State Street Markets
A senior leadership position responsible for overseeing regulatory compliance across State Street’s Markets operations in the UK. This role ensures the development and execution of a robust compliance oversight framework covering multi-asset agency and principal trading desks, regulated trading venues, securities financing, and other financial services activities such as research and treasury. Key responsibilities include:-
- Lead a team of experienced compliance professionals, providing strategic direction and oversight to ensure full adherence to applicable laws, regulations, and internal policies. Align UK compliance initiatives with global objectives and execution strategies.
- Serve as the primary liaison with the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for UK Markets operations. Manage regulatory relationships, attend supervisory meetings, respond to inquiries, submit required notifications, and support regulatory examinations.
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Represent Compliance at key UK and legal entity governance forums, including those focused on markets operations (e.g., credit and market risk) and compliance risk management (e.g., conduct and culture).
- Advise and support UK leadership in meeting their obligations under the Senior Managers & Certification Regime (SM&CR). Provide strategic compliance guidance on operating, scaling, and managing business activities in line with regulatory expectations.
- Identify, assess, and escalate compliance risks related to UK market operations. Develop and maintain tailored policies, procedures, training, and controls. Act as an escalation point for potential breaches of policy, law, or regulation, and lead investigations and resolution efforts as needed.
- Work closely with Legal, Risk, and Internal Audit teams to manage regulatory risk in accordance with the three lines of defense model and the firm’s compliance risk management framework.
- Provide regular updates to Senior Management Functions and the UK Board on compliance matters, including risk assessments, breaches, and remediation efforts.