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UK Regulatory Liaison & SMRO Officer, Assistant Vice President

State Street Corporation
London, United Kingdom
Closing date
Apr 7, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
With immediate effect we are looking for UK Regulatory Liaison & SMRO Officer, Assistant Vice President to join State Street Bank &Trust branch in London. As a member of UK Corporate Compliance team, this role will focus on supporting both the head of UK Regulatory Liaison and the Senior Management Regime Office. The main focus of the role is to assist with the management of all regulatory requests from the UK regulators, liaising with stakeholders across the bank to assist with deliverables along with administration of the Senior Manager Regime. The role will also assist in the production and collation of monthly MI that will form part of the Compliance Risk Reporting to the UK Conduct and Compliance Committee and other committees and forums as necessary.
This role can be performed in a hybrid model, where you can balance work from home and office (3 days per week) 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 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 UK Regulatory Liaison & SMRO Officer you will
  • Assist with the management of regulatory exams and deliverables
  • Attend regulatory meetings to take minutes of key themes and actions
  • Manage the regulatory deliverable tracker
  • Upload information to the Regulatory Reporting System as per Compliance Regulatory Liaison procedures, where required
  • Prepare regular reporting to forums such as the UK Conduct and Compliance Committee (UK CCC)
  • Manage and execute the non-financial regulatory reporting for in scope UK entity reporting, via RegData/BEEDS, including responsibility for updating the associated desk procedures, as required
  • Manage the Risk Mitigation Plan (RMP) process, to include, maintenance of the RMP Master Tracker, pursue monthly updates on RMP progress for reporting to the UK CCC

Typical SMRO activity for this role will include:
  • Administration duties around the ongoing maintenance of Management Responsibilities Maps, and Individual Statements of Responsibility.
  • Administration of the Certification Regime including the SMF & Certification register
  • Monitoring and recording the branches' performance of their annual obligation under the Certification Regime and adherence to the regime (fit and proper assessment)
  • Establish, coordinate and produce information and reporting via MI, dashboards, etc. highlighting areas of risk and non-compliance to evidence adherence to the SM&CR and associated conduct rules
  • Manage and control the Training framework to achieve consistency in knowledge and application of SM&CR regulatory obligations; ensuring all SMFs and Certified staff are trained on the Conduct rules
  • Administer the SMR Office tools / systems
  • Work with other compliance teams and HR to ensure relevant controls are in place and being adhered to, so record keeping is accurate and key processes followed

Individual Contributor will:
  • Support and encourage the culture of 'Risk Excellence' across the business and operate with a high moral code
  • Provide appropriate management information as required to support decision making
  • Ensure that the highest level of the Code of Conduct is displayed in your behaviour
  • Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role
  • 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
  • These skills will help you succeed in this role
  • Attention to detail / analytical skills
  • Stakeholder management / effective influencing
  • Good communication skills
  • Teamwork
  • Ability to work in a pressurized environment

Education & Preferred Qualifications
  • Degree qualified, or of graduate calibre, or hold relevant Compliance Qualifications, or have appropriate experience for the role.
  • Experience in a Regulatory environment in financial services or experience gained in monitoring or advisory compliance is preferable.
  • Knowledge of the FCA and PRA rulebooks and regulatory expectation in the UK and awareness of some other global regulatory expectations.
  • Knowledge of UK financial services regulatory landscape - with ability to explain SM&CR requirements to others and understand its application to different business models
  • Proven business analysis skills (data integration and manipulate) and experience of project management.
  • Demonstrated strong ability to map process flows and determine effective controls to mitigate risks

We offer
Core Benefits:
  • Non-contributory pension scheme (we will pay 6% into your pension if you are 30 and 9% if you are 30+. The pension does not require a contribution from you).
  • Private Medical Insurance - Single person Private Medical Insurance with AXA paid for by State Street.
  • Long Term Disability Cover
  • 26 days holidays at Officer level or after 3, 4, 5 years' service increasing a day a year
  • One additional day in lieu for birthdays
  • Annual season ticket loan
  • Long Term disability and Life Assurance.
  • Employee Assistance Programme
  • Participation in the State Street bonus scheme

Non-Core Benefits:
  • Travel Insurance
  • Critical Illness cover
  • Dental Insurance
  • Personal Accident Cover
  • Childcare Vouchers
  • Holiday Buy/Sell scheme

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.

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