Legal Entity Controller

BNY Mellon



20 March 2017

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BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 35 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

Job Purpose:

The Bank of New York Mellon UK Outsourcing Analyst is part of the EMEA Chief Operating Office (EMEA COO) with responsibilities for the oversight of the Operations framework in the BNY Mellon UK Banking Legal Entities, specifically The Bank of New York Mellon London Branch and BNY Mellon (International) Ltd.

The UK Outsourcing Analyst will be involved in setting, maintaining and overseeing the UK outsourcing framework ensuring compliance with the BNY Mellon outsourcing policies and UK regulations such as SYSC 8. The UK Outsourcing Analyst will be responsible for supporting the production of related outsourcing reporting for BNY Mellon International Board, London Branch Management Committee and other Operational Committees as well as interfacing with regulators and auditors on UK outsourcing matters.


Responsible for building, implementing and maintaining a robust UK Legal Entity Outsourcing framework which is compliant to BNY Mellon outsourcing policies and principals and applicable UK regulations.

Attend & actively participate in the UK Outsourcing Management Committee which is responsible for ensuring that all proposed new and additional outsourcing activities are reviewed before submission to the UK Operating Committee; also that ongoing supervision and oversight of existing outsourcing arrangements is completed by the relevant business functions.
Collate and track all UK outsourcing documentation, intercompany agreements and related service level documentation ensuring that all outsourced activities/functions have the appropriate documented arrangements. Documentation to be retained/recorded on Outsourcing repository.
Support the team in the adoption and implementation of Global Outsourcing policies into the UK framework.

Establish specific performance metrics to monitor outsourced activities/functions by Legal Entity, governed by outsourcing Service Level Descriptions. Oversee the process for formal review and oversight of performance metrics and summary reporting into UK Legal Entity governance structure.
In collaboration with Tax and Finance, ensure that appropriate transfer pricing related processes are in place and are adhered to in relation to intra-company outsourcing arrangements.
Actively involved in UK outsourcing regulatory and audit enquiries.

Provide support to the Operational Investment Services teams when they are faced with key operational issues and supporting escalation when related to the UK Banking Legal Entities.
Build effective relationships across the BNY Mellon group to ensure that the UK Banking Legal Entities are appropriately represented and that the company leverages the EMEA COO Office.
Work closely with the team to look for opportunities for process improvements and best practice adoption across the UK Banking Legal Entities and the wider organisation.

Assist in the implementation and oversight of the operation projects and corporate operations initiatives that impacting UK Banking Legal Entities.

Focus on the risk management of operations of the UK Banking Legal Entities (KRI’s, RSCA’s, Risk Registers, Audit issues etc) ensuring that all relevant operational issues and risks are captured and escalated, where appropriate, through governance framework.


Proven PC skills, including the utilisation of advanced Excel and Sharepoint functionality.
Experienced in senior management reporting, MI collation, reconciliation and data analysis.
Attention to detail.

Good knowledge of the UK Regulatory (CASS, SYSC, COBS) requirements and Outsourcing arrangements and concepts is preferred

Good understanding of at least one or more of the UK Banking Legal Entities key businesses/products; Asset Servicing, Corporate Trust, Global Collateral Services, Transfer Agency or Treasury Services is preferred
Strong organisational skills with the ability to prioritise and meet deadlines in a pressurised environment.

Strong written and verbal communication skills.

Self-motivated individual with the ability to work independently and as part of a team.

General Requirements

Comply with all BNY Mellon corporate policies and procedures, including HR policies and procedures, applicable to BNY Mellon

Alert management including the Chief Risk Officer and / or the EMEA Chief Risk Officer immediately of any significant changes to business risks and internal control effectiveness.

Notify management and/or the Chief Compliance and Ethics Officer and Head of International Compliance immediately on discovery of any material regulatory breach.

Comply with all Security and Health & Safety policies and procedures operating within the business.


For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Client Service Delivery (CSD) brings together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. CSD helps clients to conduct business, service assets, and engage in transactions in 35 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - CSD is working to make BNY Mellon the recognized industry service quality and productivity leader. Client Service Delivery manages investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.
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