Money Laundering Reporting Officer France, Assistant Vice President

Who we are looking for

Becoming part of the Compliance/Financial Crimes Compliance team of State Street Bank International GmbH (SSBI) you will drive and shape the future of the firm’s policies, procedures, systems and controls. The role sits within SSBI’s Compliance & Financial Crimes Compliance (FCC) function and the role holder will have the regulatory responsibility in France as the local Compliance and Money Laundering Reporting Officer (“MLRO”).  

This role can be performed in a hybrid model from Paris branch.

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 & Money Laundering Reporting Officer (MLRO) for State Street Bank International GmbH, Paris Branch (“SSBI France”), you will be accountable for overseeing the implementation and maintenance of effective global and local policies, procedures, systems and controls in accordance with the global and local laws, regulations and guidance to enable SSBI to identify, assess, monitor and manage Compliance and financial crimes risks. The MLRO acts as the primary point of contact with the Financial Intelligence Unit (FIU) and other competent authorities, and is responsible for reporting suspicious transactions, maintaining internal controls, and advising senior management on Compliance and AML/CTF risks and obligations.

Specifically, you will:

• Develop, implement and maintain the Compliance & Financial Crimes Compliance program in accordance with French and EU regulations, EBA guidelines as well as group policies, ensuring that new, or amended regulatory obligations, industry guidance and best practice applicable to SSBI France are appropriately assessed and reflected in its operating procedures and controls   

• Ensure adequate oversight of the Compliance Oversight Program including active participation to the Compliance Risk Assessment, testing design and execution

• Provide advice and challenge to first line of defense in their creation, maintenance and development of effective systems, controls, policies, procedures and training in order that SSBI France complies with Compliance & Financial Crimes related regulatory and legal requirements

• Work with the business to ensure that all identified remedial action items are closed within a timely manner

• Be the accountable person for the receipt and evaluation of internal unusual activity referrals that might indicate financial crimes, and report suspicious transactions to the local competent authority in a timely and accurate manner

• Advise on customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring procedures, as well as new products/services

• Ensure that the training and awareness programs are provided to staff across SSBI France

• Keep up to date with latest developments in regards to Regulatory rules and regulations and Corporate policies and procedures to update policies and procedures if required

• Perform annual Compliance and Financial Crimes Compliance risk assessments for SSBI France, implement appropriate mitigation strategies, incorporate the results into the annual or regular reports to internal and external stakeholders

• Provide periodic updates to senior management/Branch Head

• Coordinate internal and external audits and regulatory inspections related to Compliance & FCC

• Take a leadership role in industry forums and collaborate with professionals outside of State Street to address common challenges or changes in regulation

• Actively participate in projects and ad-hoc assignments across SSBI Compliance and FCC teams as required

What we value

These skills will help you succeed in this role

• Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines

• Demonstrable problem solving and decision-making skills in particular when advising SSBI France’s senior management on the Compliance & financial crime risk and issues impacting SSBI’s business operations  

• Deep understanding of banking regulation impacting EU banks established in France as well as core financial crime risks, in particular money laundering, KYC and economic sanctions as well as fraud and ABC

• Recent experience providing advice or guidance on the application of Compliance and FCC related laws and according controls

• Self-motivation and the ability to work independently together with different internal and external stakeholders

• High ethical standards and integrity.

Education & Preferred Qualifications

• 10+ years of relevant industry experience in banking or financial services

• University degree or equivalent, preferably with a legal or accountancy background, or significant prior experience as an MLRO or Compliance leader

• Expertise in core Compliance and financial crime compliance risks (AML, KYC, Sanctions)

• In-depth knowledge of European and French regulations and best practices

• Excellent communication skills in French and English, both written and verbal

• Strong analytical, investigative, and decision-making skills

We offer

• Flexible working time

• Work from home days might be possible depending on the role

• Depending on legal entity 37,5 or 40 working hours per week

• Pension plan offering

• Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)

• Group accident insurance

• Mentoring program

• Regular performance reviews and structured performance management

• Personal development possibilities and extensive web based training catalogue

• Free German and English language classes

• Global Inclusion, Global Outreach and Corporate Citizenship programs

• Dynamic, diverse, international, and multicultural working environment with English company language

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

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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