Who we are looking for
Becoming part of the Financial Crimes Compliance (FCC) team of State Street Bank International GmbH (SSBI) you will drive and shape the future of the firm’s policies, procedures, systems and controls to prevent and detect financial crimes. The role sits within SSBI’s FCC function and the role holder will take over responsibilities – after an onboarding phase - as MLRO for SSBI Germany and Deputy Group MLRO and work on further developing the program set-up and support the SSBI Group Money Laundering Reporting Officer (“MLRO”) with a diverse set of tasks and varying projects.
The role will be performed in hybrid model in Munich or Frankfurt to balance your needs and role requirements. There is no opportunity for fully remote work in this role.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization and will be a key contributor to the regional and global FCC program. 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 MLRO for SSBI Germany and Deputy Group MLRO you will be accountable for overseeing the implementation and maintenance of effective global and local policies, procedures, systems and controls in accordance with the global and local laws, regulation and guidance to enable SSBI to identify, assess, monitor and manage money laundering and other financial crimes risks.
Specifically, you will:
1. Provide advice and challenge to first line of defense in their creation, maintenance and development of effective systems, controls, policies, procedures and training in order that SSBI complies with Financial Crimes related regulatory and legal requirements
2. Ensure the design and execution of the SSBI FCC risk assessment is in line with local regulatory requirements and provides a holistic assessment of SSBI’s inherent financial crime risks and the effectiveness of the controls that have been implemented to manage those risks
3. Ensure that new, or amended regulatory obligations, industry guidance and best practice applicable to SSBI jurisdictions are appropriately assessed and reflected in its operating procedures and controls
4. Perform quality assurance reviews for the overall SSBI FCC framework and steer holistic remediation activities
5. Manage and support internal and external audits and inspections as well as major regulatory implementation projects
6. Be a trusted advisor and technical expert to SSBI’s business lines and relevant functions on financial crime risks and emerging issues
What we value
These skills will help you succeed in this role
7. Strong interpersonal, communication, project and people management skills
8. Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines
9. Demonstrable problem solving and decision-making skills in particular when advising SSBI’s business units on the financial crimes risk and issues impacting SSBI’s business operations
10. Deep understanding of core financial crimes risks, in particular money laundering, Know-Your-Customer (KYC) processes and economic sanctions as well as fraud and ABC
11. Recent experience providing advice or guidance on the application of FCC related laws and corresponding controls
12. Strong written and verbal communication skills
13. Self-motivation and the ability to work independently together with different internal and external stakeholders
14. Strong leadership and organizational skills
15. Ability to multi-task and being responsible for different tasks / projects
16. Strong relationship management skills
Education & Preferred Qualifications
17. 10+ years of relevant industry experience in banking or financial services
18. University degree or equivalent, preferably with a legal background, or significant prior experience as an MLRO or Financial Crimes Compliance expert
19. Expertise in core financial crimes compliance risks (AML, KYC, Sanctions)
20. FCC certifications or trainings would be a benefit
21. Proficiency in both German and English
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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