State Street
Head of Financial Crimes Compliance Testing, Vice President, Hybrid
State Street, Boston, Massachusetts, us, 02298
Head of Financial Crimes Compliance Testing, Vice President, Hybrid
We are seeking a dynamic leader to head our Financial Crimes Compliance Testing team. This role will oversee a group of professionals responsible for designing and executing regulatory and controls testing to assess State Street’s adherence to applicable laws, regulations, and internal policies. Financial Crimes risks include, but are not limited to, money laundering, terrorist financing, fraud, and sanctions evasion.
As a key member of the global team, you will be accountable for:
Developing and managing a comprehensive, risk‑based testing plan
Leading the execution of strategically significant testing initiatives
Driving collaboration across business units to strengthen compliance frameworks
This position is ideal for an individual with experience in risk assessment, internal controls, compliance testing or audit functions, particularly covering Financial Crimes. The role is based in Boston, Massachusetts. Working model is 4 days onsite, 1 day remotely.
What you will be responsible for:
Lead a global, diverse testing team effectively managing resources across multiple geographies to deliver on critical testing commitments
Oversee the development of the annual testing plan in partnership with subject matter experts, ensuring comprehensive coverage of high‑risk areas and coordination with the first and third lines of defense to avoid redundancies
Apply the department’s established methodology to independently design approaches for assessing the risk of non‑compliance with regulatory obligations and policy requirements, and validate State Street’s adherence to applicable regulations
Direct the performance of process walkthroughs and design of testing activities for compliance areas deemed as high priority
Serve as the primary representative of the testing team for Financial Crimes, engaging with global stakeholders at all organizational levels to foster collaboration and alignment
Write well‑reasoned and technically sound reports for executive consumption in accordance with internal standards to clearly communicate testing objectives, scope, regulatory requirements, results, and key issues
Manage relationships with corporate audit and quality assurance teams, responding to inquiries and providing documentation as necessary to demonstrate compliance with internal standards
Build strong relationships with other lines of defense and testing functions across various jurisdictions to harmonize on scope and testing approaches
Provide mentorship and professional development while driving quality deliverables and attention to detail of team work products
Keep abreast of regulators’ focus areas, recent enforcement actions, and industry practices to serve as the subject matter expert for Financial Crimes risk exposures and regulatory requirements
What we value:
Excellent technical writing skills
Exemplary communication and relationship building skills at all levels, from senior executives to individual contributors
Inclusive mindset that recognizes the value of a diverse global team and the ability to work across cultures with adaptability and flexibility
Deep understanding of the importance of effectiveness and efficiency
Analytical skills to evaluate business data and testing results with healthy skepticism and the ability to work in ambiguity
Enthusiasm for learning and an aptitude to learn quickly, as well as the motivation to use thought leadership to continue to grow the team
Strong personal drive, attention to detail and proactive initiative, coupled with urgency, responsiveness, and a commitment to continuous learning and growth
Education & Preferred Qualifications:
Bachelor’s degree (or equivalent) required; Master’s degree or J.D. preferred
Significant experience designing and executing AML and sanctions compliance monitoring, surveillance, testing, audit or exams
Professional certification(s) such as CAMS and CFE preferred
Other professional certifications such as CRCM, CRP, CIA, CISA, or CFA are favorable
Salary Range: $110,000 - $207,500 Annual
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax‑advantaged savings plans.
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.
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.
Job ID: R-781829
Seniority level:
Not Applicable
Employment type:
Full-time
Job function:
Legal
Industries:
Financial Services, Investment Banking, and Investment Management
#J-18808-Ljbffr
As a key member of the global team, you will be accountable for:
Developing and managing a comprehensive, risk‑based testing plan
Leading the execution of strategically significant testing initiatives
Driving collaboration across business units to strengthen compliance frameworks
This position is ideal for an individual with experience in risk assessment, internal controls, compliance testing or audit functions, particularly covering Financial Crimes. The role is based in Boston, Massachusetts. Working model is 4 days onsite, 1 day remotely.
What you will be responsible for:
Lead a global, diverse testing team effectively managing resources across multiple geographies to deliver on critical testing commitments
Oversee the development of the annual testing plan in partnership with subject matter experts, ensuring comprehensive coverage of high‑risk areas and coordination with the first and third lines of defense to avoid redundancies
Apply the department’s established methodology to independently design approaches for assessing the risk of non‑compliance with regulatory obligations and policy requirements, and validate State Street’s adherence to applicable regulations
Direct the performance of process walkthroughs and design of testing activities for compliance areas deemed as high priority
Serve as the primary representative of the testing team for Financial Crimes, engaging with global stakeholders at all organizational levels to foster collaboration and alignment
Write well‑reasoned and technically sound reports for executive consumption in accordance with internal standards to clearly communicate testing objectives, scope, regulatory requirements, results, and key issues
Manage relationships with corporate audit and quality assurance teams, responding to inquiries and providing documentation as necessary to demonstrate compliance with internal standards
Build strong relationships with other lines of defense and testing functions across various jurisdictions to harmonize on scope and testing approaches
Provide mentorship and professional development while driving quality deliverables and attention to detail of team work products
Keep abreast of regulators’ focus areas, recent enforcement actions, and industry practices to serve as the subject matter expert for Financial Crimes risk exposures and regulatory requirements
What we value:
Excellent technical writing skills
Exemplary communication and relationship building skills at all levels, from senior executives to individual contributors
Inclusive mindset that recognizes the value of a diverse global team and the ability to work across cultures with adaptability and flexibility
Deep understanding of the importance of effectiveness and efficiency
Analytical skills to evaluate business data and testing results with healthy skepticism and the ability to work in ambiguity
Enthusiasm for learning and an aptitude to learn quickly, as well as the motivation to use thought leadership to continue to grow the team
Strong personal drive, attention to detail and proactive initiative, coupled with urgency, responsiveness, and a commitment to continuous learning and growth
Education & Preferred Qualifications:
Bachelor’s degree (or equivalent) required; Master’s degree or J.D. preferred
Significant experience designing and executing AML and sanctions compliance monitoring, surveillance, testing, audit or exams
Professional certification(s) such as CAMS and CFE preferred
Other professional certifications such as CRCM, CRP, CIA, CISA, or CFA are favorable
Salary Range: $110,000 - $207,500 Annual
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax‑advantaged savings plans.
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.
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.
Job ID: R-781829
Seniority level:
Not Applicable
Employment type:
Full-time
Job function:
Legal
Industries:
Financial Services, Investment Banking, and Investment Management
#J-18808-Ljbffr