a collaborative, matrixed environment.
Requirements
- Expert knowledge of relevant financial industry rules and regulations, including SEC and FINRA requirements.
- Strong understanding of compliance and risk-management best practices.
- Experience providing senior compliance support to wealth management and capital markets businesses.
- Proven ability to influence stakeholders at all levels of an organization and drive compliance initiatives in a collaborative, matrixed environment.
- 15 years of relevant compliance and/or financial services experience preferred.
- Bachelor’s degree or professional certification preferred.
Nice To Haves
- Bachelor’s degree or professional certification.
- 15 years of relevant compliance and/or financial services experience.
Responsibilities
- Serve as a senior compliance advisor to business leadership on regulatory requirements, supervisory expectations, and compliance risk matters.
- Lead implementation and oversight of the compliance framework for the Wealth Services business, primarily for U.S. broker-dealer and registered investment adviser activities.
- Lead advisory compliance coverage for BNY’s Managed Account Solutions business, including support for client-specific tax management, portfolio customization, and reporting requirements across account structures.
- Support platform integration with regulated legal entities, including BNY Wealth and Investments businesses, and external clients.
- Provide compliance advisory support for corporate actions processing and issues involving account reconciliation, trading, and reporting.
- Analyze existing and proposed legislation, regulatory announcements, and industry practices.
- Support business units in developing and implementing procedures and controls to meet regulatory requirements.
- Conduct risk assessments and collaborate on internal monitoring reviews to identify potential compliance vulnerabilities and implement mitigating controls.
- Proactively manage risk and influence positive business outcomes.
- Influence stakeholders at all organizational levels and drive compliance initiatives in a collaborative, matrixed environment.
Benefits
- Competitive compensation and benefits.
- Wellbeing programs and access to flexible global resources and tools.
- Paid leaves, including paid volunteer time; other paid time off may include vacation and sick time, depending on the position.
- Eligibility to enroll in a 401(k) plan.
- Company-sponsored medical, dental, vision, and basic life insurance plans for eligible employees and eligible dependents.
- Eligible employees may receive an annual discretionary incentive award and other benefits, subject to applicable plans and position.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
