Who we are looking for
Compliance department supports the Executive Management Board (EMB) of State Street Bank International GmbH (SSBI) and SSBI employees in their responsibility to comply with laws and regulations applicable to the Bank’s business activities, products/services and functions. This position in Germany is perfect for an individual who has expertise in Compliance risk management within the financial services sector, possesses a good understanding of ESG-related regulatory obligations and their impact on financial institutions.
This role can be performed in a hybrid model, where you can balance work from home (up to 3 days per week) and office (2 days per week) to match your needs and role requirements. Branches are located in Krakow and Gdansk, Poland.
Why this role is important to us
You will be a key member of a team that will play an important role in the overall success of the ESG implementation in SSBI.
As legislators have strengthen the requirements in the areas of sustainability, green financed, diversity and inclusion and human rights, EU financial regulators expect banks to comply with these requirements.
We seek a candidate with strong ESG knowledge and experience to help our stakeholders in understanding and navigating ESG-related challenges and keep abreast of benchmark activities in the financial industry. You will support the team and the Bank as well as the heads of impacted SSBI functions in the development and maintenance of a coherent set of comprehensive standards and guidelines around ESG governance across all impacted areas specifically, credit/ liquidity/ operational/ market/ interest rate risk management as well as finance and data governance. In your role you will contribute to cutting-edge solutions to mitigate regulatory risks associated with ESG obligations. You will be an important contributor in helping SSBI in building resilience in ESG Compliance risk management and you will be part of the execution of day-to-day deliverables to the best of your capabilities.
What you will be responsible for
As an ESG Compliance Specialist, you will
Support the maintenance of a comprehensive regulatory database, including processes to identify and integrate emerging ESG regulations.
Advise on applicable regulatory requirements as well as regulators’ expectations in respect of the following activities:
Integration of ESG considerations into third-party risk management, supply chain, and procurement relationship and activities.
Assessment of ESG risks in relation to customer acceptance, and onboarding and gathering data and information to support assessment of ESG risks.
Integration of ESG assessments into business decisions, including lending and credit risk due diligence, investment activities, and funding as appropriate.
Integration of ESG considerations into other risk assessments to ensure that decision-making takes into account all relevant risks.
Design of sustainable finance products to meet market demand and assessment of marketing activities to avoid accusations of greenwashing.
Provide interpretative guidance to business partners and risk owners in the adaptation of internal policies and procedures to ESG regulatory changes.
Execute monitoring and testing activities to identify control deficiencies and recommend risk mitigation actions.
Support ESG regulatory risk assessments and in the evaluation of ESG-related regulatory risks in products and services governance frameworks (e.g. NBPRA)
Identify/advise on ESG regulatory obligations in relation to third-party arrangements (e.g. ORADs)
Advise on interpretation of regulatory requirements in relation to ESG disclosures.
Work in conjunction with other Compliance team members to resolve ESG regulatory issues and ensure accuracy of accountabilities, and adherence to all policies/regulations/guidelines.
Maintain and continuously develop knowledge around ESG regulatory obligations and industry best practices, SSBI businesses, products and services, and key technology in use by the business units.
Support Compliance management and colleagues in the development, implementation, reviews and revisions of Compliance manuals, policies and procedures.
Liaise with Compliance colleagues globally to share and complete deliverables.
What we value
These skills will help you succeed in this role
A solid background in Compliance, Audit and/or Business Control function(s) with expertise in ESG regulation, compliance risk management and monitoring/testing within the financial services.
Strong critical thinking, interpersonal and presentation skills.
Ability to communicate with and appropriately influence all levels within the organization.
High degree of initiative and proven ability to work independently and adapt quickly in handling multiple / evolving tasks as a result of new projects and/or re-prioritized deadlines.
Strong organizational and time management skills, understanding competing priorities, finding opportunities for efficiency in regulatory change process.
Education & Preferred Qualifications
MA/ MSc/ BA/ BS (or equivalent experience) in a related field
Minimum of 6-8 years relevant work experience with risk, compliance, legal or audit functions within the financial services sector preferred, strong knowledge of the IT area and regulation is required
Excellent critical thinking skills
Ability to communicate with and appropriately influence all levels of management
Excellent interpersonal, communication (written and verbal), and presentation skills
Excellent project management and organizational skills
Strong customer focus
We offer
Employee savings plan;
Premium life insurance package;
Gold medical package;
International operating environment;
Language classes;
Soft skills trainings;
Technical workshops;
Development sessions with a mentor;
Diversity of opportunities across a range of challenging and highly complex activities;
Technical or leadership career pathway
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
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