What are the responsibilities and job description for the Compliance Officer, Assistant Vice President position at State Street in?
Compliance Officer, Assistant Vice President (Finance)
Who we are looking for
We are seeking to recruit an enthusiastic Compliance professional to join our Corporate Compliance team. The position is for a self-motivated Compliance Officer with technical aptitude providing regulatory compliance support within the asset services business line. The candidate will play a fundamental role in handling a wide variety of compliance-related matters. Responsibilities will include working closely with colleagues to assist in designing and implementing compliance control processes and procedures, executing compliance risk assessments, and reporting compliance health to the appropriate business unit and / or legal entity governing bodies.
This role can be performed in a hybrid model 4 days onsite Boston / Quincy and 1 day remote to balance your needs and the role requirements.
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. In your role, you will strive for cutting-edge solutions that are straightforward and scalable. You will help us support a compliance model that mitigates risk and execute day-to-day deliverables.
What you will be responsible for
As a Compliance Officer, Assistant Vice President you will :
- Assist with or lead end-to-end analysis, planning, coordination, and management of a small to medium project or a component of a large project.
- Assist with the execution of the compliance framework to ensure State Street meets its legal and regulatory obligations including program health assessments, internal controls testing, and governance reporting.
- Escalate regulatory issues and monitor for product launches and / or changes in business models for assigned areas to ensure that compliance programs reflect such developments and the accompanying legal requirements.
- Work with Compliance colleagues to provide guidance to risk owners on the substance of regulatory obligations in order for them to understand the obligations and standards expected by regulators to build scalable controls to mitigate and monitor risk.
- Participate in the development of corrective action plans to effectively manage change and improve processes and procedures, as necessary, to mitigate risk exposure.
- Foster a positive culture of compliance by working proactively with the Business, Operations, Risk and Controls functions, and other Compliance professionals to ensure that best practices and systems are in place to facilitate State Street business growth and the overall success in accordance with applicable laws, rules, regulations, and internal policy.
- Provide project management support on compliance-related projects and initiatives, as requested, to ensure success in alignment with agreed timelines and goals.
What we value
These skills will help you succeed in this role :
Education & Preferred Qualifications
What we offer
Wide range of benefits, including :
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 fulfill 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.
Salary Range :
80,000 - $132,500 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 : 80000 Salary Maximum : 132500
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Salary : $80,000 - $132,500
