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Director, Digital Assets Compliance
Director, Digital Assets Compliance-April 2024
Pittsburgh
Apr 19, 2025
ABOUT BNY MELLON
You can make a difference by working at BNY Mellon, where finance, technology, and business intersect to power the global financial industry.
10,000+ employees
Financial Services, Technology
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About Director, Digital Assets Compliance

  Reference #: 49888BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on . Follow us on Twitter @BNYMellon or visit our newsroom at  for the latest company news.Job Purpose:This is a Financial Crimes Compliance role advising with the BNY Mellon's business on the Financial Crime Compliance aspects of its expansion into the Digital Asset sector. Advisory areas will include Anti-Money Laundering, Sanctions, Fraud, Cybersecurity and other applicable regulatory and compliance dimensions, as related to custody, global payments and correspondent banking, cash management, trade, and liquidity.  Key areas of digital expertise include: digital assets, digital/virtual currencies; distributed ledger technology, tokenization and the application of Financial Crimes Compiance controls to these areas.  This role will be a key stakeholder engaging with the business to provide second line of defense advice and challenge in relation to financial crimes digital assets legal and regulatory obligations and requirements under BNY Mellon's financial crimes policy framework.Responsibilities:The role holder will be play a role providing advice on financial crimes compliance for all digital assets initiatives. Key responsibilities include:Supporting digital product strategic priorities and the short term and long-term roadmap for BNY Mellon by providing 2nd line of defense (2LOD) review, challenge, and advice in relation to financial crimes compliance requirements.Keeping track of industry and regulatory trends in relation to digital products, with a focus on financial crimes compliance regulatory developments and digital product financial crimes typologies, supporting the first line of defense (1LOD) in identifying solutions to meet regulatory requirements e.g., Travel Rule / Funds Transfers Regulation compliance solutions.Providing financial crimes advice and guidance to the 1LOD on financial crime regulatory issues and application of policy requirements to their business lines, products/services, and customers in relation to digital products e.g., licensing/registration requirements and advice on technical aspects of Know Your VASP due diligenceActing as central point of contact and overseeing the implementation of Financial Crimes Compliance requirements across the 1 and 2LOD to support digital asset activitiesSupporting the scoping and impact analysis for financial crimes regulatory change impacting digital products.Reviewing and challengeing business line digital product policies, standards, and procedures, at implementation and subsequent review, in relation to implementation of financial crimes compliance requirements.Supporting 2LOD review of new and modified digital products and services, including considering the product AML risk rating, AML typology review, and advising on controls required to mitigate the financial crimes risks associated with the product.Supporting review and challenge of other financial crimes related control documentation and governance, including in relation to transaction monitoring data lineage and sanctions surveys as they relate to digital products and the monitoring of associated public and private blockchains.Supporting development and on-going review of risk and controls assessment , KRIs, and KPIs involving digital asset products and servicesProviding advice in relation to financial crimes implications of digital product investments, acquisitions, and any other relevant projects, as required.Contributing to overall financial crimes governance and represent the Financial Crimes Compliance on internal committees, as required, and at relevant external industry forums.Working closely with BNYM Money Laundering Reporting Officers in relation to financial crimes advice for digital products and any local regulatory requirements.Working with the global Financial Crimes Compliance on developing and enhancing global financial crimes policies and standards in relation to digital products, training for 1LOD/2LOD, and other initiatives of common interest.Complying with all BNY Mellon corporate policies and procedures, including HR policies and procedures and departmental proceduresAlerting management immediately of any significant changes to business risks and internal control effectivenessNotifying the Global Head of Financial Crimes Compliance and Chief Compliance Officer of Digital Assets Compliance of any matters that require escalation to Compliance senior management, including the Chief Compliance and Ethics Officer, immediately on discovery, such as material regulatory breachesComplying with all Security and Health & Safety policies and procedures operating within the business.QualificationsExtensive experience in a financial crimes compliance role or equivalent experienceThorough knowledge of financial crimes laws, regulations, guidance, and regulatory expectationsUnderstanding of digital assets and the regulatory environment, particularly in relation to financial crimes complianceAbility to work under time pressure in calm, professional manner in an environment of changeStrong analytical skills, problem-solving ability, and attention to detailExcellent communication and interpersonal skillsLegal or bachelor's degree or equivalent work experienceOur Benefits:BNY Mellon offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves that can support you and your family through moments that matter.BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

  BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $122,000 and $175,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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

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