Director of Broker-Dealer Compliance, Managing Director

Who we are looking for

State Street is seeking an experienced compliance professional to lead compliance efforts for multiple affiliated Broker-Dealers.  The role must maintain and apply current knowledge of FINRA, NYSE, SEC, CFTC, NFA and MSRB rules and regulations. The position is responsible for supporting the business teams in the implementation of all required policies and coordinate with Compliance Leadership Team to ensure adequate compliance coverage of the various Broker-Dealer entities and activities.
 

This role will be the Chief Compliance Officer for State Street’s Broker-Dealers and will assume primary responsibility for assuring broker/dealer compliance with SEC,  FINRA, and state rules/regulations as well as all other federal statutes and trends. The CCO will work in conjunction with the affiliated registered investment advisor’s compliance team. The CCO will evaluate business risk in accordance with policies, goals, and objectives established by the organization. The CCO is also accountable for the design and execution of the compliance program for the broker/dealers and assures that legal and regulatory compliance is maintained at the highest possible level.
 

This role can be performed in a hybrid model, where you can balance work from home (1 day per week) and office (4 days per week) to match your needs and role requirements. The role is based in Boston, MA.

Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. 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:

• Implement and enhance the Compliance Oversight Program in alignment with division methodology addressing all relevant risks and corporate and local requirements.

• Proactively engage with First Line of Defense, control functions (Risk, Legal, Audit and IT) and participate in and provide management oversight on the development of the Compliance Oversight Program in response to changes in regulatory obligations and industry standards and best practices.

• Provide advice to firm’s Registered Representatives regarding applicable securities rules, regulations and firm policies.

• Demonstrate excellent communication skills, both oral and written. Should have the ability and experience to draft clear and professional correspondence, policies and procedures and other documents of both legal and business nature. Must be able to correspond with all senior leadership, regulators and auditors.

• Coordinate with various internal and external constituents to ensure accurate trade and execution reporting to the SEC, FINRA and various SRO’s regarding applicable trade reporting requirements including TRACE, MSRB, and CAT.

These skills will help you succeed in the role:

• Analytical/detail-oriented mindset and a good sense of judgment

• Self-motivated and able to prioritize workflow and work independently

Experience & required qualifications:

• Bachelors Degree or Higher Required.

• Minimum of 10 years’ experience in securities compliance, legal or operations

• Strong knowledge of FINRA, SEC, CFTC and State Securities rules and regulations including CAT, TRACE, MSRB, and Electronic Blue Sheets

• Have an in-depth understanding of evaluating risk and compliance initiatives and determining regulatory compliance risks at a global financial institution

• Knowledge of rules and regulations pertaining to banks or bank holding companies participating in capital markets

• Domestic and International Institutional and Accounts

• DVP/RVP

• Equities, Fixed Income and Futures

• Trading Practice Compliance

• Trade Reporting: CAT, TRACE

• Communicating with Regulators

• Monitoring and surveillance of controls

• Marketing and distribution compliance

• Strong knowledge of securities rules and regulations covering operating procedures

Required registrations

• Series 7 and 24 qualifications

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.

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