State Street

Compliance Deputy Lead for Sanctions Research, Screening Escalations & Oversight, AVP, Hybrid

State Street
Quincy, Massachusetts/Hybrid
Not disclosed
19 Feb 2024
18 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

State Street operates a global Financial Crime Compliance program that is designed to meet its legal and regulatory requirements. The Sanctions Compliance team, which is led by the Global Head of Sanctions Compliance, is a key part of the Financial Crime Compliance program. The Deputy Lead for Sanctions Research, Screening Escalations & Screening Oversight will be a member of the Sanctions Research team and report into the Head of Sanctions Research, who reports into the Global Head of Sanctions Compliance.

This role can be performed in a hybrid model in Boston, MA, where you can balance work from home (1 day per week) and office (4 days per week) to match your needs and role requirements.

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 Deputy Lead you will:

  • oversee research and provision of real-time sanctions guidance on escalated transaction screening alerts and providing timely sanctions guidance on escalated entity/name screening
  • oversee research and provision of timely sanctions guidance on escalated business issues, new products and services, and local sanctions risk issues
  • lead the analysis, advisory on and integration of regulatory requirements into the global sanctions program
  • conduct ad hoc investigations and analysis in support of block/reject reports, or voluntary disclosures to OFAC, of any regulatory enquiries, and as requested
  • maintain policies and procedures in accordance with evolving regulations and industry guidance
  • assist in and/or lead the analysis/review of current processes and recommend and implement solutions that improve processes and mitigate risk
  • direct and participate in the operational and process analysis and change management activities on a global scale, including solution recommendations and implementation associated with business and compliance related activities
  • serve as representative on relevant governance and working groups
  • support response to regulatory and internal audit exam requests
  • oversee the creation of sanctions-related metrics and governance materials and support sanctions related projects and initiatives

What we value

These skills will help you succeed in this role:

  • Strong verbal and written communication, organizational, research, and analytical skills
  • Ability to work in a fast-paced environment and to make critical decisions within tight deadlines
  • Works effectively both independently and as part of a team

Education & Preferred Qualifications

  • Bachelor’s degree or equivalent business experience with focus in business, accounting, finance, criminal justice or equivalent
  • 5+ years’ experience with screening operations and alert dispositioning activities as well as with US, EU, UN, and other sanctions programs or equivalent
  • Knowledge of transaction message types (e.g., ACH, SWIFT, CHIPS, SEPA)

What we offer

Wide range of benefits, including:

  • Medical
  • Prescription Drug
  • Health Savings Account (HSA)
  • Flexible Spending Accounts (FSAs)
  • Dental
  • Vision
  • Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
  • Employee-Paid Long-Term Disability
  • Critical Illness Insurance
  • Accident Insurance & Hospital Indemnity Insurance
  • Business Travel Accident Insurance
  • Short-Term Disability
  • Identity Theft Protection
  • Legal Benefits
  • BeWell Programme
  • Paid Time Off
  • Employee Assistance Program (EAP)
  • Salary Savings Program (SSP)

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.

Salary Range:

  • $80,000 - $132,500 Annual
  • The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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

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