Compliance Officer Swap Dealer, Assistant Vice President

Who we are looking for

Swap Dealer Compliance seeks a Compliance Officer to advise internal stakeholders on implementation and development of Commodity Futures Trading Commission (“CFTC”) and National Futures Association (“NFA”) swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including Global Markets FX Sales & Trading, Global Treasury as well as with Compliance, Legal, Operations, Enterprise Risk Management, Finance and Audit stakeholders. Knowledge of CFTC & NFA swap regulations is preferred to enhance the compliance program and assist the swap dealer to satisfy its regulatory obligations is a plus.

Why this role is important to us

The Compliance Department prevents, detects and mitigates compliance, regulatory and reputational risk across State Street and helps to strengthen our culture of compliance through the compliance oversight program. As a second line independent control function, Compliance assesses compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the banks’ responses to regulatory examinations, audits and inquiries. Compliance team members come from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess excellent analytical abilities, sound judgment, curiosity, problem solvers who are able to adapt to changing regulatory needs.

What you will be Responsible for

· Advising and implementing enhancements to the overall Swap Dealer Compliance Program, including policies and procedures

· Assisting in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators (CFTC & NFA)

· Reviewing and educating internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters

· Advising the business on regulatory requirements, developments and expectations across the swap dealer regimes including swap data reporting, business conduct, recordkeeping, margin and other areas

· Assisting with the development of training for Swap Dealer Associated Persons to educate and remind employees of their obligations and expected behaviors

· Assisting in drafting CCO annual compliance report and presenting report to senior management

· Periodically assessing the effectiveness of the relevant CFTC and NFA rules together with obligations, risks and controls, including core compliance risk assessments

· Assisting in developing monitoring and testing to review and challenge controls and implement obligations with Compliance and business teams, and work with Audit on ongoing reviews

· Performing other tasks as required

What we value

· Experience writing and implementing policies and procedures, management information and reports

· Knowledge of financial services products, markets, laws, rules and regulations relevant to OTC derivatives, FX, swaps, futures and options is a plus

· Experience with the monitoring and testing of compliance programs

· Strong interpersonal skills and the ability to manage processes and drive change and accountability with key internal stakeholders

· Effective communicator with senior stakeholders both verbally and written, including experience delivering trainings

· Work effectively with personnel in different office locations and in different time zones

· Exceptional attention to detail and strong analytical skills

· Proficiency in Excel, PowerPoint, and Microsoft Office

Education & Preferred Qualifications

· Bachelor’s degree

· Relevant work experience in Compliance, Legal, Audit or Risk Management

· Knowledge of CFTC & NFA swap dealer regulations is a plus

What we offer

Wide range of benefits, including:

• Medical
  •    Prescription Drug
  •    Health Savings Account (HSA)
  •    Flexible Spending Accounts (FSAs)
  •    Dental
  •    Vision
  •    Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
  •    Employee-Paid Long-Term Disability
  •    Critical Illness Insurance
  •    Accident Insurance & Hospital Indemnity Insurance
  •    Business Travel Accident Insurance
  •    Short-Term Disability
  •    Identity Theft Protection
  •    Legal Benefits
  •    BeWell Programme
  •    Paid Time Off
  •    Employee Assistance Program (EAP)
  •    Salary Savings Program (SSP)

  
  Are you the right candidate? Yes!
  We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
   

  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

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.

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.