Financial Crimes Compliance Expert, Assistant Vice President

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 in 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 can be performed in a hybrid model from Munich or Frankfurt.

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 Financial Crimes Compliance (FCC) Expert you will be 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:
- 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- Ensure the design and execution of the SSBI 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- 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- Perform quality assurance reviews for the overall SSBI FCC framework and steer holistic remediation activities- Manage and support internal and external audits and inspections as well as major regulatory implementation projects- 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- Strong interpersonal, communication, project and people management skills- Proven ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines- 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- 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-
- Strong written and verbal communication skills- Self-motivation and the ability to work independently together with different internal and external stakeholders- Strong organizational skills- Ability to multi-task and being responsible for different tasks / projects- Strong relationship management skills

Education & Preferred Qualifications- 5+ years of relevant industry experience in banking or financial services- University degree or equivalent, preferably with a legal background, or significant prior experience as an MLRO or Financial Crimes Compliance expert- Expertise in core financial crimes compliance risks (AML, KYC, Sanctions)- FCC certifications or trainings would be a benefit- Proficiency in German and English

We offer- Flexible working time- Work from home days might be possible depending on the role- Depending on legal entity 37,5 or 40 working hours per week- Pension plan offering- Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings)- Group accident insurance- Mentoring program- Regular performance reviews and structured performance management- Personal development possibilities and extensive web based training catalogue- Free German and English language classes- Global Inclusion, Global Outreach and Corporate Citizenship programs- Dynamic, diverse, international, and multicultural working environment with English company language

About State Street

What we do. State Street is one of the largest custodian banks, asset managers a