Bank Policy & Advisory Compliance Officer, Assistant Vice President (Finance)

Who we are looking for

We are looking for a highly motivated and experienced Compliance Officer, AVP to join our dynamic Bank Policy & Advisory (BP&A) team in Corporate Compliance. The ideal candidate will have subject matter expertise in Regulation W and Regulation U with other general knowledge of core banking regulations. This role requires experience in the management of compliance risk through a compliance risk management framework and the design and execution of oversight / monitoring activities to demonstrate the effectiveness of policy implementation, strong organizational skills to drive efficiency and consistency of policy administration, governance, and reporting, and the skillset to understand regulatory obligations and their application to the organization to advise on adherence to the aligned policies and supporting regulations. The remit of the BP&A team is global, high profile and fast-paced. The role involves frequent interaction with senior management of State Street, thus exceptional verbal and written communication skills are critical.

This role will be performed in the Boston office, onsite working model.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Bank Policy & Advisory Compliance Officer, AVP you will:

• As the Policy Owner of a suite of global compliance policies, develop and review each policy to ensure they accurately reflect the driving regulatory obligations and outline the minimum requirements for the organization to comply. Additionally, support efficient implementation and dissemination of owned policies and ensure alignment with internal standards;
• Perform periodic reviews of global compliance policies in a timely, consistent and transparent fashion and present policies to the Compliance Policy Working Group. Liaise with a diverse set of members representing the views of the Compliance Leadership Team, management, impacted Business Lines/Risk Units, and Regulatory Legal;
• Enhance and facilitate the oversight of policy implementation through the design and execution of advisory reviews / continuous monitoring;
• Assist with the creation of training content aligned with global compliance policies;
• Provide independent oversight, review, and challenge to the organization's processes and controls that pertain to the policies and associated regulatory requirements;
• Contribute to the organization's Strategic Compliance Initiatives;
• Provide inputs to other compliance functions in support of the execution of the overall Compliance Oversight Program, e.g. Core Compliance Risk Assessment, Compliance Risk Testing.

What we value

These skills will help you succeed in this role

• Positive attitude; responsive to requests
• Takes a high level of initiative and ownership of responsibilities, has a sense of urgency, and proactively works to gain a thorough understanding of all relevant regulatory requirements and associated deliverables and deadlines
• Ability to effectively prioritize multiple tasks, with strong time management and organizational skills
• Exceptional attention to detail with strong interest and experience in banking regulatory analysis, policy review and policy writing
• Exceptional written and verbal communication skills; Able to interact with all levels of staff and management
• Works collaboratively across multiple locations with global stakeholders
• Able to work independently, with minimal need for supervision; understands entire process and proactively takes next steps without waiting for direction; asks questions to ensure a thorough understanding
• Flexible, open to change and willing to learn new processes and systems

Education & Preferred Qualifications

• 5 -7 years of relevant experience, Juris Doctor preferred
• Technical Skills: Microsoft Office (Outlook, Word, PowerPoint, Excel); Share Point (Collaborate)

What we offer

Wide range of benefits, including:

• Medical
• Prescription Drug
• Health Savings Account (HSA)
• Flexible Spending Accounts (FSAs)
• Dental
• Vision
• Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
• Employee-Paid Long-Term Disability
• Critical Illness Insurance
• Accident Insurance & Hospital Indemnity Insurance
• Business Travel Accident Insurance
• Short-Term Disability
• Identity Theft Protection
• Legal Benefits
• BeWell Program
• Paid Time Off
• Employee Assistance Program (EAP)
• Salary Savings Program (SSP)

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:
$90 000 - $142 500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

State Street's Speak Up Line Salary Minimum: 90000Salary Maximum: 142500