State Street - Princeton, NJ
posted 2 days ago
About the position
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, Sanctions Policy & Advisory, AVP role reports, as a member of the Sanctions Policy & Advisory Team, into the Lead, Sanctions Policy & Advisory, who reports into the Global Head of Sanctions Compliance. This role can be performed in a hybrid model, where you can balance work from home (1 day per week) and office (4 days per week) to match your needs and role requirements. We are open to hire in Boston or Quincy, MA; Jersey City, Princeton or Clifton NJ; Stamford, CT.
Responsibilities
- Management and leadership to ensure the Global Sanctions Policy and associated policies and procedures comply with applicable regulatory obligations and internal risk approaches.
- Leading the analysis, advisory on, and integration of regulatory requirements into the global sanctions program.
- Analysis and guidance on escalated transaction and entity/name screening alerts.
- Oversight of research and provision of timely sanctions guidance on escalated business issues, new products and services, and sanctions risk issues.
- Conducting ad hoc investigations and analysis in support of block/reject reports, or voluntary disclosures to regulatory authorities, of any regulatory enquiries, and as requested.
- Maintaining policies and procedures in accordance with evolving regulations and industry guidance.
- Assisting in and/or leading the analysis/review of current processes and recommending and implementing solutions that improve processes and mitigate risk.
- Directing and participating 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.
- Serving as representative on relevant governance and working groups.
- Supporting response to regulatory and internal audit exam requests.
- Overseeing the creation of sanctions-related metrics and governance materials.
- Overseeing and supporting sanctions related projects and initiatives.
Requirements
- 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.
- 5+ years' experience with US, EU, UN, and other sanctions programs or equivalent.
- Knowledge of transaction message types (e.g. ACH, SWIFT, CHIPS, SEPA, etc.)
Nice-to-haves
- Strong verbal and written communication skills.
- Strong organizational, research, and analytical skills.
- Ability to work in a fast paced environment & make critical decisions within tight deadlines.
- Works effectively both independently and as part of a team.
Benefits
- 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)
