Company Overview Newton Investment Management is one of BNY Mellon Investment Management's specialists, and they are a London-based global investment house with expertise in a range of disciplines, including global, regional and emerging-market equities, multi-asset strategies, absolute return investing and global bonds. A global, thematic approach to investment helps them achieve long-term perspective on global financial markets and economies, and identify areas of long-term risk and opportunity. Their belief is that responsible investment is better investment for clients and they consider ESG (environmental, social and governance) issues in relation to every company in which they invest. Newton is part of BNY Mellon Investment Management, one of the world's largest investment managers.
Role overview To be a senior compliance officer within the Newton Compliance team, providing compliance support to the business, as directed by the Head of Compliance, and to assist in the day to day leadership and mentorship of the compliance advisory team.
Key Responsibilities 1.Regulatory compliance
Assist and support the Head of Compliance in the maintenance and the ongoing effectiveness of the Newton Compliance team as a second line of defence function.
Provide advice and guidance to the business and key stakeholders with regards to FCA and SEC compliance requirements and respond to ad hoc business requests for assistance and providing regulatory advice in line with regulations and where appropriate, industry best practice.
Provide compliance analysis and the identification of regulatory risks in the review of all existing and new business initiatives and developments and to represent the Risk and Compliance department at the Business Acceptance Panel (or equivalent) or in business change working groups.
Assist with the implementation of regulatory development/change projects, working collaboratively with the business to facilitate appropriate impact risk assessments, gap analysis and to ensure implementation requirements are executed to a good standard and in a timely manner.
Provide advice and guidance regarding Market Abuse, in particular acting as MNPI and Market Sounding Coordinator in the receipt and assessment of incoming information, to determine materiality of information and act as a control for the receipt, administration and maintenance of MNPI/Inside information and market soundings.
Assist the Head of Compliance in their role of MLRO in proving advice and support to the business on matters of financial crime.
Assist and advise all parts of the business with regulatory audits and investigations, whether from global regulators, or Internal Audit.
Be responsible for the preparation, review and completion of internal and external regulatory reporting as required, including corporate reporting to BNY Mellon Investment Management.
Represent the Newton Compliance department at Client meetings both pitching for new business or as part of the ongoing client relationship/ operational due diligence meetings.
As a senior member of the team build a close working relationship with the business (UK and globally) and Risk & Compliance colleagues in BNY Mellon entities in various global locations.
2.Assist in the management of the Compliance Advisory Team
To assist and provide day to day leadership, support and mentorship to the Newton Compliance Advisory team with the responsibility for advising and supporting the advisory team on all aspects of regulatory compliance required for a dual-regulated FCA/SEC investment management firm.
Assist in the day-to-day activities of the Compliance Advisory Team including required sign-offs and approvals for client certifications.
Ensure the team's maintenance and the ongoing effectiveness and implementation of all compliance policies and procedures, including the RCPP Manual, PTA and CODERAP administration.
Be responsible for the team's ongoing maintenance, enhancement, development and delivery of compliance training programs and activities for the UK entities so that they remain current and UK and US employees have appropriate compliance knowledge and awareness.
As a senior member of the team, to promote good conduct and culture by embedding high standards within the advisory team and wider function.
Make an effective contribution to the Newton Risk department.
3.Contribution to governance
Provide management information or deep dive analysis to governance committees and senior management to demonstrate compliance or to highlight issues or trends where appropriate.
Assist the Head of Compliance in providing reports and escalation of issues as required to the Newton and BNY Mellon IM governance committees as required.
Attend governance committees (e.g. NRCC) or oversight groups (e.g. the Regulatory Analysis Oversight Group or Anti-Financial Crime Oversight Group), providing effective contributions as a representative of the Risk and Compliance Department.
Provide accurate and appropriate management information to Senior Management.
Comply with all corporate policies and procedures including Heath and Safety Policy.
Culture, Regulatory and Compliance Responsibilites
Be aware, maintain knowledge and adhere to the relevant regulatory and legal obligation of the compliance function, including local and wider group policies.
Understand Newton's Conduct Framework and promotion of cultural values, including diversity and inclusion initiatives
Report any suspected breaches to the Compliance or Legal departments, as appropriate immediately on discovery.
Monitor, document and report business risks and internal controls of the function managed, alerting Senior Management immediately of any significant changes.
Ensure, as a 2LOD function, effective challenge is given to the 1LOD
Set professional example to all employees
Support and encourages staff development, objective setting and appraisal.
To promote Newton's approach to good conduct and culture
Shared Values and Core Competences Values
Client Focus - demonstrates clear understanding of importance of effective customer service, internally and externally
Trust - evidences high standards of integrity and openness
Teamwork - demonstrates ability to work effectively as a member of a team, a collaborative style, and understands the value of diversity
"Outperformance" - evidences the ability to exceed expectations of others
Global Acumen - Demonstrating an understanding of the competitive global business environment as well as an awareness of economic, social, and political trends that impact the organization's global strategy.
BNY Mellon is an Equal Employment Opportunity Employer. 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.