Compliance Advisory Manager

Purpose of Role:

The Advisory Compliance team seeks a Compliance Manager – Vice President to support the oversight of and provide advice and guidance related to the transformation and the target operating model of the custody business of the Italian and other SSBI Branches. 

In addition, the position is part of the broader Advisory Compliance team.

Key Duties and Responsibilities:

• Responsible for delivering the advisory Compliance Program for the business unit in scope.
• Conducting regulatory requirements analysis applicable to the Target Operating Model (TOM) across relevant jurisdictions and supporting the successful and timely completion of oversight program, 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 conducting assigned responsibilities within their section of the overall Compliance function and execute a range of complex tasks and analyses to support the business unit and department goals.

• Providing regulatory advice for the product suite and the marketing thereof across the EU and into overseas jurisdictions.
• Reviewing and assessing the impact of new regulations and working collaboratively with the impacted business to implement necessary changes to comply with them. Engage in advocacy and industry discussions.
• Contributing to the analysis and interpretation of policies and regulations as it aligns with the corresponding business units.  This includes new regulations being implemented that affect the business units.
• Providing challenge to the business in regard to regulatory adherence; this includes communication of required corrective actions to senior management.
• Identifying and escalating any potential and/or actual breaches of firm or regulatory requirements, and, if so, assisting in the development and/or implementation of remedial actions required.
• Responsible for support in drafting and maintaining policies and procedures, as well as corresponding training.
• Cooperating with the broader Compliance team.
• Actively participating 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.
• Preparing business for and assist with regulatory and third-party examinations as well as leading supervisory dialogue and implementation engagement with relevant authorities.

• Aptitude to work both independently and collaboratively, manage multiple simultaneous tasks in a high-pressure, deadline-driven environment.
• Ability to make independent decisions, develop creative solutions to problems and manage implementation through acceptance.
• Assume ownership for the delivery of projects while also operating successfully in a cross-functional team environment.

Qualifications:

Bachelor’s degree, Masters, legal studies or experience with depository/custody businesses (preferred).

Minimum 10-15 years’ experience in financial services preferably within a compliance function.

Have a strong understanding of policies, procedures and controls.

Excellent interpersonal, organizational, communication and team-working skills.

Good regulatory understanding (especially custody, depository regulation and their EU implementation).

Strong analytical skills, excellent oral and written communication skills.

Minimum Salary:​

The minimum salary quoted above applies to the role in the primary location specified. If the successful candidate ultimately works outside of this primary location, the applicable minimum salary may differ.​

Salary will be determined based on factors such as the position, type of work performed, individual skills, job description, working hours, diligence, initiative, self-management, length of employment, availability, and the quantity and quality of work delivered, as well as other objective and non-discriminatory criteria relevant to State Street employees.​

In addition to base salary, employees may, subject to applicable local laws, company policies, and plan terms, be eligible for a country-aligned benefits package and may be considered, at the Company’s sole discretion, for discretionary annual performance-based awards.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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