Compliance Manager, Assistant Vice President

Who We Are Looking For

State Street is looking to hire a Compliance Manager Assistant Vice President, in Riyadh, Saudi Arabia, to assist in delivering all regular activities as part of the SSSAFS Compliance Advisory programme, to actively promote a culture of Compliance, to provide day to day support to the SSSAFS VP Compliance Officer/MLRO and business stakeholders, and to provide support to the Head of IS/GD UKMEA Compliance with responsibility for assigned project work, as required.

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 a Compliance Manager Business Unit, Assistant Vice President, you will:

• Assist in the assessment of Compliance and Financial crimes risks
• Contribute to the execution and delivery of the regulatory compliance oversight programme for SSSAFS, ensuring compliance with CMA rules
• Assist in the design and oversight of CRT activities to ensure a robust and comprehensive monitoring and testing plan for SSSAFS
• Develop and maintain good working relationships with the SSSAFS business where required, providing advisory support to assist with regulatory queries, and ensuring closure of any Compliance issues within a timely manner
• Act as Compliance representative in governance committees and forums and deputise for the VP Compliance Officer/MLRO where required
• Contribute to written reports for Senior Management on the Compliance risk opinion and delivery of the Compliance and financial crimes programme, indicating progress achieved and any significant matters requiring attention
• Identify training needs and facilitate successful implementation of Compliance and financial crimes training and education for all relevant staff within SSSAFS
• Ensure the effective management of the local Compliance policy framework including review and input to regional/global policies, communication of 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, analyse and interpret the regulation and legislation (new and current as required). Provide de-brief and feedback to peers and business stakeholders 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 are communicated to the relevant stakeholders (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. NBPRA. Proactively identify and escalate any issues and weaknesses in the governance structure and promote the governance requirements as identified within the State Street model
  
  
  

Required Competencies

• Competency in addressing issues at senior management levels
• Ability to see relationships between issues at various levels and set priorities
• Ability to develop business relationships within and outside of the organization
• Proven interpersonal, communication, project management and leadership skills
• Demonstrated problem solving and decision-making skills
• Ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines
• Ability to influence and build consensus
• Excellent oral and written capabilities with desire to actively participate in industry events and assist with the development of policies
• Ability to produce high quality and/or final work product and solutions under strict regulatory or management deadlines
  
  
  

Education & Preferred Qualifications

• Educated to degree level
• CMA certificates: CME 1 and 2
• Working knowledge of SSSAFS business products, financial crimes frameworks and CMA regulatory requirements
• 5+ years of related experience in executing compliance and financial crimes programmes
  
  
  

This role is being recruited in accordance with the Saudi Nationalization Scheme and as such we require a Saudi National for this opportunity

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.

Job ID: R-774261