Director, Managing Counsel- Financial Crimes
Welcome to The Bank of New York Mellon, where we strive to provide exceptional financial services to our clients while upholding the highest ethical standards. We are currently seeking a dedicated and experienced Director, Managing Counsel for our Financial Crimes team. In this role, you will lead a team of legal professionals in developing and implementing strategies to combat financial crimes such as money laundering, fraud, and terrorist financing. As a key member of our legal department, you will play a critical role in protecting our institution and our clients from financial crimes. We are looking for a highly skilled and motivated individual with a strong understanding of financial crimes laws and regulations, excellent leadership abilities, and a passion for promoting integrity and trust in the financial industry. If you are ready to make a meaningful impact and join a dynamic team, we encourage you to apply for this exciting opportunity.
- Develop and implement strategies to prevent and combat financial crimes such as money laundering, fraud, and terrorist financing.
- Lead a team of legal professionals in the Financial Crimes department, providing guidance, support, and oversight.
- Stay up-to-date on relevant laws and regulations related to financial crimes, and ensure that the team is compliant with all legal requirements.
- Collaborate with other departments and teams within the organization to ensure a cohesive approach to preventing financial crimes.
- Conduct risk assessments and identify potential areas of vulnerability, recommending appropriate actions to mitigate risks.
- Develop and maintain relationships with external stakeholders, including law enforcement agencies and regulatory bodies.
- Provide legal advice and guidance to the organization on financial crimes-related matters.
- Develop and deliver training programs to educate employees on financial crimes laws and regulations.
- Monitor and analyze industry trends and best practices in financial crimes prevention and make recommendations for improvement.
- Develop and maintain policies and procedures related to financial crimes prevention.
- Oversee investigations into suspected financial crimes and ensure appropriate actions are taken.
- Promote a culture of integrity and ethical behavior within the organization.
- Represent the organization in legal proceedings related to financial crimes.
- Maintain confidentiality and handle sensitive information with discretion and professionalism.
- Continuously review and improve processes and procedures to enhance the effectiveness of the Financial Crimes team.
Extensive Knowledge And Experience In Financial Crime Laws And Regulations: The Ideal Candidate Should Have A Strong Understanding Of Financial Crime Laws And Regulations, Including Anti-Money Laundering (Aml), Counter-Terrorism Financing (Ctf), And Sanctions Laws. They Should Also Be Up-To-Date On Industry Trends And Best Practices In This Area.
Leadership And Management Skills: As A Director, Managing Counsel, This Individual Will Be Responsible For Leading A Team Of Legal Professionals And Managing Their Workflow. Therefore, They Should Have Excellent Leadership And Management Skills, Including The Ability To Motivate And Develop Team Members, Delegate Tasks Effectively, And Make Strategic Decisions.
Legal Expertise And Experience: The Candidate Should Possess A Juris Doctor (Jd) Degree From An Accredited Law School And Have At Least 10-15 Years Of Experience In A Legal Role, Preferably In A Financial Institution. They Should Also Have A Strong Understanding Of Corporate And Commercial Law And The Ability To Provide Sound Legal Advice To Senior Management.
Communication And Interpersonal Skills: This Role Will Require Frequent Communication And Coordination With Various Stakeholders, Including Senior Management, Regulatory Bodies, And External Counsel. The Candidate Should Have Excellent Communication And Interpersonal Skills To Effectively Convey Complex Legal Concepts And Build Relationships With Stakeholders.
Risk Management And Compliance Experience: The Bank Of New York Mellon Places A High Priority On Risk Management And Compliance. Therefore, The Ideal Candidate Should Have Experience In Assessing And Managing Legal Risks In A Financial Institution And Ensuring Compliance With Relevant Laws And Regulations. They Should Also Have A Strong Understanding Of Internal Control Processes And Procedures.
Risk Management
Contract Negotiation
Litigation management
Team Leadership
Regulatory compliance
Fraud prevention
Policy Development
corporate governance
Legal Strategy
Anti-Money Laundering
Financial Investigation
Communication
Conflict Resolution
Customer Service
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Director, Managing Counsel- Financial Crimes in Pittsburgh, PA, USA is between $217,000 and $290,000 per year. This range can vary depending on factors such as years of experience, industry, and the specific company. It is important to note that bonuses, benefits, and other compensation packages may also be included in the overall salary.
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The Bank of New York Mellon Corporation is an American worldwide banking and financial services holding company headquartered in New York City. Bank of New York was established in 1784. BNY Mellon was formed with the merger of The Bank of New York and the Mellon Financial Corporation.
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