Role Synopsis and Required Skills and Attributes:

Pershing provides a broad range of financial business solutions to investment banks, broker-dealers, wealth managers, financial planners and advisers across EMEA. We provide sophisticated front-end technology and flexible middle office capabilities with execution, settlement and custody services. These are supported by a robust regulatory and compliance framework with dedicated client asset experience and expertise.

This role works within the Know Your Client (KYC) team who are a first line team primarily responsible for the research, preparation and review of all Pershing EMEA KYC due diligence profiles required for existing clients and new prospects as well as all Sanctions screening and associated activities. The team works closely with the Financial Crime team and the Pershing Relationship Managers.

Required Experience

• Proven experience of Sanctions monitoring to include a wide range of incident management
• Experience of Sanctions procedure production/review/amendment
• In depth knowledge of AML/Sanctions legislation to include UK Treasury and OFAC, Money Laundering Regs, Proceeds of Crime Act 2002 and JMLSG Guidance.
• Ideally ACAMS Qualified
• Choicepoint, Actimise and Lexis Nexis experience (or similar)
• Can analyze existing & proposed legislation to determine impact on the firm and recommend appropriate response
• Can analyze business queries as they relate to AML issues and provide practical alternatives / solutions

Primary Responsibilities
BSCs designated by the Line of Business or Corporate Staff Heads throughout the Firm are considered first line employees and shall have the following minimum roles and responsibilities, including, but not limited to, the following duties:
Responsible for

• Overall responsibility for the daily investigation and clearance of Choicepoint/sanctions hits ensuring suitable investigation and escalation as appropriate, ensuing all alerts are completed within specified timeframe and to the expected standard.
• Acting as the day-to-day liaison and point of contact on all sanctions-related matters, including but not limited to client sanctions-related inquiries, sanction restrictions and other related controls.
• Identifying sanctions risk associated with clients, products, services, new business initiatives, transactions and technology on the implementation of sanctions screening processes and/or other appropriate broader controls.
• Identifying and escalate any manual sanctions screening processes, screening gaps or other manual sanctions-related controls and implementing appropriate controls that mitigate the sanctions risk and tracking to completion.
• Escalation of complex transactions for further guidance.
• Interacting with Compliance on the implementation of new OFAC/Economic Sanctions Program requirements and appropriate screening controls and any appropriate broader control processes.
• Disseminating OFAC Regulatory Updates and other sanctions-related communications and guidance prepared by Global Sanctions Compliance to employees and managers that handle, directly or indirectly, Property, Accounts, and Transactions.
• Preparing, reviewing, and socializing sanctions-related management information for internal and group wide stakeholders.
• Identifying the need for and coordinating with Global Sanctions Compliance on business-specific sanctions-related training.
• Managing, tracking and reporting any transaction in excess of USD $1,000,000 that is suspended for a real-time sanctions-related investigation.
• Preparing on an annual basis the Annual Census submission (which is a complete list of OFAC Blocked Property) as of June 30 for all Pershing entities for the purposes of the Firm-wide consolidated filing of the OFAC Annual Report of Blocked Property by September 30, as coordinated by Global Sanctions Compliance.
• Completing Data Lineage Cards and renewing them on an annual basis, including presenting new and material revisions to the OFACAG.
• Retaining a central file of all sanctions-related presentations made to the OFACAG.
• Performing an annual renewal of the existing surveys timely, i.e., by no later than the systemically generated annual renewal date appearing in the OFAC Survey Repository.
• Daily monitoring of frozen/monitored accounts whilst working towards active resolution/escalation and production of associated MI.
• Incident management of sanctioned payment attempts and suspicious activities using the Actimize tool.
• Monitoring sanctioned stock, DNDBW and PEP lists and then actioning notifications, producing associated MI and reviewing HPOM alerts.
• Reviewing potential OFAC, PEP and World Check alerts to determine if they are material with respect to existing clients and potential clients.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team – one that is representative and inclusive of the diverse talent, clients and communities we work with and serve – and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.