Who we are looking for
The State Street Bank International GmbH Compliance team seeks a Compliance Vice President to support the oversight of and provide advice and guidance related to the suite of products & services provided by the Bank mainly for the Institutional Services (IS), Global Delivery (GD), Global Markets (GM), Global Treasury (GT) and Global Credit Finance (GCF) divisions. The main responsibility is to assist in delivering regulatory advice for these business units in Germany.
The role can be performed in a hybrid model from Munich or Frankfurt office.
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.
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What you will be responsible for
As a Regulatory Change Compliance Manager, Vice President you will:
- Monitor assigned regulatory bodies for regulatory changes potentially impacting the business lines on SSBI level
- Carry out the initial triage of the potential regulatory change and inform the relevant SLOD and FLOD; and support the completion of the risk impact assessment.
- Assist in developing the regulatory change management staff to build subject matter expertise.
- Support communication to inform business units of regulatory developments and policy changes
- Support communication and impact assessment in regulatory changes of SSBI Branches and other business lines in core and embedded area.
- Provide support to the Compliance team in the analysis and interpretation of policies and regulations as it aligns with the corresponding business units. This includes new regulations being implemented that affect the business units.
- Provide regulatory advice in the Compliance related supervisory law (Germany and EU).
- Provide challenge to the business in regard to regulatory adherence; this includes communication of required corrective actions to senior management.
- Be responsible for support in drafting and maintaining policies and procedures, as well as corresponding training.
- Deal with general regulatory queries from staff.
- Work on Business Line and/or Compliance related projects as assigned.
- Provide regulatory support to State Street Bank International GmbH's Compliance network with regard to the impact of EU legislation.
- Identify and report all risk and compliance issues, breaches and suspicious activities
- Establish and maintain relationships with the other Compliance staff members globally
- Cultivate effective relationships with internal business partners to successfully achieve organizational goals
- Identify real-time process improvements and suggest resolutions where needed
- Perform other duties as required
What we value
- Excellent interpersonal, organizational, communication and team-working skills
- Strong analytical skills, excellent oral and written communication skills
- Attention to detail, project management and organizational skills
- Aptitude to work both independently and collaboratively, manage multiple simultaneous tasks in a high-pressure, deadline-driven environment
Education & Preferred Qualifications
- Fully qualified German lawyer or comparable education.
- Minimum 9+ years' experience in financial services preferably within a compliance function, legal department or advisory/audit firm.
- Have a strong understanding of policies, procedures and controls.
- Demonstrate an excellent recognized subject matter expert understanding of German and European requirements including amongst others KWG, MaRisk, MaComp, MiFID, MAR, SFDR, SFTR and other applicable laws, rules and regulations.
- Ability to make independent decisions, develop creative solutions to problems and manage implementation through to acceptance.
- Assume ownership for the delivery of projects while also operating successfully in a cross-functional team environment.
We offer
- Flexible working time
- Work from home days might be possible depending on the role
- Depending on legal entity 37,5 or 40 working hours per week
- Pension plan offering
- Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)
- Group accident insurance
- Mentoring program
- Regular performance reviews and structured performance management
- Personal development possibilities and extensive web based training catalogue
- Free German and English language classes
- Global Inclusion, Global Outreach and Corporate Citizenship programs
- Dynamic, diverse, international, and multicultural working environment with English company language
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
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