Head of Financial Crimes Compliance Programs, Managing Director at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

The Head of Financial Crimes Compliance Programs reports to the Global Head of Financial Crimes Compliance and is responsible for directing and enhancing the design and execution of key portfolios that support AML, Sanctions, Anti Bribery and Corruption and Fraud risk management across the enterprise. The role leads global teams in conducting an enterprise-wide financial crimes compliance program that produces high quality results, minimizes regulatory risk, and aligns with the firm’s business strategy. The team size is approximately 20 direct and indirect reports but the role manages a large second line team and overseas a first line function of approx. 400 people. This role is location agnostic but regular travel or potential relocation to Boston is desired.

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 Head of Financial Crimes Compliance Programs you will

• Lead AML policy and advisory functions while establishing and overseeing KYC standards across first- and second-line units




• Analyze complex global AML matters and provide expertise advice to first line, risk management and other cross functional groups




• Support the development and execution of a financial crimes compliance target operating model by enabling multiple programs including AML, Sanctions, Anti-Bribery and Corruption and Fraud, through functional capabilities reporting to this role: policy, program, risk assessment and enhanced due diligence processes




• Ensure State Street’s financial crimes compliance program is reactive to changes in regulation and business strategy




• Identify key issues in relation to anti-money laundering, terrorist financing, and economic sanctions and provide alternatives and compliance solutions that result in strong compliance controls and support continued long-term business growth




• Collaborate with a leadership team in the development and execution of multi-year strategic plans across AML, Sanctions, Anti-Bribery and Corruption, Fraud Risk Management that aligns with business objectives and current and anticipated regulatory expectations




• Lead enterprise-wide financial crimes compliance risk assessment ensuring that the methodology and the reporting of results are relevant and in line with regulatory expectations

What we value

These skills will help you succeed in this role

• Ability to see relationships between issues at various levels and set priorities




• Proven interpersonal, communication, project management and leadership skills




• Demonstrated problem solving, managerial and decision-making skills




• Ability to influence and build consensus




• Desire to actively participate in industry events and assist with the development of articles and white papers

Education & Preferred Qualifications

• 15+ years of leadership experience in domain areas that support anti-money laundering, sanctions, anti-bribery and corruption and fraud risk management. These domain areas include policy and program, know your customer, enhanced due diligence, advisory, and risk assessment




• Extensive background in financial crimes compliance across a broad spectrum of financial services including asset management, banking and securities trading




• Knowledge of laws, regulations, legislative and regulatory processes




• Experience with large and complex global financial institution




• Advanced degree is preferred




• Experience managing large virtual teams with capability of leading teams and producing high quality and/or final work product and solutions under strict regulatory or management deadlines while maximizing productivity




• Expertise within the mutual funds, private and alternative investment funds, registered investment advisory arena preferred but not required




• Experience working with or for the Securities and Exchange Commission is a plus

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