Compliance Risk Testing Analyst, Assistant Vice President

Who we are looking for

We are looking for a Compliance Risk Testing Analyst to work with a team of professionals to develop and execute regulatory testing and controls testing to provide reasonable assurance that State Street is complying with applicable laws, regulations, and internal policies. As part of a collaborative global team, you will contribute to Compliance Risk Testing plan development, and lead the execution of strategically important testing. This position is perfect for an individual who has experience with risk assessment, internal controls, compliance or audit functions.

The role can be performed in London or Edinburgh, (3 days on site, 2 days remote) or Boston, MA (4 days onsite, 1 day remote)

Why this role is important to us

• Lead process walkthroughs and design monitoring and testing activities for areas deemed to be of higher focus
• Perform an analysis of evidentiary data and draw conclusions as to the adequacy and effectiveness of business controls or whether a regulatory obligation has been breached
• Ensure that workpapers are thorough, well-organized, and support the work executed, including evidence of exceptions identified
• Draft reports that are appropriate for executive level consumption to clearly communicate results, risks, and key issues
• Maintain current knowledge of regulators' focus areas, recent enforcement actions, and industry practices generally

• Excellent written, verbal, and interpersonal skills
• Ability to effectively prioritize multiple tasks and work collaboratively as part of an international team across multiple locations with global stakeholders
• Ability to evaluate detailed business data and test results with healthy skepticism and an understanding of when and how to challenge
• Inclusive mindset that recognizes the value of building relationships across a diverse global team and demonstrate an ability to work across cultures with adaptability and flexibility
• Enthusiasm for learning and an aptitude to learn quickly, and the motivation to use thought leadership to continue to grow the Compliance Risk Testing Team

• Bachelor's degree (or equivalent)
• Relevant work experience in a corporate testing or audit function within the financial services sector and/or related experience managing complex audit or testing operations, or related projects
• Experience with Asset Management and/or U.S. Core Banking Regulations is a plus
• CPA, CIA, CISA or other applicable certification preferred

• Assist with the management of regulatory exams and deliverables
• Attend regulatory meetings to take minutes of key themes and actions
• Manage the regulatory deliverable tracker
• Upload information to the Regulatory Reporting System as per Compliance Regulatory Liaison procedures, where required
• Prepare regular reporting to forums such as the UK Conduct and Compliance Committee (UK CCC)
• Manage and execute the non-financial regulatory reporting for in scope UK entity reporting, via RegData/BEEDS, including responsibility for updating the associated desk procedures, as required
• Manage the Risk Mitigation Plan (RMP) process, to include, maintenance of the RMP Master Tracker, pursue monthly updates on RMP progress for reporting to the UK CCC

• Administration duties around the ongoing maintenance of Management Responsibilities Maps, and Individual Statements of Responsibility.
• Administration of the Certification Regime including the SMF & Certification register
• Monitoring and recording the branches' performance of their annual obligation under the Certification Regime and adherence to the regime (fit and proper assessment)
• Establish, coordinate and produce information and reporting via MI, dashboards, etc. highlighting areas of risk and non-compliance to evidence adherence to the SM&CR and associated conduct rules
• Manage and control the Training framework to achieve consistency in knowledge and application of SM&CR regulatory obligations; ensuring all SMFs and Certified staff are trained on the Conduct rules
• Administer the SMR Office tools / systems
• Work with other compliance teams and HR to ensure relevant controls are in place and being adhered to, so record keeping is accurate and key processes followed

• Support and encourage the culture of 'Risk Excellence' across the business and operate with a high moral code
• Provide appropriate management information as required to support decision making
• Ensure that the highest level of the Code of Conduct is displayed in your behaviour
• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

• These skills will help you succeed in this role
• Attention to detail / analytical skills
• Stakeholder management / effective influencing
• Good communication skills
• Teamwork
• Ability to work in a pressurized environment

• Degree qualified, or of graduate calibre, or hold relevant Compliance Qualifications, or have appropriate experience for the role.
• Experience in a Regulatory environment in financial services or experience gained in monitoring or advisory compliance is preferable.
• Knowledge of the FCA and PRA rulebooks and regulatory expectation in the UK and awareness of some other global regulatory expectations.
• Knowledge of UK financial services regulatory landscape - with ability to explain SM&CR requirements to others and understand its application to different business models
• Proven business analysis skills (data integration and manipulate) and experience of project management.
• Demonstrated strong ability to map process flows and determine effective controls to mitigate risks