Chief Compliance Officer and MLRO Vice President

About the Role

State Street Corporation is seeking an experienced Compliance professional and Money Laundering Reporting Officer (MLRO) to manage the Compliance and Financial Crimes programmes for State Street Saudi Arabia Financial Services (SSSAFS). This full-time Vice President role involves providing Compliance advisory support to SSSAFS business units and requires a Saudi National in accordance with the Saudi Nationalization Scheme. The ideal candidate will possess extensive knowledge of Capital Market Authority (CMA) regulatory requirements and the products offered through SSSAFS.

Role Context and Importance

This position is integral to the organization's success, supporting institutional investors globally in managing risk and driving performance. The Chief Compliance Officer and MLRO will contribute to building resilience and ensuring the execution of daily deliverables by navigating regulatory landscapes and supporting the organization's overall compliance framework. The role 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 ensuring timely resolution of Compliance issues.
• Consult, advise, and support management on compliance and regulatory matters impacting business decisions and duties.
• Act as the Compliance and Financial Crimes representative 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 review, input to regional/global policies, and communication of key requirements to staff.
• Stay informed of regulatory and legislative updates, analyze and interpret new and current regulations, and provide feedback to peers and business stakeholders.
• Play an active role in SSSAFS strategic initiatives, offering expertise on specific regulatory and compliance risks related to projects.
• Foster relationships and manage ongoing interactions with the CMA, including regulatory inspections, licensing, registered individual applications, and reporting.

Qualifications and Requirements

• Educated to degree level.
• Mandatory CMA certificates: CME 1 and CME 2.
• Working knowledge of SSSAFS business products and CMA regulatory requirements.
• Minimum of 8 years of related experience, including previous experience managing staff.
• Experience working in an international capital market institution is preferred.

Work Environment

This role operates within a global institutional investment environment, requiring collaboration with various teams to manage risk and ensure compliance across the organization. The position is full-time and is based in Saudi Arabia, requiring a Saudi National for this opportunity.