FLOD VP For AML, Deal Team, FLOD Programs

State Street
Kilkenny, Ireland
Not disclosed
28 Sep 2022
12 Oct 2022
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

Reporting to the Managing Director within the Organisation and Governance Management, the VP has responsibilities for overseeing the FLOD Anti-Money Laundering and Sanctions (”AML”) activities within State Street Fund Services (Ireland) Limited and State Street Custodial Services (Ireland) Limited in State Street Ireland.

Why this role is important to us

Having a strategic vision, the VP will continue to drive and execute the FLOD AML program across the business in Ireland. The VP will be responsible for the FLOD AML governance model for monitoring purposes and for reporting to the MLRO, senior management, compliance and risk committees and the board of directors of the legal entities where relevant from FLOD perspective. The VP will influence all stake-holders, both in Ireland and across the State Street Group globally to build positive relationships, drive best practice and evidence proper control over the local and outsourced AML activities. With responsibility for a small team the VP will ensure tasks are executed in a timely and efficient manner to meet all Policy and Regulatory requirements. The VP will champion and demonstrate a strong risk and compliance mindset and act in accordance with Risk Excellence and role model ethical behavior and decision making.

What you will be responsible for

As Head of First Line of Defence AML Team you will be responsible for

  • Head of the FLOD AML & Sanctions team for the Irish Legal entities and responsible for oversight of the outsourced activities of the FLOD AML operations including periodic reviews of customers and screening and monitoring activities.
  • Manage and monitor the team tasks and ensure all team tasks and key reporting are completed accurately in a timely manner in line with the policy and related procedures and controls.
  • Contribute, present and communicate clearly on FLOD AML and Sanctions matters to all stakeholders locally and globally.
  • Represent SSFSIL and SSCSIL FLOD AML at various global and local relevant committees/working groups/forums across Ireland, EMEA and globally.
  • Collaborate and communicate with colleagues internally across departments and jurisdictions on various matters, fitting global program and applying group level strategy in local environment.
  • Act as an escalation point for the business on FLOD AML matters.
  • Manage, monitor and drive the AML FLOD program to ensure ongoing compliance with Regulatory and Policy requirements, recommend and implement enhancements as required.
  • As Outsourcing Engagement Manager (“OEM”) report and monitor the performance of the oversight of outsourced activities.
  • With a strategic vision look to implement improved oversight structures, create and implement tools for effective monitoring and reporting of activities, reported within the monthly FLOD AML report.
  • Ensure controls and procedures correctly reflect the requirements of the Central Bank of Ireland requirements and the State Street AML Framework and manage the preparation and updating of procedures and controls.
  • Identify and manage change or projects as the team requires it.
  • Manage and respond to the Central Bank of Ireland queries, on-site visit preparation and follow-on requests for information from a FLOD perspective.
  • Manage and respond to internal audit and compliance reviews, provide professional challenge and implement agreed recommendations.
  • Establish good working relationships with key functional teams across the business and with outsourced service providers.
  • Maintain the highest level of personal integrity in all dealings thereby mitigating reputational risk to State Street and its customers.
  • Provide regular feedback and dialogue to ensure optimal employee engagement.
  • Lead and support employee engagement initiatives; embed inclusion and diversity culture into the FLOD AML team and the broader organisation.

What we value

These skills will help you succeed in this role

  • Ability to manage under pressure
  • Ability to provide respectful challenge
  • Ability to influence large teams not in direct line responsibility
  • Ability to influence organisational change

Education & Preferred Qualifications

  • University Degree in Law or Banking, Finance, Economics,
  • Minimum 10 years of experience in the Banking and Investment Fund business
  • Proficient knowledge of the Central Bank of Ireland requirements, specifically AML and Outsourcing.
  • Track record in implementing change across functions.
  • Excellent leadership skills.
  • Excellent communication skills, both verbal and written, to various situations and audiences.
  • Excellent organisation skills.
  • Financial Services background would be preferred.
  • Ability to analyse relevant reporting and business data and assess the adequacy of status updates is essential.
  • Advanced computer skills (MS Office: Excel, Word, PowerPoint, and Outlook)

Additional requirements

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.

For further information, and to apply, please visit our website via the “Apply” button below.

Similar jobs

More searches like this

Similar jobs