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Regulatory Control Specialist
Posted date [Jun-21-2016]
(ID: 4292)
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:

BNY Mellon's Asset Servicing business is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description Support management in the day-to-day control efforts related to regulatory, legal policies, procedures and practices. Review and analyze subscription documents received from investors for regulatory compliance with applicable laws and regulations pertaining to hedge funds including, but not limited to ERISA, the 3(c )1 and 3(c )7 exemptions of the Investment Company Act of 1940, the eligibility requirements dictated by the Financial Industry Regulatory Authority, the Exempted Mutual Fund exemptions contained in the Cayman Islands Mutual Funds Law, etc. Perform non-documentary searches on all investors, ensuring that potential investors have no negative information, are not politically exposed persons and pose no reputational threat to either our client or BNY Mellon. Review and analyze daily alerts received regarding investors/contacts through AIS s AML software system. Review all initial subscription documents from fund of funds clients ensuring that the representations and warranties contained in same conform to the representations contained in our clients' offering memoranda. In connection with same, liase with fund managers and team managers in the Fund of Funds' group regarding any corrections the Regulatory Control Specialists I make and revise all incorrect documents accordingly. Prepare AML letters on behalf of clients, noting what specific services we are providing for our client and preparing the appropriate letter dependent on the jurisdiction in which the investment is being made. Monitor cash activity and liase with Investor Services' and Accounting Administrators and Managers regarding same. If a discrepancy exists, prepare a memo accordingly and log same for distribution to the global compliance group. Third party transaction monitoring. Other ad-hoc projects that may be mandated by Global Compliance, Tax, etc.
This position will start in Somerset, NJ and move to our Woodland Park (West Patterson), NJ location in 6 to 9 months.

Candidates will not contact you directly. Any relevant candidates will be forwarded by our staff.
Job Title Regulatory Control Specialist
Post Details
Title/Function client management
Start Date ASAP
Location Woodland Park
Job Type Job Type -> Full-time
Experience Level Entry
Classification Job Classification -> Finance
Industry Industry -> Banking
Salary 70's
Required Qualifications College Degree. College Degree and Paralegal Certificate preferred. 2+ years relevant experience in the securities servicing industry or 1 year experience with legal/paralegal education. 3+ years relevant hedge fund, compliance/AML and legal experience and legal/paralegal experience. Strong interpersonal and organizational skills. Attention to detail; Good analytic and strong communication skills.
Desired Qualifications FACTA experience preferred