Vice President, Fiduciary Oversight Management
About The Position
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Vice President, Fiduciary Oversight Management to join our team. This role location can be located in Pittsburgh PA, Philadelphia PA, Greenville DE, Lake Mary FL, or New York NY. In this role, you'll make an impact in the following ways: Manage first line of defense regulatory oversight activities focused on fiduciary account administration. Provide approvals and oversight for fiduciary account administrative reviews and resolve escalated compliance issues as needed. Maintain thorough knowledge of financial services rules, fiduciary regulations (including Regulation 9), portfolio management, and fiduciary account administration. Stay abreast of existing and proposed legislation, regulatory announcements, and industry practices to identify compliance requirements and risks. Collaborate with business units to develop, implement, and validate procedures and controls that ensure compliance with fiduciary laws, rules, and regulations. Assist regional managers in responding to regulatory or audit reports related to fiduciary oversight. Manage multiple complex projects, owning timelines and leadership expectations to meet business and regulatory objectives. Foster strong relationships across client service teams to support fiduciary compliance and risk management.
Requirements
- Bachelor's degree in Finance, Business Administration, or a related field.
- Typically 7-10years of experience in Wealth Management or related industry.
- Strong knowledge of OCC Regulation 9
- Strong analytical skills with the ability to interpret complex regulatory requirements.
- Excellent communication and collaboration skills to work effectively with diverse teams.
- Proven track record in regulatory compliance and risk management strategies.
Nice To Haves
- Advanced degree or certifications in compliance or regulatory affairs desirable (e.g. JD, CTFA)
Responsibilities
- Manage first line of defense regulatory oversight activities focused on fiduciary account administration.
- Provide approvals and oversight for fiduciary account administrative reviews and resolve escalated compliance issues as needed.
- Maintain thorough knowledge of financial services rules, fiduciary regulations (including Regulation 9), portfolio management, and fiduciary account administration.
- Stay abreast of existing and proposed legislation, regulatory announcements, and industry practices to identify compliance requirements and risks.
- Collaborate with business units to develop, implement, and validate procedures and controls that ensure compliance with fiduciary laws, rules, and regulations.
- Assist regional managers in responding to regulatory or audit reports related to fiduciary oversight.
- Manage multiple complex projects, owning timelines and leadership expectations to meet business and regulatory objectives.
- Foster strong relationships across client service teams to support fiduciary compliance and risk management.
Benefits
- 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.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
