Conduct Risk Compliance - Officer
Who are we looking for
Candidate having 10 to 12 years of experience with understanding on Compliance functions, knowledge of financial products and excellent communication skills (Verbal & Written). Officer will be primarily working on leading an employee trade surveillance team, Conflicts of Interest review and may support the other conduct risk related tasks. This role is based out of the Bangalore location (RMZ Eco world, Bellandur).
Why this role is important to us
The Conduct Risk Management Office(CRMO) team you will be joining plays an important role in the overall success of an organization. CRMO is part of the Corporate Compliance and has Second Line of Defense(SLoD) responsibility for Global Personal Investment Policy, SSGA Code of Ethics, Global Conflicts of Interest Policy, Global Outside Activity Policy and Standard of Conduct. Across the globe, institutional investors rely on us to help them manage conduct risk, respond to challenges, and drive performance and profitability. To make that happen we need teams 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.
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What you will be responsible for
- Good understanding of State Street's Standard of Conduct, State Street Global Advisors Code of Ethics, Global Personal Investment Policy, Conflicts of Interest Policy, Outside Activity Policy and other compliance policies.
- Conduct Risk Compliance team monitors the risk that arises out of an employee's trades executed via their brokerage accounts, Private Investments and Outside Business Activities etc.
- Lead an Employee Trade Surveillance team of 5 to 10 members having an oversight on Daily Surveillance of employees personal securities transactions to ensure requirements are met, escalate the potential violations are researched and escalated appropriately.
- Conduct regular team huddles to track status of different tasks and address any concerns of the team members.
- Weekly Check-In's with the team members, Coach them and act as an mentor for junior team members. Assigning priorities for team members in Coordination with Functional Manager and conducting monthly reviews & Snapshot discussions.
- Preparation of Deck for CRMO Operations Meeting highlighting the Key achievements, tasks and volumes processed and addressing concerns with global team.
- Support on Star Compliance User acceptance testing (UAT), enhancing the existing 'Standard Operating Procedures' and creating the new ones when required.
- Proactive mindset to actively collaborate with other compliance teams locally in India and functionally within Conduct Risk Management Office globally is desired.
- Few tasks that include but not limited to broker statement reconciliation, initial holdings certification etc. may involve manual work. Detail attention to these tasks performed by team members is required and perform Quality checks.
What we value
These skills will help you succeed in this role
- Good time management skills to prioritize and re-prioritize tasks, open minded to accept feedback from Functional and Local Managers in a constructive way and attention to detail will fit and succeed in this role.
- Good Understanding on Financial Products that include but not limited to Equities, Bonds, mutual funds and Option trading etc. is mandatory.
- Good draft skills in creating and enhancing the 'Standard Operating Procedures' for multiple tasks performed
- Good Oral/Written Communication Skills is desired to lead a large team and to handle employes queries over email and scheduled calls daily.
- Active Participation in India Compliance Initiatives and work closely with local leadership team is part of the core roles and responsibilities.
Education & Preferred Qualifications
- Any full time degree would suffice
- 10 to 12 years of experience with 5 plus years of experience in compliance is preferred
- 1 to 4 years of people management is desired
- Available to work (12 PM IST to 9 PM IST)
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.
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