Financial Crimes Compliance KYC Program, Vice President

Who we are looking for

Financial Crimes Compliance (“FCC”) Know Your Customer (KYC) Program Vice President, compliance professional with 5-8 years of experience of developing KYC program, standards and requirements to promote compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. Key responsibilities include developing global KYC standards and requirements, partnering with business, operations and infrastructure teams to enhance automation in the customer due diligence process, and managing regulatory examinations and remediations.

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.

What you will be responsible for

As FCC KYC Program VP you will:

• Manage and coordinate across all Business Units the triannual update of KYC Requirements as part of the ongoing Global KYC Program change management process. 
• Design and lead change in the KYC Program, including improving productivity through process simplification, review of the risk-based approach, automation and organizational redesign. Specific focus on automated/perpetual KYC for periodic reviews.
• Manage regulatory changes with impacts to KYC standards and expansions into new jurisdictions. Partner with in-country compliance officers to obtain requirements, translate requirements into KYC requirements, and engage with cross-functional compliance and BU operations on execution.
• Serve as subject matter expert and liaison for FLOD and SLOD teams to enhance the FLOD/SLOD practical understanding of AML regulations, and the AML Program in support of Risk Excellence. Promote consistent application of the KYC standards globally.
• Manage remediation of issues identified by second or third line testing. Propose, draft, and manage remediation plans to completion. Support regulatory exams by preparing exam responses and reviewing materials for submission.
• Partner with infrastructure team to maintain and update business rules engine and enhance/refine KYC platform functionality, including approving business requirements documents.
• Participate, present, and collaborate in multiple global meetings with cross-functional partners within first and second line.
• Support critical corporate strategies including Cryptocurrency/Digital Assets, Perpetual/Automated KYC, FCC Innovations initiatives, and Business Rules Engine.

What we value

These skills will help you succeed in this role:

• Able to manage multiple simultaneous tasks in a high pressure, deadline environment.
• Strong abilities in analytical thinking, problem solving, research, time management, and verbal and written communication.
• Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines.
• Able to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution.
• Qualified to collaborate with individuals across business units/lines.

Education & Preferred Qualifications

• Undergraduate college degree required; post-graduate degree a plus.
• Minimum 5-8 years related experience.
• Prior AML and Sanctions compliance and risk management experience.
• Professional certification such as CAMS, RMA, CFE, CPA, CIA, etc

Additional requirements

• Working knowledge of AML, OFAC, FinCEN, and KYC procedures and regulatory requirements including BSA and USA PATRIOT Act.
• BSA/AML and Sanctions Risk Assessment experience is required.
• Strong Excel skills and ability to understand data and create reporting.

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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