Compliance Manager, Vice President
Our Company
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $25.42 trillion in assets under custody and administration and $2.18 trillion in assets under management at March 31, 2013, State Street operates globally in more than 100 geographic markets and employs 29,460 worldwide. For more information, visit State Street's website at www.statestreet.com.
Promoting a culture of excellence
With more than 29,460 employees across 29 countries, at State Street, our people are our greatest asset. We recognize that highly skilled, engaged and productive employees are essential to our success. Our company values reflect our commitment to employee engagement, Global Inclusion and corporate social responsibility -- to help you build a fulfilling career. Around the world, we aim to be an employer of choice by offering competitive compensation and benefits, personal and professional development opportunities, and a work environment that promotes a diverse array of people, ideas and skills.
We're a company that insists on, and rewards, performance excellence. We know our success hinges on attracting the best people to join us -- people like you.
We encourage you to explore the possibilities that a career at State Street can offer you.
State Street is committed to embracing diversity and inclusion in the workplace.
Background:
This is a newly created role within State Street's busy and evolving Compliance department. We have recently appointed a new Head of Compliance for the EMEA region so fresh, new challenges will lie ahead for the team. At State Street we are small enough to allow you to make a material difference to assist both the business and your career. You will have a consultative approach with the business and be proactive rather than reactive.
The work is mainly focussing on Custody within the GS UK Operations division in Edinburgh, however the role can be based in either Edinburgh or London.
Purpose of the Role:
To assist and support the team in the execution, implementation of the Regulatory Oversight Programme and implement a comprehensive monitoring and surveillance plan for the GS UK Operations division (Custody). Provide regulatory advisory interpretation and support to the business line and assist in the management and responding to regulatory queries.
Summary of Duties Responsibilities:
- Implement and execute the noted risk responses including the application of a documented Monitoring and Surveillance (M+S) plan. Ensuring that management is fully aware of the noted responses and that effective reporting is made on the plan to the required compliance and business management and the designated CF10A.
- Monitor and produce detailed analysis of regulatory change and ensure that the business senior management teams are appropriately informed of the impact and regulatory risk so they can discharge their duties.
- Proactively and effectively review and update the Compliance Oversight Program including the inventory and risk responses for changes in regulation applicable to State Street.
- Facilitate and deliver compliance training and education for all relevant staff for all business lines.
- Participate and attend external regulatory forums and groups to provide input and discussions on forthcoming compliance regulation.
- Manage and lead regulatory and external audits in relation to the Custody business. Ensuring information requests are responding to in a timely manner and visits are coordinated efficiently. Respond to queries and reports in conjunction with the required business unit management. Ensuring that any issues are escalated and highlighted to the required governance committees.
- Proactively review Compliance policies/procedures and compliance manual to ensure they are up to date and accurate.
- Provide written reports on the effectiveness of the compliance program for presentation to the required management for the business and compliance teams.
Skills Knowledge Required:
- Extensive experience of managing compliance matters within a Custody environment
- Demonstrated communication and rapport building skills with stakeholders
- Ability to build consensus and develop and maintain business relationships within the business unit and across the corporation.
- Proactive
- Team player
- Highly detailed orientated and organised
- Committed to meeting deadlines
- Ability to work under pressure
This is a newly created role within State Street's busy and evolving Compliance department. We have recently appointed a new Head of Compliance for the EMEA region so fresh, new challenges will lie ahead for the team. At State Street we are small enough to allow you to make a material difference to assist both the business and your career. You will have a consultative approach with the business and be proactive rather than reactive. The work is mainly focussing on Custody within the GS UK Operations division in Edinburgh, however the role can be based in either Edinburgh or London.
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