Who we are looking for

Corporate Compliance is seeking a dedicated and knowledgeable Human Resource (HR) Compliance Officer to oversee and ensure firmwide compliance with wages and hours, workers’ compensation, employee benefits as well as other regulatory obligations related to employment discrimination, and anti-harassment regulatory obligations globally, including responsibility for testing and reporting of applicable law, rules, regulatory guidance, and internal policy requirements. As a leader within the second line of defense, the HR Compliance Officer will work with a global team, cross functionally, to monitor and keep pace with regulatory obligations, develop frameworks, policies, standards, and procedures in alignment with applicable regulatory obligations and the firm’s compliance strategy as well as provide oversight of the first line of defense HR related activities. The ideal candidate is a strategic thinker with expertise in global HR regulatory obligations, exceptional leadership, and collaboration skills, as well as the ability to navigate complex international regulatory landscapes while driving compliance excellence.

The role reports to Chief Compliance Officer, State Street.
 

This role can be performed in a hybrid model where you can balance work from home (1 day per week) and office (4 days per week) to match your needs and role requirements.

Available locations: Boston, MA; Princeton & Clifton, NJ; Stamford, CT; Berwyn, PA; Atlanta GA, Kansas City, MO.

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.

What you will be responsible for

As Global Head of Human Resource Compliance, Hybrid you will:

• Develop, implement, and maintain the firm’s HR compliance framework, ensuring its alignment with the interpretations of applicable law, regulations, regulatory guidance, and industry standards through creating traceability and mapping documents.

• Evaluate, enhance, and execute a firm wide HR compliance program as well as the execution and or oversight of monitoring and testing activities while providing insights on proportionate risk mitigation approaches in the implementation of HR requirements.

• Execute an effective global HR regulatory change management program that includes monitoring for new and amended regulations, standards, and guidance from primary regulatory authorities globally as well as working closely with our HR business partners to update relevant controls and drive regulatory readiness.

• Conduct compliance risk assessments and review and assess regulatory and compliance breaches and remediation.

• Ensure that all material residual HR regulatory risks and issues together with remedial/mitigation actions are documented and reported appropriately to senior management in a timely manner.

• As appropriate, ensure accurate and timely reporting of risks, metrics, objectives & key results (OKRs) and other compliance requirements to governance fora to demonstrate compliance with regulatory obligations and satisfy internal reporting requirements on the effectiveness of the HR compliance program.

• Assist in the management of HR specific regulatory examinations, inquiries and prepare business leaders for supervisory activities conducted by regulatory authorities.

• Educate compliance and business personnel on applicable HR related regulatory obligations and firm policies.

• Prepare and present annual and periodic HR Compliance program reports/reviews to satisfy client, regulator, and internal management requirements, including Compliance Program Evaluations to support the State of Compliance Report.

• Participate in activities to enable successful HR compliance risk framework implementation including identifying data requirements, key risk indicators, key performance indicators, OKRs, tools, and technology to support risk management and governance activities.

• Provide guidance to internal stakeholders on HR compliance business practices.

• Serve as a point of contact for internal and external stakeholders on HR compliance matters.

• Develop HR compliance risk related training curriculums for HR business partners and employees.

• Be a role model of risk management excellence

What we value

These skills will help you succeed in this role

• Ability to manage multiple simultaneous tasks in a high pressure, deadline-driven environment.

• Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication.

• Qualified to collaborate with individuals across business lines.

• Ability to take ownership, initiative to negotiate, influence, build consensus and successfully navigate within a demanding and international environment of a leading global financial institution.

Education & Preferred Qualifications

• Demonstrated global experience with compliance risk management skills in financial services related to HR and Corporate Citizenship.

• Ability to evaluate and interpret the law, regulations, and regulatory guidance.

• Experience in HR data analysis, relevant platforms and reporting software.

• Strong understanding of HR regulations and corporate governance standards.

• Strong written and verbal communication skills.

• Ability to work collaboratively globally with cross functional teams.

• Bachelor’s degree. A Master’s, Law, or Ph.D., degree is a plus.

• 8+ years of experience in HR compliance risk management.

What we offer

Wide range of benefits, including:

• Medical

• Prescription Drug

• Health Savings Account (HSA)

• Flexible Spending Accounts (FSAs)

• Dental

• Vision

• Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance

• Employee-Paid Long-Term Disability

• Critical Illness Insurance

• Accident Insurance & Hospital Indemnity Insurance

• Business Travel Accident Insurance

• Short-Term Disability

• Identity Theft Protection

• Legal Benefits

• BeWell Programme

• Paid Time Off

• Employee Assistance Program (EAP)

• Salary Savings Program (SSP)

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$170 000 - $267 500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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