Risk Assessment, Assistant Vice President, Hybrid

This job is with State Street, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Who we are looking for

The Risk Assessment, AVP will support the Risk Assessment Lead in conducting ongoing enterprise-wide money laundering and sanctions risk assessments.

The Risk Assessment, AVP will be responsible for supporting the lifecycle of the annual risk assessment in collaboration with key stakeholders, including compliance and business partners, auditors, and other key constituents. Additionally, the Risk Assessment AVP will execute Legal Entity risk assessments for delivery to local anti-money laundering officers and execute similar risk assessment analyses.

This role can be performed in a hybrid model, where you can balance work from home (1 day) and office (4 days) to match your needs and role requirements.

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 :

Key contributor to the continued development and maintenance of an enhanced Money Laundering and Sanctions Risk Assessment methodology and framework.

Drive creation and maintenance of detailed policies, methodologies, and procedures related to the money laundering and sanctions risk assessment process.

Execute the assessment of the inherent money laundering and sanctions risks and control effectiveness within the established framework to determine residual risk.

Create and maintain workpapers supporting risk profile analysis, key risk trends, horizon risk analysis and global geopolitical developments.

Accountable for organizing annual business unit surveys globally, preparing and documenting risk assessment workshops and review take-away actions items.

Support execution of ad hoc AML and Sanctions risk analyses in partnership with respective subject matter experts to formulate a risk opinion

Execute legal entity risk assessments globally, including data mining, risk identification, control analysis and entity-specific highlights

Drive key developments in horizon / targeted risk assessments, sourcing critical data elements, conducting risk analyses, and documenting output via written report and executive management presentations

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.

Working knowledge of AML, OFAC, FinCEN, and KYC procedures and regulatory requirements including BSA and USA PATRIOT Act.

Holistic BSA / AML and Sanctions Risk Assessment experience is required.

Previous supervisory / managerial experience required.

Professional certification such as CAMS, RMA, CFE, CPA, CIA, etc

Salary Range :

$80 000 - $132 500 Annual

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.

Discover more information on jobs at StateStreet.com / careers

Read our CEO Statement

Job Application Disclosure :

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

]]>