Head of Financial Intelligence Unit, Vice President (Finance)

Who we are looking for

This role, reporting to the Deputy Head of Financial Crimes Compliance (FCC), and is responsible for leading the Financial Intelligence Unit ("FIU") within State Street's FCC function. The role involves the design, implementation and management of State Street's processes for identifying, investigating and reporting suspicious activity that may constitute money laundering, or other financial crimes, by through or at State Street.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Our standard hybrid model is 4 days on site and 1 day remote. Preferred location is Boston or Quincy, MA. We will also consider applicants from: Stamford, CT; Princeton and Clifton, NJ; Berwyn, PA; Atlanta, GA.

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 Head of Financial Intelligence Unit, Vice President you will be responsible for:

• Leading the design, implementation and management of the process for analyzing the specific money laundering typologies which may be relevant to State Street's businesses and assessing the control coverage required to mitigate the risk posed by those typologies. This analysis must take into account industry best practices and guidance from regulatory agencies in North America, Europe and Asia as well as international or industry bodies such as the Financial Action Task Force, Basel Committee on Banking Supervision, The Wolfsberg Group, and the Securities Industry and Financial Markets Association
• Assessing State Street's future transaction monitoring requirements and driving the multi-year strategy to address those requirements. This includes assessing new products and lines of business to determine the appropriate transaction monitoring requirements
• Partnering with the FCC Innovations team and Information Technology teams to develop the required transaction monitoring models and tools
• Overseeing the FIU's suspicious activity investigation and reporting processes, and ensuring the FIU has sufficient staffing, expertise, and analytic tools proactively to conduct timely investigations related to suspected money laundering, terrorism finance or other related financial crimes. Employees are located in multiple locations globally, including USA, United Kingdom, Poland, India, and Hong Kong
• Driving operational efficiency in the FIU's investigation and reporting processes;
• Engaging, as appropriate and permitted by law, with law enforcement and other financial institutions (e.g., information sharing pursuant to section 314(b) of the U.S. Patriot Act)
• Collaborating with other elements of State Street's AML Compliance program as required, including the policy, risk assessment and KYC processes
• Reporting to various State Street forums on the status of the enterprise-wide suspicious activity monitoring program, including the Anti-Money Laundering Oversight Committee

What we value

These skills will help you succeed in this role

• Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication
• Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines
• Ability to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution

Education & Preferred Qualifications

• An undergraduate college degree (bachelor) required. Advanced degree or JD a plus
• 15+ years related experience
• Proven leader of global teams, inclusive of talent identification, development and retention in an environment of strong collaboration
• Strong knowledge and experience of global BSA / AML regulations, related compliance requirements and regulatory expectations including Suspicious Activity Report requirements or equivalent around the world
• Sector knowledge involving private and alternative investment funds, mutual funds, registered investment funds and other securities related industries, including associated regulators and self-regulatory agencies such as the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA)
• Experience dealing with financial regulators and law enforcement and ability to communicate clearly and effectively with such persons in the US, United Kingdom, European Union and Asia Pacific jurisdictions

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.

Discover more at StateStreet.com/careers

Salary Range:
$130 000 - $212 500 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. Salary Minimum: 130000Salary Maximum: 212500