Who we are looking for

We are looking for a Compliance Officer (Officer level) who will primarily focus on the oversight of and provide advice and guidance related to Investment Services and Global Delivery products for State Street Bank International GmbH – Italy Branch.

The successful candidate has expertise in compliance, legal or audit functions within the Financial Services sector, possesses strong attention to detail, is able to work independently but in collaboration with the broader team and thrives in a fast-paced environment.

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 reliable and proactive individuals to help navigate products and the organization as a whole and ensure compliance with applicable regulations. 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 a Compliance Officer you will:

Under limited supervision, work on various elements of a particular business units Compliance Oversight Program (COP), with particular focus on depository and custody areas ·

Understanding of various risk assessment frameworks and formulating recommendations for compliance strategies based on accurate identification of potential business risks, franchise risks, reputational risks, and emerging risks ·

Identify, analyze and provide compliance advice to the business and senior management on applicable laws and regulations, with specific focus on custody and depository, PSD, MiFID, Market Abuse, 231/01.

Design, plan, conduct and report on the testing within Compliance Advisory Reviews for SSBI

Exercise discretion and judgment with regard to matters of significance, such as supporting production of management reporting, including but not limited to data collection, qualitative and / or quantitative analysis, formatting and quality assurance ·

Work independently on specific assignments and consult with senior staff where clarification or exception to policy may be required ·

Under limited supervision, act as coordinator for resolution of compliance issues ·

Support communication to inform business units of regulatory developments and policy changes with particular focus on depository and custody areas ·

Support regulatory exams and investigations as appropriate   

Coordinate the implementation of controls with the business and management ·

As requested, review work of others for technical accuracy and provide input with the goal of enhancing the teams efforts to mitigate regulatory risk

Drive open and collaborative communications ensuring regulatory information is shared in a timely manner with key functions ·

Share in the establishment/implementation of compliance training and education programs to keep business personnel apprised of compliance policies and regulatory obligations (inclusive of new employee induction training) ·

Actively participate in risk management projects · Cultivate effective relationships with internal business partners to successfully achieve organizational goals ·

Identify and report all risk and compliance issues, breaches and suspicious activities · Establish and maintain relationships with the other Compliance staff members globally ·

Complete assigned periodic training as required by corporate methodology (annually, quarterly, etc.) ·

Identify real-time process improvements and suggest resolutions where needed · Perform other duties as required

Support the team in the management of 231/01 Committee’s tasks

What we value

These skills will help you succeed in this role

Ability to make independent decisions, develop creative solutions to problems and manage implementation through to acceptance

Have a strong understanding of policies, procedures and controls

Excellent interpersonal, organizational, communication and team-working skills

Demonstrated ability to work effectively with outside parties at all organizational levels

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

Previous experience in a compliance advisory function covering custody, fund administration or investment servicing businesses is considered plus.

Education & Preferred Qualifications

MA/ MSc/ BA/ BS (or equivalent experience) in a related field

Minimum of 4-5 years relevant work experience with risk, compliance, legal or audit functions within the financial services sector preferred

Excellent critical thinking skills

Ability to communicate with and appropriately influence all levels of management

Excellent interpersonal, communication (written and verbal), and presentation skills

Excellent project management and organizational skills

Strong customer focus

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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