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State Street · 1 day ago

Head of Financial Crimes Compliance Testing, Vice President, Hybrid

Boston, MA

Full-time

Hybrid

Senior Level

$110K/yr - $208K/yr

State Street is a global leader in financial services, helping institutional investors manage risk and drive performance. The Head of Financial Crimes Compliance Testing will lead a team responsible for designing and executing compliance testing to ensure adherence to regulations and internal policies.

BankingFinanceFinancial Services

Responsibilities

Developing and managing a comprehensive, risk-based testing plan

Leading the execution of strategically significant testing initiatives

Driving collaboration across business units to strengthen compliance frameworks

Lead a global, diverse testing team effectively managing resources across multiple geographies to deliver on critical testing commitments

Oversee the development of the annual testing plan in partnership with subject matter experts, ensuring comprehensive coverage of high-risk areas and coordination with the first and third lines of defense to avoid redundancies

Apply the department’s established methodology to independently design approaches for assessing the risk of non-compliance with regulatory obligations and policy requirements, and validate State Street’s adherence to applicable regulations

Direct the performance of process walkthroughs and design of testing activities for compliance areas deemed as high priority

Serve as the primary representative of the testing team as it pertains to Financial Crimes, engaging with global stakeholders at all organizational levels to foster collaboration and alignment

Write well-reasoned and technically sound reports for executive consumption in accordance with internal standards to clearly communicate testing objective, scope, regulatory requirements, results, and key issues

Manage relationships with corporate audit and quality assurance teams, responding to inquiries and providing documentation as necessary to demonstrate compliance with internal standards

Building strong relationships with other lines of defense and testing functions across various jurisdictions to harmonize on scope and testing approaches

Provide a level of mentorship and professional development while driving quality deliverables and attention to detail of the team’s work products

Keep abreast of regulators’ focus areas, recent enforcement actions, and industry practices generally, serving as the subject matter expert for Financial Crimes risk exposures and regulatory requirements

Qualification

AML compliance monitoringSanctions compliance testingRisk assessmentAnalytical skillsProfessional certificationsTechnical writingCommunication skillsRelationship buildingMentorshipAttention to detailContinuous learning

Required

Bachelor's degree (or equivalent) required

Significant experience designing and executing AML and Sanctions compliance monitoring, surveillance, testing, audit or exams

Excellent technical writing skills

Exemplary communication and relationship building skills at all levels, from senior executives to individual contributors

Inclusive mindset that recognizes the value of a diverse global team and an ability to work across cultures with adaptability and flexibility

Deep understanding on the importance of effectiveness and efficiency

Analytical skills to evaluate business data and testing results with healthy skepticism and an ability to work in ambiguity

Enthusiasm for learning and an aptitude to learn quickly, as well as the motivation to use thought leadership to continue to grow the team

Strong personal drive, attention to detail and proactive initiative, coupled with urgency, responsiveness, and a commitment to continuous learning and growth

Preferred

Master's Degree or J.D

Professional certification(s) such as Certified Anti Money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE) preferred

Other professional certification(s) such as, Certified Regulatory Compliance Manager (CRCM), Certified Risk Professional (CRP), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or Chartered Financial Analyst (CFA) are favorable