Regulatory Compliance Advisory, AVP

About the company:

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

State Street Corporate Services Mumbai Private Limited (SS Mumbai), a subsidiary of State Street Corporation (STT) in India and operate as a captive (GICs) in India. It has offices in 6 different cities in India namely: Bangalore, Hyderabad and Mumbai, Pune, Chennai, Coimbatore

Bank Level- Assistant Vice President

Business Line- Corp. Compliance

Location: Mumbai

This position reports to Principal Compliance representative for Stat Street India

Your responsibilities:

• This position is to oversee and manage the Compliance Risk Management Program as it applies to the Entity and its India branches.
• In particular he or she will work on general assignments within scope of established guidelines and practice, collaborate with Country Compliance lead and Country Senior Compliance Officers and consult with APAC Head of Non-Financial Risk where clarification or exception to policy may be required. 
• Moreover, the incumbent will participate in compliance risk management projects and activities and may have direct contact with regulatory agencies, internal and external auditors, and other internal control groups on compliance and governance related issues
• The candidate will interact and engage with regional and global Compliance stakeholders AND Legal Entity leadership team (so strong subject knowledge, communication skills and stakeholder management are implicit attributes of the role)
• Monitor for changes in the external environment that could impact how Compliance Risk is assessed and managed; Stay current on events that may shift behaviors or operations internally.
• The candidate will perform the risk assessments, testing and monitoring exercises as required by Compliance Risk Management Program.
• Actively inform and challenge the FLOD about relevant Compliance Risks to guide the prioritization of FLOD efforts to manage Compliance Risk; influence FLOD decision making on activities that create Compliance Risk.

Additionally, the role includes but is not limited:

• Conduct assigned responsibilities within their section of the overall Compliance function and execute a range of complex tasks and analysis to support the business unit and department goals
• Fair Understanding on financial markets and technology and ability to develop further knowledge as necessary.
• Participate in committees as needed
• Complete assigned periodic training as required by corporate methodology (annually, quarterly, etc.)
• Ensure proper delivery of all relevant training to new hires and staff across the locations
• Oversee and maintain a healthy compliance culture throughout the organization.
• Act in accordance with Risk Excellence and role model Ethical behavior and decision making as part of the State Street Way Ahead foundation
• Adapt focus on different compliance issues depending on growth plans and compliance needs.

The ideal candidate will have most or all of the following attributes:

• 12-15 years’ overall experience with proven experience in managing senior global and local stakeholders across levels
• Professional qualification (CA/CFA) or Law degree or Degree in Management or equivalent from reputed school is a preferred.
• Prior experience in managing a Compliance Oversight program or its equivalent in a large complex organization in the financial services sector is preferred
• Prior experience in identifying regulatory risks, evaluate the design and test the operating effectiveness of those controls which address regulatory risks is a must.
• Knowledge of global AML Compliance requirements, Privacy regulations (GDPR), DPDPA and FCPA/UK Bribery Act is preferred
• Strong communications, project management, and organizational skills.
• Strong analytical and problem-solving skills. Have a sense of urgency and an ability to work under pressure while maintaining attention to detail, prioritizing, taking responsibility and working to tight deadlines
• Strong computer skills including knowledge of word processing, Share Point and Excel
• Be a team player, and have a desire to learn or learn more about Compliance matters as they impact the Financial Services

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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