Financial Crimes Audit, Assistant Vice President

STATE STREET CORPORATION; London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

A leading financial services firm is seeking a Financial Crimes Audit, Assistant Vice President to lead audit engagements in London. This role requires expertise in financial crime risk and the ability to manage complex audit processes, providing leadership and development for audit teams while ensuring compliance and risk management.

Benefits

Employer pension contribution of 9%

Private Medical Insurance

26 days holidays

Long Term Disability Cover

Participation in the State Street bonus scheme

Qualifications

• 5+ years in Public Accounting, Internal Audit, Compliance, or Financial Crimes functions.
• UK AML/Sanctions subject matter expertise required.
• Proficiency in evaluating and testing internal controls.

Responsibilities

• Lead audit engagements focused on financial crime and fraud risk.
• Plan, oversee, and execute audits per risk-based audit methodology.
• Coach and mentor audit staff for ongoing development.

Skills

Leadership

Analytical skills

Interpersonal skills

Communication

Problem solving

Knowledge of financial crime risk

Education

Bachelor’s degree in finance, accounting, or related field

CIA, CAMS, CFE, ICA Diploma in Financial Crime Prevention

Tools

Data analytics

Data visualization

Job description

Who we are looking for

We are looking for a Financial Crimes Audit, Assistant Vice President to lead audit engagements focused on financial crime and fraud risk in the UK. In this role, under the direction of senior audit management, you will oversee individual audit engagements and lead assigned teams through end-to-end audit execution (i.e., planning, assessments, testing and reporting). You will also play a critical role in the ongoing development of audit staff and support various departmental initiatives. This role is based in London, England.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the UK operations as well as support Global audits and projects. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. In your role, 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 a Financial Crimes Audit, Assistant Vice President you will:

• Plan, oversee and execute audits according to the Division’s risk-based audit methodology, other internal standards and industry practices.

• Supervise and direct the execution of risk and control assessments, along with the effective and efficient testing of key controls.

• Review audit workpapers to ensure execution in line with internal standards and that conclusions are properly supported.

• Draft audit reports that clearly communicate overall conclusion, including: key risks, identified issues and their root cause, and impact on overall business strategy.

• Work in partnership with business area management to communicate expectations and manage any project issues that may arise during the audit engagement.

• Escalate potential and identified issues to senior management timely and work with business management to develop and negotiate solutions.

• Establish and maintain strong and effective client relationships with business management across the lines of defense and assist management in understanding and implementing / maintaining internal control principles.

• Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.

• Coach and mentor audit staff as part of their ongoing development.

What we value

These skills will help you succeed in this role

• The ability to manage complexity, effectively prioritize multiple tasks and work independently on non-routine situations and in a face-paced environment.

• A high degree of professionalism with proven history of providing effective leadership to diverse teams.

• Knowledge and understanding of financial crime and fraud risk.

• Excellent analytical, problem resolving, communication (written and verbal), interpersonal, organizational and presentation skills.

• Demonstrated ability to synthesize understanding of business processes into value added feedback on risk and control environment.

• Proven ability to research, interpret and apply regulatory requirements.

• Fluency in English – Written and spoken.

Education & Preferred Qualifications

• 5+ years of experience in in Public Accounting, Internal Audit, Compliance or Financial Crimes functions. UK AML/Sanctions subject matter knowledge required.

• Bachelor’s degree, preferable in finance, accounting or related field.

• One or more industry recognized certification (i.e., CIA, CAMS, CFE, ICA Diploma in Financial Crime Prevention) preferred and the willingness to continue to learn and grow.

• Proficient or knowledgeable in evaluating and testing internal controls and in applying a risk-based audit approach.

• Experience in data analytics and data visualization preferred.

We offer:

Core Benefits:

• Pension: Employer Contribution = 9% of Reference Base Salary. Employees can contribute up to 70% of salary into pension, and up to 100% of bonus. Any voluntary contributions will be topped up with an additional 5% by State Street. Employees impacted by the lifetime allowance or annual allowance rules, can receive their pension value via salary instead (less employer NI costs)

• Private Medical Insurance

• Long Term Disability Cover

• 26 days holidays

• Annual season ticket loan

• Long Term disability

• Life Assurance

• Menopause Support

• Emergency Back-Up Care

• Participation in the State Street bonus scheme
  

Non-Core Benefits:

A large number of benefits are available to be selected during annual enrolment (each April), or as a new joiner via the My Benefits portal. These benefits include:

• Critical Illness insurance (self/ partner)

• Personal Accident insurance (self/ partner)

• Partner life assurance

• Gym membership (anytime benefit)

• Holiday trading

• Dental insurance

• Cycle to work scheme (anytime benefit)

• Travel insurance

• Discounts & cashback portal (anytime benefit)

• Car Salary Sacrifice Scheme (anytime benefit)

• Most benefits are restricted to new joiner and annual enrolment windows, however there are a number of anytime benefits which employees can avail of which are mention above

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