State Street Compliance Manager, Vice President in London, United Kingdom
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Purpose of Role:
SSGA is seeking a dynamic and experienced individual to work in this compliance role. The successful candidate will be a key member of the Compliance organisation and will be located in London. There will be opportunities to take on key leadership roles within the EMEA Compliance structure either in specific subject matter areas or on projects. The successful candidate will represent the Compliance function at governance fora and in front of senior management
Core responsibilities include:
- Providing support and advice to the business to ensure compliance with regulatory requirements, including FCA rules, MiFID, UCITS and other applicable international regulation, including delivering the firm’s compliance programme. Providing support and guidance on UK and local jurisdiction regulatory issues to staff within each office, while conducting ongoing monitoring of their operations. There will be opportunities to collaborate with and support other office in the EMEA region.
- Responsible for compliance support, including requirements analysis and implementation of regulatory change, eg MiFID II.
- Undertaking one-off reviews, deep dives and assessments of business line compliance, recent examples include review of client distribution/rebate arrangements, assessment of cross-border call recording obligations and assessment of impact of on-boarding an entity subject to OFAC sanctions.
- Acting as the subject matter expert within the UK for specific areas of regulation, providing support and guidance on requirements and overseeing the firm’s control environment.
- Supporting the compliance team in other functions as needed, which has included reviewing financial promotions, preparation of client RFI/DDQs, preparing board and senior management reporting, conducting client contract reviews.
- Perform and oversee monitoring and surveillance reviews in line with the compliance monitoring plan;
- Validate control processes to ensure compliance with laws, rules, regulations and policy requirements;
- Support with delivery of key elements of the Compliance programme activities (including communication, training, discovery, corrective action), ensuring the respective deadlines are achieved and updating of tracking tool to record the progress of the COP over the calendar year for management to track progress;
- Identify, log and monitor Compliance Issues. Proactively partner with the business to complete remediation work through to completion within the required deadlines. Produce regular metrics and programme status updates as and when needed.
- Assist with ad hoc projects, monitoring tasks and regulatory change initiatives.
- Promoting a good Compliance culture and assisting the business in complying with relevant laws, regulations and SSGA’s policies and procedures
Specific Qualifications / Experience:
- The individual should be educated to degree level with a minimum of 5-8 years’ relevant experience within asset management compliance and possess an effective network of contacts within the industry
Level of Education:
- Regulatory Qualifications an advantage
Additional professional, academic or relevant industry qualifications are also desirable.
- A strong work ethic
- Excellent organisational and project management skills
- Detailed and deadline oriented
- Strong analytical, written/verbal communication and interpersonal and skills
- Ability to work as part of a team and independently with minimal supervision
- Ability to multitask in a fast-paced environment
- Good standard of IT skills
- Team player - development and maintenance of good working relationships within SSGA and Compliance in Boston, EMEA and the APAC region to develop and implement best practice
- We are looking for a proactive and dynamic individual who can present robust but constructive challenge to the business.
- A strong knowledge of the existing and forthcoming UK and EU regulatory frameworks is essential as is a comprehensive understanding of the investment management industry, services and products. The individual will be expected to have a good understanding of the FCA handbook. Detailed knowledge of capital resource, transaction reporting and/or financial promotion requirements would be beneficial.
- High levels of drive and focus together with enthusiasm for working in an international organisation and adapting to different cultures are each pre-requisites.
- The individual should have a pro-active attitude with a focus on providing solutions within an asset management environment, good understanding of European fund structures and ability to deal with and challenge PMs, client facing staff, traders and support functions.
The successful candidate should be able to demonstrate a track record of appearing before boards and senior governance fora as well as acting as a trusted advisor to senior management
State Street Job ID: 168699
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Job Title: Compliance Manager, Vice President
Job ID: 168699
Full/Part Time: Full FTE
Location: UK - London