Who we are looking for
We are looking for a Global Markets Compliance Officer who will primarily focus to support the oversight of and provide advice and guidance related to the suite of products & services provided by the FX Sales, Trading and Research (FX STR) function of State Street Global Markets (SSGM) Division.
The main responsibility is to provide the FX sales, trading, research, eFX activities and associated operations and middle office functions which support these activities, with on-going independent and critical assessment of the First Line of Defence's (FLOD) efforts to manage Compliance risks. The successful candidate will also be involved in advisory activity across a variety of business units within the Global Markets division across EMEA.
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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 reliable and proactive individuals to help navigate products 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 an Assistant Vice President you will:
- Be a primary provider of compliance advisory to all Global Markets businesses with a focus on FX Sales, Trading and Research
- Support the successful and timely completion of oversight programs, including the identification and resolution of risks and issues which impact the compliance program delivery, while building strong relationships with compliance and business colleagues
- Independently conduct assigned responsibilities with their section of the overall Compliance function and execute a range of complex tasks and analyses to support the business unit and department goals.
- Lead the discussion regarding on-going adjustments to scores of inherent and control risk factors based on micro and macro changes to the business and regulatory environment, including but not limited to regulatory changes, strategic business initiatives and the output of risk mitigation activities.
- Participate in the development, implementation, review and revisions of policies and procedures.
- Actively participate in the review of new business initiatives, products and services, including Requests for Proposal and marketing materials to ensure regulatory compliance requirements are addressed, as applicable.
- Prepare business for and assist with regulatory and third party examinations as well as lead direct interactions with regulators.
- Act as SME for the provision of regulatory advice for the product suite of Global Markets and the marketing thereof across the UK, EU and into overseas jurisdictions.
- Provide regulatory support to Compliance network overseas with regard to the impact of EU/UK legislation, in particular act as primary liaison for the Swap Dealer and ensuring US regulations is enabled in the relevant branch.
- Review and assess the impact of new regulations and work collaboratively with the impacted business to implement necessary changes to comply with them.
- Design and deliver compliance training when required.
- Design and execute compliance testing reviews to ensure compliance with internal policies and external applicable regulations
What we value
These skills will help you succeed in this role
- Ability to make independent decisions, develop creative solutions to problems and manage implementation through to acceptance
- Have a strong understanding of policies, procedures and controls
- Excellent interpersonal, organizational, communication and team-working skills
- Demonstrated ability to work effectively with outside parties at all organizational levels
- Strong analytical skills, excellent oral and written communication skills
- Attention to detail, project management and organizational skills
- Aptitude to work both independently and collaboratively, manage multiple simultaneous tasks in a high-pressure, deadline-driven environment
- Assume ownership for the delivery of projects while also operating successfully in a cross-functional team environment
- Previous experience in a compliance advisory function covering the FX business is considered plus
Education & Preferred Qualifications
- Bachelor's degree, Masters or other advanced degree preferred
- 5-10 years' experience in compliance, legal or internal audit within an international bank
- Compliance qualifications is considered a plus
- Knowledge and experience with algorithmic trading and/or related regulatory requirements is considered a plus
We offer:
Core Benefits:
- Non-contributory pension scheme (we will pay 6% into your pension if you are 30 and 9% if you are 30+. The pension does not require a contribution from you).
- Private Medical Insurance - Single person Private Medical Insurance with AXA paid for by State Street.
- Long Term Disability Cover
- 26 days holidays at Officer level or after 3, 4, 5 years' service increasing a day a year
- One additional day in lieu for birthdays
- Annual season ticket loan
- Long Term disability and Life Assurance.
- Employee Assistance Program
- Participation in the State Street bonus scheme
Non-Core Benefits:
- Travel Insurance
- Critical Illness cover
- Dental Insurance
- Personal Accident Cover
- Childcare Vouchers
- Holiday Buy/Sell scheme
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