Compliance Analyst

Who we are looking for

With immediate effect we are looking for Compliance Analyst, Officer to assist the IS/GD UK Compliance Team in delivering all regular activities as part of the Compliance Advisory programme. Roles will also focus on actively promoting a culture of Compliance, providing day to day support to IS/GD UK business as well as supporting to the Head of IS/GD UKMEA Compliance with responsibility for assigned project work, as required.

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 in Edinburgh.

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 Compliance Analyst, Officer you will

• Assist and support the IS/GD UK Compliance team in the assessment of Compliance risks and execution of the regulatory compliance oversight programme for IS/GD UK and associated legal entities, ensuring compliance with the UK Financial Conduct Authority and Prudential Regulations Authority rules

• Assist in the design and oversight of CRT activities to ensure a robust and comprehensive monitoring and testing plan for IS/GD UK

• Lead the administrative integrity of the IS/GD UK Compliance Oversight Programme tools, including Advisory Tracker, change control and Archer

• Develop and maintain good working relationships with the IS/GD UK business where required, providing advisory support to assist with regulatory queries, and ensuring closure of any Compliance issues within a timely manner

• Assist with the preparation of written reports for Senior Management on the Compliance risk opinion and delivery of the Compliance programme, indicating progress achieved and any significant matters requiring attention

• Identify training needs and facilitate successful implementation of Compliance training and education for all relevant staff within the IS/GD business lines. Coordinate with the other locations to ensure consistency where appropriate

• Ensure the effective communication of Compliance policies and their key requirements to staff as required. This may include developing, implementing, promoting and maintaining compliance standards and procedures that require employees to act in a compliant manner

• Keep abreast of regulatory and legislative updates or changes. Contribute to analysis and interpretation of the regulation and legislation (new and current as required). Provide feedback to peers and business stakeholders, as required. Participate in the SSTL Regulatory Change Forum, as required

• Participate in and attend external regulatory forums and groups to engage with peers and industry bodies and the regulatory authorities on forthcoming regulatory change. Ensure that the outcome of such meetings is communicated to the relevant stakeholders (IS/GD UK Compliance and Senior Management)

• Participate in client due diligence responses including Request for Proposals/Information, due diligence questionnaires, as well as presenting on the Compliance oversight programme in client due diligence meetings

• Assist in governance activities and contribute in the review of relevant materials e.g. NCAM, ORAD. Proactively identify and escalate any issues and weaknesses in the governance structure and promote the governance requirements as identified within the State Street model

• Review and approval of material covered by the Marketing Materials, Collateral Materials and Communications Policy via Adtrax

What we value

These skills will help you succeed in this role

• Strong planning and organizational skills

• Excellent stakeholder management

• Adaptable to change and shifting priorities

• Proficient in learning new information and using this to support decision making

Education & Preferred Qualifications

• Prior and proven Compliance, Risk Management or Audit experience

• Proficient in compliance risk assessment with ability to identify compliance risk

• Familiar with the regulatory environment applicable to our UK business

• Degree educated (preferred)

We offer:

Core Benefits:

• Pension: Employer Contribution = 9% of Reference Base Salary. Employees can contribute up to 70% of salary into pension, and up to 100% of bonus. Any voluntary contributions will be topped up with an additional 5% by State Street. Employees impacted by the lifetime allowance or annual allowance rules, can receive their pension value via salary instead (less employer NI costs)

• Private Medical Insurance

• Long Term Disability Cover

• 26 days holidays at Officer level

• Annual season ticket loan

• Long Term disability

• Life Assurance

• Menopause Support

• Emergency Back-Up Care

• Participation in the State Street bonus scheme
   

 Non-Core Benefits:

A large number of benefits are available to be selected during annual enrolment (each April), or as a new joiner via the My Benefits portal. These benefits include:

• Critical Illness insurance (self/ partner)

• Personal Accident insurance (self/ partner)

• Partner life assurance

• Gym membership (anytime benefit)

• Holiday trading

• Dental insurance

• Cycle to work scheme (anytime benefit)

• Travel insurance

• Discounts & cashback portal (anytime benefit)

• Car Salary Sacrifice Scheme (anytime benefit)

• Most benefits are restricted to new joiner and annual enrolment windows, however there are a number of anytime benefits which employees can avail of which are mention above

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

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