Chief Compliance Officer and MLRO Vice President

About the Role

State Street is seeking a Chief Compliance Officer and MLRO Vice President to manage the Compliance and Financial Crimes programmes for State Street Saudi Arabia Financial Services (SSSAFS). This full-time position is based in Riyadh, Saudi Arabia, and requires a Saudi National in accordance with the Saudi Nationalization Scheme. The role involves providing Compliance advisory support to SSSAFS business units, with a preference for candidates experienced in international capital market institutions and possessing extensive knowledge of Capital Market Authority (CMA) regulatory requirements.

Role Context and Importance

This role is integral to the organization's success, supporting institutional investors globally in managing risk, addressing challenges, and enhancing performance. The Chief Compliance Officer and MLRO will contribute to building resilience and ensuring the execution of daily deliverables, navigating regulatory landscapes for the organization and its employees. The position focuses on delivering straightforward and scalable solutions within the financial services industry.

Key Responsibilities

• Manage the assessment of Compliance and Financial Crimes risks.
• Execute and deliver the regulatory compliance oversight programme for SSSAFS, ensuring adherence to Capital Market Authority (CMA) rules.
• Develop and maintain relationships with SSSAFS business units, providing advisory support for regulatory queries and resolving Compliance issues promptly.
• Consult, advise, and support management on compliance and regulatory matters impacting business decisions and duties.
• Represent Compliance and Financial Crimes in governance committees and forums.
• Produce written reports for Senior Management on Compliance risk opinions and the delivery of Compliance and Financial Crimes programmes for SSSAFS, highlighting progress and significant matters.
• Identify training needs and ensure successful implementation of Compliance and Financial Crimes training for relevant SSSAFS staff, coordinating with other locations for consistency.
• Ensure effective management of the local Compliance policy framework, including reviewing regional/global policies and communicating key requirements to staff.
• Stay informed of regulatory and legislative updates, analyze new and current regulations, and provide feedback to peers and business stakeholders.
• Contribute to SSSAFS strategic initiatives by providing expertise on specific regulatory and compliance risks.
• Foster relationships and manage interactions with the CMA, including regulatory inspections, licenses, registered individual applications, and reporting.

Qualifications and Experience

• 5-10 years of experience in a Compliance professional and Money Laundering Reporting Officer (MLRO) role.
• Extensive knowledge of Capital Market Authority (CMA) regulatory requirements and products offered through SSSAFS is preferred.
• Experience working in an international capital market institution is preferred.
• This role requires a Saudi National.

Valued Skills

• Risk management capabilities.
• Ability to influence others effectively.
• Strong decision-making skills.
• High attention to detail.
• Demonstrated teamwork abilities.

About State Street

State Street supports institutional investors globally in managing risk, responding to challenges, and driving performance. The company prioritizes client needs and relies on engaged employees for continued success. State Street is committed to fostering an inclusive environment where employees are valued and empowered to achieve their full potential. As an Equal Opportunity Employer, State Street considers all qualified applicants without regard to various protected characteristics.