Head of Financial Crimes Compliance Testing, Vice President, Hybrid

State Street-posted about 15 hours ago

$110,000 - $207,500/Yr

Full-time • Mid Level

Hybrid • Boston, MA

5,001-10,000 employees

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Who we are looking for We are seeking a dynamic leader to head our Financial Crimes Compliance Testing team. This role will oversee a group of professionals responsible for designing and executing regulatory and controls testing to assess State Street’s adherence to applicable laws, regulations, and internal policies. Financial Crimes risks include, but are not limited to, money laundering, terrorist financing, fraud, and sanctions evasion. As a key member of our global team, you will be accountable for: 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 This position is ideal for an individual with experience in risk assessment, internal controls, compliance testing or audit functions, particularly covering Financial Crimes. This role is based in Boston, Massachusetts. Working model is 4 days onsite, 1 day remotely. 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 teams like yours to help navigate employees 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.

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

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
Bachelor’s degree (or equivalent) required
Significant experience designing and executing AML and Sanctions compliance monitoring, surveillance, testing, audit or exams

Master’s Degree or J.D. preferred
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

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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