Compliance Manager, Assistant Vice President

State Street UK
29 Jul 2017
15 Aug 2017
Contract Type
Full Time

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.

Our promise to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It's also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You'll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you. Join us.

Purpose of Role:

  • To assist the GS UK Compliance Program Manager VP in delivering all regular activities undertaken by the compliance team as part of the Compliance Oversight Program, including developing and executing monitoring activities.

  • To actively promote a culture of compliance.

  • Deputise for the GS UK Program Manager as required.

  • To provide day to day support to the GS UKMEA business related to Client Operations; IMS Asset servicing; and, Performance Services.

  • To provide support to the Head of GS UKMEA Compliance with responsibility for assigned project work as required

Major Responsibilities:

Role specifics

  • Assist and support the GS UK Compliance Program Manager; and the GS UK Compliance team members in the execution and delivery of the compliance regulatory oversight program for Global Services UKMEA and associated legal entities, ensuring compliance with the UK Financial Conduct Authority and Prudential Regulation Authority rules.

  • Proactively lead the design and execution of a robust and comprehensive monitoring and surveillance plan for the State Street Bank and Trust Company London Branch. Escalation of issues to GS UK Compliance program Manager and the Head of GS UKMEA Compliance.

  • Participate in active engagement with Regulators as required.

  • Proactively review business activities to identify potential regulatory and compliance risks. Conduct reviews of business activities as required.

  • Provide ongoing technical advisory services; guidance and support to the business lines as required within GSUKMEA Division.

  • Produce written reports for the governance committees, legal entity boards, senior management and the Head of GS UKMEA on the delivery of the compliance program indicating progress achieved and recommendations. Where required deliver the reports to the governance and senior management structure.

  • Participate in Client due diligence responses and client meetings as required.

  • Consult, advise and support management on compliance and regulatory matters that affect business decisions and the execution of their duties, including having regard to the UK regulatory requirements


  • Demonstrate the 'Risk Excellence' culture in your behaviour

  • Maintain a detailed understanding of :

    • The scope of the role's managerial responsibilities

    • The competence of the staff reporting to you

  • Ensure that your team has clear understanding of their reporting lines, authority levels, scope of responsibilities (including those delegated to them and those they delegate), objectives, training and competency requirements plus progress is reviewed regularly in line with Company policy, and are regulatory registered where appropriate for their role

  • Develop effective working relationships and communications with staff and ensure that staff are motivated, developed and supported.

  • Establish and monitor systems of control, delegated authority and escalation procedures so that the business complies with internal policies and external regulations and can be managed effectively

  • Adhere to the delegation and oversight (management information and escalation) framework in the performance of daily tasks. This includes taking proactive action to ensure there is adequate production of management information that is fits for purpose, and issues are raised as appropriate

  • Establish and monitor an effective delegation framework to ensure that tasks are performed by staff members with appropriate capacity and authority level (based on knowledge, skills and competence).

  • Establish and monitor an effective oversight framework to ensure that issues are appropriately identified, escalated and resolved. This includes: a) ensuring that appropriate management information is received, considered and challenged as appropriate at intervals proportionate to the risks; and b) that staff members have clear understanding of the escalation path/principles

  • Establish and nurture a culture of 'Risk Excellence' within the team, encourage an environment of openness that welcomes effective challenge and supports open discussion.

  • Ensure that you make reasonable decisions by exercising reasonable care when considering information available to you. This includes taking proactive action to ensure that the information you have is suitable and adequate.

  • Establish and nurture a culture of individual ownership of tasks to embed a clear individual sense of accountability into staff members' behaviour in performing their roles.

  • Ensure that the highest level of the Code of Conduct is displayed in your own and staff behaviour

Level of Education / Qualifications:

  • University level education preferred

Skills and Experience:

  • Financial services experience is a pre-requisite

  • General compliance or operational risk management experience is required (some candidates may be considered without this, dependent on experience and length of time within the financial service industry)

  • Good working knowledge of the UK regulatory environment

Required Competencies:

  • Confident self-starter who is proactive

  • A team player, happy to proactively work with others to achieve the team's goals

  • Professional working style in dealing with colleagues at all levels of the organization

  • Diligence and attention to detail are a must

  • Ability to prioritise effectively and cope well at delivering results under pressure

  • Ability to effectively deputise for the Compliance Manager as required

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