Head Of Wealth Program Governance VP

Who we are looking for

State Street is seeking to hire a seasoned financial crimes compliance professional to lead the AML & Sanctions governance and program management function for State Street Wealth Management.

The Vice President will report to the Head of Anti-Money Laundering (AML) and Sanctions for State Street Wealth Management. The role includes ownership, oversight, and ongoing enhancement of a variety of program functions, including but not limited to: Develop, implement, and maintain AML and Sanctions compliance policies, ensuring alignment with regulatory requirements. Establish and oversee governance structures, management reporting, and escalation frameworks. Lead the design and support the execution of the AML and Sanctions risk assessment to identify inherent risk, assess controls, and determine residual risks for State Street Wealth Management. Participate in the review and assessment of new products, services, and business initiatives for AML and Sanctions compliance risks, ensuring alignment with regulatory obligations. Participate in projects related to changes to the AML governance or escalation framework including the design, implementation, and execution of controls to ensure process reliability and ensure comprehensive documentation is up to date. Coordinate regulatory examinations, internal audits, and compliance testing programs to ensure program effectiveness and adherence to policies. Develop, enhance and manage the AML and Sanctions compliance training program. Implement a quality assurance framework to monitor the effectiveness of the compliance program and drive continuous improvement. Manage the monthly reporting on Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs). The ideal candidate should be a strategic thinker with strong communication skills and a track record for successfully designing, implementing, and monitoring financial crimes compliance program frameworks in line with regulatory requirements and industry best practices.

This position is primarily based in Boston. This is a hybrid position. Hybrid employees can alternate time between both remote and office. Employees in hybrid roles are expected to work from the office four days a week.

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

As the Head of Wealth Program Governance, VP you will

• Develop, implement, and maintain global AML and Sanctions compliance policies, ensuring alignment with regulatory requirements.
• Establish and oversee governance structures, management reporting, and escalation frameworks.
• Lead the design and support the execution of the AML and Sanctions risk assessment to identify inherent risk, assess controls, and determine residual risks for State Street Wealth Management.
• Participate in the review and assess new products, services, and business initiatives for AML and Sanctions compliance risks, ensuring alignment with regulatory obligations.
• Participate in projects related to changes to the AML governance or escalation framework including the design, implementation, and execution of controls to ensure process robustness and reliability and ensure comprehensive documentation is up to date.
• Coordinate regulatory examinations, internal audits, and compliance testing programs to ensure program effectiveness and adherence to policies.
• Develop, enhance and manage the AML and Sanctions compliance training for State Street Wealth Management.
• Implement a quality assurance framework to monitor the effectiveness of the compliance program and drive continuous improvement.
• Manage the monthly reporting on Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).

These skills will help you succeed in this role

• Deep understanding of AML and Sanctions, wealth management broker-dealer business, including its regulatory environment, operational processes, and industry best practices
• Strong critical thinking, problem-solving, and decision-making skills, especially in complex regulatory environments
• Proven ability to manage large-scale, multi-location projects and drive cross-functional collaboration
• Excellent communication and stakeholder management skills, with the ability to influence at all levels
• Strategic mindset with a track record of designing, implementing, and enhancing compliance programs for continuous improvement

Education & Preferred Qualifications

• Bachelors degree or equivalent
• 8+ years of Industry-relevant experience within core business line broker- dealer, broker-dealer related operations, or operations risk management experience supporting the broker-dealer industry combined with sound understanding of the BSA/AML regulations either through practical experience in core BSA/AML operational functions or a governance role is required
• 5+ years of prior management experience is required
• Expertise in: Regulatory experience (FINRA/SEC), Transaction risk, Business advisory, Regulatory Requirements, Risk Assessments, Risk Control, Strategic Objectives Compliance Reporting, Customer Risk, Anti-money Laundering/Sanctions Policies and Procedures, Audit and/or Compliance Function, Fraud Management
• Prior Securities licensing is a plus
• Certifications such as the Certified Anti-Money Specialist (CAMS) and other recognized programs are a plus

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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

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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