Global Head of Financial Crimes, SVP/SMD at State Street in Boston, Massachusetts

Job Description:

The Head of Financial Crimes is responsible for executing the enterprise-wide anti-money laundering, economic sanctions, anti-bribery and corruption, fraud, and market surveillance compliance risk management programs through a global team of approximately 150 professionals.

As the Global Head of Financial Crimes, you will...

• Continue to improve and build upon the global financial crimes compliance program to keep pace with applicable global regulations and the risk profile of the company

• As a member of the Corporate Compliance Senior Leadership Team, provide collaborative financial crimes technical subject matter expertise/advice to business leaders and corporate functions heads across the company

• Ensure the establishment and maintenance of sustainable and effective processes, internal controls, policies, and procedures


• Formulate the financial crimes global strategy and plan, including budget and resourcing needs of the global financial crimes team


• Develop Objectives and Key Results, Key Performance Indicators and Risk Appetite Metrics to measure and monitor risk management tolerances


• Manage teams of the Financial Intelligence Unit, Enhanced Due Diligence, Market Surveillance and Anti-Bribery & Corruption


• Analyze complex financial crime matters and provide advice and solutions to effectively mitigate and manage risk


• Serve as the senior level contact with other internal functional areas and external parties who engage with the company on financial crime matters such as regulators, law enforcement and the prosecutorial community


• Lead or represent Corporate Compliance on internal governance fora, as appropriate


• Serve as the BSA Officer for regulatory authorities in the United States


• Lead a global team of Money Laundering Reporting Officers across Europe and Asia


• Keep senior management apprised of issues globally and provide regular reporting to the Chief Compliance Officer, Chief Risk Officer, Management Committees and Board of Directors


• Develop and execute financial crimes communications and training strategies globally that are designed to maintain the competency of State Street stakeholders


• Identify and implement risk mitigation efforts that lead to a strong internal control environment and support business growth


• Communicate complex regulatory issues in a relatable manner to ensure operating practices achieve the desired outcomes to satisfy regulatory expectations


• Conduct an annual risk assessment ensuring that the methodology and the reporting of results are actionable, and the assessment is consistent with regulatory expectations


• Design and implement a technology strategy in support of the financial crimes program


• Provide meaningful feedback on proposed legislative and regulatory actions, balancing public policy issues, business needs and appropriate controls


• Develop and coordinate the strategies for responding to and supporting regulatory exams and inquiries, investigations, subpoenas, and other significant points of contact related to financial crimes matters


• Take leadership roles in industry forums and collaborate with risk management professionals externally to address common challenges and maintain an industry network

These skills will help you succeed in this role

• Ability to manage multiple simultaneous tasks in a high pressure, deadline-driven environment


• Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication


• Qualified to collaborate with individuals across business units/lines


• Ability to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution

• Undergraduate college degree required, JD or MBA degrees preferred


• Minimum 15 years of financial crimes experience designing and implementing compliance programs at financial institutions; preferably institutional banking related to custody and asset management


• Understanding of the Bank Secrecy Act, Patriot Act, Foreign Corrupt Practices Act, Economic Sanctions and related law and regulations across Europe and Asia


• Capable of leading global teams and producing high quality and/or final work product and solutions under strict regulatory or management deadlines

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:
$225,000 - $337,500 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.