Head of Digital Financial Crimes Compliance, Managing Director

State Street•Boston, MA

17d•Hybrid

About The Position

This role is responsible for the oversight, design and delivery of integrated systems and controls relating to digital assets for our firm. The Head of Digital Financial Crimes Compliance within State Street’s Financial Crimes Compliance function will identify and explore opportunities for transformation and capacity creation that drive productivity and operational effectiveness while remaining compliant with Know Your Customer, sanctions screening, transaction monitoring, and Travel Rule compliance solutions as they relate to public/non-public blockchains and digital assets. The Managing Director is responsible for leading the Digital Assets AML strategy and presenting it in regulatory and audit contexts. This position involves coordinating the firm’s overall strategy into the financial crimes compliance function and various systems through data management and solution design to enhance Compliance operations and analytics. Responsibilities include developing strategies that support AML Compliance using AI, automation, and analytics. You will act as the product owner and subject matter expert to ensure state-of-the-art transaction monitoring and sanctions models, methods, and features required to support digital asset products and seamlessly integrate among other AML functions. You will analyze risks, oversee the documentation, monitoring, and performance reporting on Digital Asset controls and models to key stakeholders. While acting as leader, you will also evaluate and leverage leading and cutting-edge technology tools, including POCs and lead the testing of software efficacy by applying your AML experience with digital assets and risk technology areas to State Street’s Digital Asset products and services. We ask that you collaborate with other State Street stakeholders regarding the AML and sanctions program as required, including policy, risk assessment, digital asset management, and global delivery teams. Ensuring and leading robust interaction with industry, law enforcement and regulatory entities on behalf of the company. You will be responsible to ensure Financial Crimes Compliance partners with business units, data stewards, and IT teams for a better understanding of the customer journey across multiple lines of business. You will support the ongoing operational success of the bank while meeting Financial Crimes Compliance requirements. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Our standard hybrid model is 4 days on site and 1 day remote. Preferred location is Boston or Quincy, MA. We will consider applicants from: Stamford, CT; Princeton and Clifton, NJ; and Berwyn, PA;

Requirements

Direct experience working with blockchain analytics vendors and tools
Ability to lead by example and set a tone to consider the broad and long-term impacts of your strategic decisions
Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication
Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines
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
15+ years of compliance experience with responsibilities including sanctions screening, suspicious activity monitoring, data management, data forensics, data governance, data modeling or data analysis
10+ years of financial crimes compliance experience at a large bank or a Virtual Asset Service Provider with responsibilities including sanctions screening, suspicious activity monitoring, KYC, and/or Travel Rule compliance
Proven leader of financial crime teams operating globally, inclusive of talent identification, development and retention in an environment of strong collaboration across multiple jurisdictions.
Sector knowledge and experience of global BSA/AML regulations, related compliance requirements and regulatory expectations including suspicious activity report requirements or equivalent around the world especially as they relate to Digital and Virtual assets.
Global regulatory and sector knowledge involving private and alternative investments, mutual funds, registered investment funds and other securities related industries, including associated regulators and self-regulated agencies such as the Securities and Exchange Commission and Financial Industry Regulatory Authority.

Nice To Haves

Bachelor’s degree, Masters Degree or Juris Doctorate degrees with in a quantitative discipline, such as Mathematics, Physics, Statistics, Finance or related field, advanced law degree preferred
Experience utilizing and deploying blockchain analytics solutions

Responsibilities

Oversight, design and delivery of integrated systems and controls relating to digital assets
Identify and explore opportunities for transformation and capacity creation that drive productivity and operational effectiveness while remaining compliant with Know Your Customer, sanctions screening, transaction monitoring, and Travel Rule compliance solutions as they relate to public/non-public blockchains and digital assets.
Lead the Digital Assets AML strategy and presenting it in regulatory and audit contexts.
Coordinating the firm’s overall strategy into the financial crimes compliance function and various systems through data management and solution design to enhance Compliance operations and analytics.
Developing strategies that support AML Compliance using AI, automation, and analytics.
Act as the product owner and subject matter expert to ensure state-of-the-art transaction monitoring and sanctions models, methods, and features required to support digital asset products and seamlessly integrate among other AML functions.
Analyze risks, oversee the documentation, monitoring, and performance reporting on Digital Asset controls and models to key stakeholders.
Evaluate and leverage leading and cutting-edge technology tools, including POCs and lead the testing of software efficacy by applying your AML experience with digital assets and risk technology areas to State Street’s Digital Asset products and services.
Collaborate with other State Street stakeholders regarding the AML and sanctions program as required, including policy, risk assessment, digital asset management, and global delivery teams.
Ensuring and leading robust interaction with industry, law enforcement and regulatory entities on behalf of the company.
Ensure Financial Crimes Compliance partners with business units, data stewards, and IT teams for a better understanding of the customer journey across multiple lines of business.
Support the ongoing operational success of the bank while meeting Financial Crimes Compliance requirements.

Benefits

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

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