State Street
AML / Sanctions - Broker Dealer Head, Managing Director
State Street, Boston, Massachusetts, United States, 02108
AML/Sanctions - Broker Dealer Head Managing Director
State Street is looking to hire an AML/Sanctions - Broker Dealer Head Managing Director to support Project Platinum oversight and integration. This is a completely new area for State Street and will require a dedicated team of AML experts to oversee, align and integrate with the Broker Dealer who will be acting as introducing broker for a significant number of RIAs. The successful candidate will lead a team providing Independent BSA/AML Risk Management oversight and governance of our broker dealer business segments, which are inclusive of broker-dealers, private equity and registered investment advisors. Responsibilities include new product and service evaluations, development and maintenance of risk assessments, and challenge reviews of first line control assessments. Other responsibilities include the evaluation of customer and transaction risk and providing subject matter expertise related to corresponding Bank Secrecy and Anti-Money Laundering Regulations. Prior core business line broker- dealer, broker-dealer related operations, or operations risk management experience supporting the broker-dealer industry is required; Securities licensing is a plus. In addition, the incumbent should demonstrate a sound understanding of the BSA/AML regulations either through practical experience in core BSA/AML operational functions or a governance role. Certifications such as the Certified Anti-Money Specialist (CAMS) and or other recognized programs are a plus. This position is primarily based in a location Boston. Responsibilities require full-time in the office. Some responsibilities can be performed remotely at managers discretion. These skills will help you succeed in the role: Proven ability to lead and inspire high-performing teams in complex regulatory environments Exceptional communication and influencing skills across senior stakeholders, regulators, and cross-functional teams Strategic thinker with a strong ability to challenge the status quo and drive innovation Resilient and adaptable under pressure, with excellent prioritization and decision-making capabilities Education & Qualifications: Bachelors degree or equivalent 12+ years of industry-relevant experience within core business line broker- dealer, broker-dealer related operations, or operations risk management experience supporting the broker-dealer industry combined with sound understanding of the BSA/AML regulations either through practical experience in core BSA/AML operational functions or a governance role is required 8+ years of prior management experience is required Expertise in: Regulatory experience (FINRA/SEC), Transaction risk, Business advisory, Regulatory requirements, Risk assessments, Risk control, Strategic objectives compliance reporting, Customer risk, Anti-money laundering/sanctions policies and procedures, Audit and/or compliance function, Fraud management Prior securities licensing is a plus Certifications such as the Certified Anti-Money Specialist (CAMS) and or other recognized programs are a plus What we offer: 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 program 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 dont necessarily need you to fulfill 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, were making our mark on the financial services industry. For more than two centuries, weve 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. Youll 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: $170,000 - $267,500 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. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street is looking to hire an AML/Sanctions - Broker Dealer Head Managing Director to support Project Platinum oversight and integration. This is a completely new area for State Street and will require a dedicated team of AML experts to oversee, align and integrate with the Broker Dealer who will be acting as introducing broker for a significant number of RIAs. The successful candidate will lead a team providing Independent BSA/AML Risk Management oversight and governance of our broker dealer business segments, which are inclusive of broker-dealers, private equity and registered investment advisors. Responsibilities include new product and service evaluations, development and maintenance of risk assessments, and challenge reviews of first line control assessments. Other responsibilities include the evaluation of customer and transaction risk and providing subject matter expertise related to corresponding Bank Secrecy and Anti-Money Laundering Regulations. Prior core business line broker- dealer, broker-dealer related operations, or operations risk management experience supporting the broker-dealer industry is required; Securities licensing is a plus. In addition, the incumbent should demonstrate a sound understanding of the BSA/AML regulations either through practical experience in core BSA/AML operational functions or a governance role. Certifications such as the Certified Anti-Money Specialist (CAMS) and or other recognized programs are a plus. This position is primarily based in a location Boston. Responsibilities require full-time in the office. Some responsibilities can be performed remotely at managers discretion. These skills will help you succeed in the role: Proven ability to lead and inspire high-performing teams in complex regulatory environments Exceptional communication and influencing skills across senior stakeholders, regulators, and cross-functional teams Strategic thinker with a strong ability to challenge the status quo and drive innovation Resilient and adaptable under pressure, with excellent prioritization and decision-making capabilities Education & Qualifications: Bachelors degree or equivalent 12+ years of industry-relevant experience within core business line broker- dealer, broker-dealer related operations, or operations risk management experience supporting the broker-dealer industry combined with sound understanding of the BSA/AML regulations either through practical experience in core BSA/AML operational functions or a governance role is required 8+ years of prior management experience is required Expertise in: Regulatory experience (FINRA/SEC), Transaction risk, Business advisory, Regulatory requirements, Risk assessments, Risk control, Strategic objectives compliance reporting, Customer risk, Anti-money laundering/sanctions policies and procedures, Audit and/or compliance function, Fraud management Prior securities licensing is a plus Certifications such as the Certified Anti-Money Specialist (CAMS) and or other recognized programs are a plus What we offer: 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 program 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 dont necessarily need you to fulfill 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, were making our mark on the financial services industry. For more than two centuries, weve 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. Youll 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: $170,000 - $267,500 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. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.