The Committee shall approve compensation arrangements for non-employee members of the boards of directors of the Corporation's significant subsidiaries. BNY Mellon Chief Compliance Officer Jobs | Glassdoor If the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, the Committee will oversee the internal audit function of such subsidiary. NEW YORK, July 6, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") (NYSE: BK) announced today that Dermot McDonogh has been appointed as Chief Financial Officer ("CFO") for the company, effective February 1, 2023. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Grace L. Russak 201 South Lake Avenue | Wealth Management, Asset 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. As investment strategies increasingly become more complex, technology can play a pivotal role in ensuring asset owners reporting capabilities keep pace. Mr. Vince currently serves as Vice Chair of BNY Mellon and CEO of Global Market Infrastructure, which includes BNY Mellon's Pershing, Treasury Services, and Clearance and Collateral Management lines of business as well as Markets & Execution Services. Development Opportunities: The Committee shall review with the registered independent public accountants any audit problems or difficulties, including any restrictions on the scope of the registered independent public accountants' activities or on access to requested information and any significant disagreements with management and management's response. The Committee shall review financial forecasts, operating budgets, capital expenditures and expense management programs and progress relative to targets and relative to competitors. A meeting of the Committee may be called by its chairman or any two members of the Committee. Committee members and the Committee Chairman and their independence shall be reviewed annually by the Corporate Governance, Nominating and Social Responsibility Committee and the Board of Directors and serve at the pleasure of the Board. 67 min read. As CFO, Mr. McDonogh's responsibilities will span global financial strategy and financial operations, including finance functions, controllership, Treasury, the Chief Investment Office, capital management, tax, corporate development, investor relations and the business CFO teams. 363.2(b). Verify your identity, personalize the content you receive, or create and administer your account. The Committee has direct responsibility for the appointment, compensation, retention and oversight of the work of any registered independent public accountants engaged to prepare an audit report or to perform other audit, review or attest services for the Corporation, and such registered independent public accountants will report directly to the Committee. He joined Goldman Sachs in 1994 as a product controller in the Finance Division. James T. Crowley | BNY Mellon | Pershing ", Mr. Vince continued, "Emily has been a trusted partner to me, CEO Todd Gibbons, and the Executive Committee, and we are very pleased to have a versatile leader taking the helm of these businesses to further accelerate the momentum of several of our key growth areas. Adept at collaborating with. This Executive Committee structure is in place since 2017. Read our client stories and learn about the many ways we work to make a difference in our communities and beyond. The Committee shall coordinate with the Risk Committee of the Board (which may be done through the Chairs of each Committee) to ensure that each Committee has received and, when appropriate, discussed, the information necessary to fulfill their respective responsibilities and duties with respect to areas of common interest. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The Committee will assist the Board in fulfilling its oversight responsibilities in respect of: The Committee's function is one of oversight, recognizing that the Corporation's management is responsible for preparing the Corporation's financial statements, and the independent public accountants are responsible for auditing those statements. The Committee will consist of a majority of members who are not also members of any committee to which such national bank subsidiarys board of directors has delegated power to manage and control the fiduciary activities of such national bank subsidiary. Sales Support Administrator @ AMETEK Crank Client Service Support Associate for Primerica Financial Services @ BNY Mellon Rent the Runway, Head of Investment Strategy and Equity Advisory Solutions, Leader, Basketball Legend and No credit card required. Additional information is available on www.bnymellon.com. As ofMarch 31, 2022, BNY Mellon had$45.5 trillionin assets under custody and/or administration, and$2.3 trillionin assets under management. Jim Crowley is the Chief Executive Officer and Chair of the Executive Committee for Pershing. The Investor Solutions division is the company's Multi-Asset Solutions segment . Welcome to BNY Mellon Investment Management | BNY Mellon Toggle Site Nav Contact Us investor. About BNY MellonBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Deputy Chief Compliance Officer - Investments and Securities. Principles membership ICMA - International Capital Market Association Registered Independent Public Accountants. BNY Mellon. Work collaboratively with Corporate and divisional teams to achieve organizational objectives and ensure alignment with Bank-wide activities. Investment Reporting: Staying on Top in the New Era. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. Pittsburgh, PA 4d. 2023 THE BANK OF NEW YORK MELLON CORPORATION, Governments, Sovereigns & Not-For-Profits. Mr. McDonogh will join the company on November 1, 2022, reporting to BNY Mellon's Chief Executive Officer ("CEO"), and he will join the Executive Committee. BNY Mellon Announces Leadership Succession Plan Naming Robin Vince CEO BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. All members will be "financially literate," at least one member will have "accounting or related financial management expertise" and, if the Committee performs the audit committee functions for an insured depository institution subsidiary of the Corporation, at least two members will have banking or related financial management expertise and no member will be a large customer, as such term is defined for purposes of 12 C.F.R. related services not included in clause (i) that are reasonably related to the performance of the audit or review of the Corporation's financial statements, in the aggregate and by each major type of service; (iii) tax compliance, tax advice and tax planning services, in the aggregate and by each major type of service; and (iv) all other products and services provided by the registered independent public accountants, in the aggregate and by each major type of service. $57K-$85K Per Year (Glassdoor est.) The Committee shall establish procedures for the receipt, retention and treatment of complaints received by the Corporation regarding accounting, internal accounting controls or auditing matters, and for the confidential, anonymous submission by Corporation employees of concerns regarding questionable accounting or auditing matters. Except as limited by law, regulation or the rules of the New York Stock Exchange, the Committee may form subcommittees for any purpose that it deems appropriate and may delegate to such subcommittees or to members of the Corporation's management such power and authority as it deems appropriate, provided, however, that any such subcommittees shall meet all applicable independence requirements and that the Committee shall not delegate to persons other than independent directors any functions that are required under applicable law, regulation, or stock exchange rule to be performed by independent directors. ", Mr. Vince commented: "BNY Mellon is an extraordinary institution with a rich history, leading market positions and an exceptional global client franchise. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/bny-mellon-announces-leadership-succession-plan-naming-robin-vince-ceo-elect-301499790.html, Bank of New York Mellon : Early Repurchase(s), W.P. The Committee shall perform an annual evaluation of the registered independent public accountants' qualifications, performance, and independence and the performance of the lead engagement partner. Additional information is available on www.bnymellon.com. Part 363 for insured depository institution subsidiaries of the Corporation and may perform the functions of a fiduciary audit committee required by 12 C.F.R. In adopting this Charter, the Board acknowledges that the Committee members are not employees of the Corporation and are not providing any expert or special assurance as to the Corporation's financial statements or any professional certification as to the work of the Corporation's independent public accountants or the auditing standards applied. This charter will be published on the Corporation's website and the Corporation will disclose in its annual proxy statement that this charter is available on its website and provide the website address. Joseph J. Echevarria, Independent Chair of the Board of Directors, said: "Today's announcement is the culmination of the Board and Todd's well-planned, thorough and orderly succession process to ensure continuity of leadership and BNY Mellon's continued success.
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