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Primary responsibility is to manage the design and execution of the State Street Global Services Country Compliance Oversight Program
Lead the GS Country Compliance team in designing and executing presumptive risk response activities
To actively promote a culture of compliance
To provide day to day support to the GS business in country related to Client Operations; IMS Asset servicing; and, Performance Services.
Provide day to day support to the Head of GS Compliance as required, including deputising as required
To ensure the successful management of the design and execution of the Global Services Country Compliance Oversight Program.
Responsibility for the successful management of the design and execution of the GS Country Compliance Oversight Program, including management of the presumptive risk response execution, for State Street Bank and Trust Company (Branch) and associated business lines ensuring the compliance with the local regulatory requirements.
Set the standards to be adhered to by the GS Country Compliance team in performing the Regulatory Risk Assessment; and, administering the GS Country Compliance Program tools including Project Plan, CVRs, Change control, Axentis, etc.
Support the APAC Controls and Testing programme as it applies to the GS Country business line by assisting in the review of controls to be tested, their proposed scope and the appropriate management of any control gaps identified.
Produce written reports for the governance committees, legal entity boards, senior management and the Head of GS APAC on the delivery of the compliance programme indicating progress achieved and recommendations. Where required deliver the reports to the governance and senior management structure.
Lead the regulatory training provisions by the GS Country Compliance team to the GS Country business lines. Work with business line management to identify training needs. Oversee the completion of mandatory training elements within GS Country business lines. Ensure the effective management of the local Compliance policy framework including maintenance of policies on Collaborate site, communication of policies and their key requirements to staff as required. This includes developing, implementing, promoting and maintaining compliance standards and procedures that enable employees to act in a compliant manner.
Participation in client due diligence on-site and remotely conducted client meetings. Lead and coach team members to provide support in these client meetings as required
Maintain a good working knowledge of the local requirements on all pertinent legislative updates or regulatory change. Analyse, summarise and communicate to the business as required.
Develop successful relationships with internal regulatory experts; peers in other asset management firms and service providers; and, with industry bodies. Participate in external regulatory forums and groups to provide input and discussions on forthcoming compliance regulation. Ensure that the outcome of the meetings are communicated to the relevant stakeholders (GS APAC Compliance and Senior Management)
Consult, advise and support management on compliance and regulatory matters that affect business decisions and the execution of their duties, including having regard to the Country regulatory requirements
Proactively engage with Ethics, AML, Privacy, ERM and other control groups across State Street as required.
Proactively collaborate with peers in other State Street business aligned compliance teams
Proactively identify and escalate any issues and weaknesses in the governance structure and promote the governance requirements as identified within the State Street model.
Lead, manage and mentor of direct and indirect reports within the GS Country Compliance team.
Bachelor's degree and/or professional qualification preferable in Accounting, Law, Finance or equivalent
Minimum 10years of compliance experience gained with a financial institution, professional firm or a regulatory agency
Strong relevant experience with some banking, custody or funds management experience.
Team player with effective communication and organization skills
Demonstrated project management and leadership skills
Demonstrated analytical and problem solving skills
Strong computer skills including knowledge of word processing, spreadsheet and database applications.
Ability to manage multiple priorities while maintaining attention to detail.
Ability to develop and maintain business relationships within the business unit and across the corporation.