Fraud Program - Global Lead, Vice President, Hybrid

Who we are looking for

The Global Fraud Program sits within the Financial Crimes Compliance function and is an umbrella program: Fraud controls are predominantly owned and operated by the BU/FLOD (as opposed to the Fraud Program Team) and fraud investigations are carried out by the Global Security New hire will drive the strategic development, and day to day running, of the Global Fraud Program in compliance with legal and regulatory obligations. Key focus areas include: risk assessment, governance and reporting, staff training, regulatory and legal compliance, operating as a senior contact/interface for the Fraud Program in governance committees and related forums, including chair of the Fraud Risk Community Forum.

This role can be performed in a hybrid model, where you can balance work from home (2 days) and office (3 days) to match your needs and role requirements. We are open to hire in London or Edinburgh.

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 Global Head Fraud Program, VP, you will:

1) Support the Global Head of Fraud by overseeing, and providing fraud compliance advice, guidance and oversight over fraud risk and controls through:

• Ownership of Fraud Risk Management Policy
• Design and execution of a holistic fraud risk analysis, taking account of CCRA and RCSA assessments relating to fraud
• Development of required learning on fraud, and annual fraud awareness to staff
• Oversight and advice on the design and execution of fraud relating monitoring and testing of FLoD controls
• Design and execution of Fraud Compliance Roadmaps and Project Plans to evidence/support programmatic enhancements to the Fraud Program

2) Provide advice and direction to the Global Head of Fraud on the design and execution of the Fraud Program in order that it takes appropriate account of the regulatory requirements and industry best practice.

3) Take a leadership role in industry forums and collaborate with Fraud professionals outside State Street to address common challenges or changes in regulation.

4) Assist the Global Head of Fraud in executing the strategic priorities for the Fraud Program. These will be dynamic but may include matters such as:

• Enhancing existing risk assessment methodologies as necessary to comply with regulatory standards
• Furthering partnerships within the FLOD/BUs (Fraud Risk Community) in order to enhance fraud risk related intelligence (for risk analysis/reporting)
• Enhance KRIs relating to Fraud
• Developing/improving fraud data capture, and data reporting in partnership with key stakeholders
• Enhancing fraud risk response protocols
• Addressing fraud as a FinCEN Priority
• Enhancing fraud risk taxonomies for the purposes of fraud risk assessment and the tagging of various components of the compliance program (e.g. issue identification/regobs and control inventories)
• Working with key stakeholders in relation to fraud controls in State Street’s payment systems
• Enhancing Fraud issues management reporting/management

5) Manage x1 AVP Global Fraud Team member, who will assist with the delivery of all Fraud related work. Focus areas will include:

• Data analysis and project support work to support: risk analysis (CCRA and RCSA risk assessment results), Archer reporting data, Control and Regob inventory data, Fraud CRT data
• Day to day RFP/due diligence enquiries
• Fraud Risk Community Forum secretariat
• Fraud Policy and Procedure updates, including co-ordination with stakeholders who contribute to changes, and who organise governance
• Administration/coordination of ID theft risk assessment in compliance with the FACT Act
• Enhancing regobs/controls data pertaining to Fraud

6) As Individual contributor

• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
• Ensure that the highest level of the Code of Conduct is displayed in your behaviour
• Provide appropriate management information as required to support business unit decision making
• Support the ‘Risk Excellence’ culture within the business
• Adhere to limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

What we value

• Competency in addressing issues at senior management levels
• Ability to develop business relationships within and outside of the organization
• Proven interpersonal, communication, project management and leadership skills
• Demonstrated problem solving, managerial and decision-making skills
• Ability to work independently and adapt quickly in handling multiple/evolving tasks as a result of new engagements and/or re-prioritized deadlines
• Ability to influence and build consensus
• Excellent oral and written capabilities with desire to actively participate in industry events and assist with the development of policies
• Capable of building, developing, motivating and leading a high-performing team
• Ability to produce high quality and/or final work product and solutions under strict regulatory or management deadlines

Education & Preferred Qualifications

• Educated to degree level, preferably in law or related discipline, ideally with prior professional qualification as a lawyer, or accountant dealing with fraud compliance matters / litigation.
• Extensive experience (9+ years) in global financial crime risk assessment; financial crime risk assessment methodology, and financial crimes compliance generally
• Experience leading critical financial crime compliance projects in response to regulatory findings
• Experience of multinational laws, regulations and legislative and regulatory processes/expectations relating to fraud and other financial crimes
• Ability to build trusted partnerships with key members of the Fraud Risk Community (across the SLOD and FLOD) in furtherance of the development of the Global Fraud Program
• Ability to administer risk assessment program enhancements with internal stakeholders and, if required, external consultants
• Experience in managing teams

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 fulfill 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.

End Date: April 27, 2025

For further information, and to apply, please visit our website via the “Apply” button below.