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Compliance Risk Assessment and Monitoring Specialist m/f/d, Assistant Vice President, Hybrid

  • Job
    Full-time
    Mid & Senior Level
  • Munich, +1
    Remote
  • Quick Apply

AI generated summary

  • You need 3-5 years in risk/control in finance, experience with compliance risk assessments, knowledge of European/German regulations, a relevant degree, fluency in English (German a plus), and proficiency in MS Office.
  • You will enhance compliance risk assessment methodologies, support risk assessment cycles, analyze data, produce reports, and maintain connections between risk assessment and monitoring plans.

Requirements

  • Previous experience in a risk or control function within the financial industry.
  • Conducted or designed risk assessments or compliance risk monitoring plans.
  • Familiar with European and German regulatory requirements applicable to compliance risk assessment and risk monitoring and testing or have a background in audit within the German or European context.
  • Completed university degree in a related discipline.
  • Three to five years of experience in a related field (e.g., financial services, banking, consulting, audit).
  • Relevant experience in a risk or control function of a highly regulated, international firm.
  • Fluency in English is required.
  • German fluency is an advantage.
  • Experience in risk assessment methodologies, tools and techniques.
  • Proficiency in PowerPoint, Excel and Word.
  • LEAN, Agile, Six Sigma certifications a plus.
  • Relevant professional certifications (e.g., CIA, CPA, ACCA, CISA, CFE, statutory auditor etc.) a plus.

Responsibilities

  • Own and continually enhance the methodology and related procedures for Compliance Risk Assessment and the Compliance Risk Monitoring and Testing plan
  • Act as a Compliance Risk Assessment coordinator for the SSBI Head of Compliance, providing robust support during the risk assessment cycles and producing reporting on risk assessment activities to the appropriate governance committees
  • Own and continually enhance methodologies and procedures related to the multi-year compliance risk monitoring and testing plan, in close partnership with our Compliance Advisory and dedicated compliance risk testing team in Poland
  • Facilitate regular and ad hoc updates of the compliance risk assessment and provide summary reporting to management
  • Utilise internal dashboards to source quantitative Risk Assessment data (e.g. findings, controls etc.) to complete the semi-annual refresh
  • Support the SSBI Head of Compliance by providing feedback to relevant risk assessments performed by other functions
  • Know and understand the firm’s top risk areas, understand how they manifest and help ensure they are robustly and accurately assessed
  • Maintain a strong connection and feedback loop between the risk assessment and the risk monitoring and testing plan

FAQs

What is the job title for this position?

The job title is Compliance Risk Assessment and Monitoring Specialist, Assistant Vice President.

Where is this position based?

This position is based in Munich or Frankfurt, Germany.

Who will this role report to?

This role will report directly to the head of SSBI Compliance Methodology.

What are the main responsibilities of this role?

The main responsibilities include designing and enhancing methodologies for Compliance Risk Assessment and Compliance Monitoring, coordinating risk assessment execution, analyzing results, and preparing reports for senior-level risk committees.

What qualifications are preferred for this position?

Preferred qualifications include a completed university degree in a related discipline, three to five years of experience in a related field, relevant experience in a risk or control function, and fluency in English (German fluency is an advantage).

What skills are necessary to succeed in this role?

Necessary skills include strong analytical and problem-solving skills, effective communication and organizational skills, knowledge of risk assessments and control frameworks, and the ability to collaborate with compliance and business partners.

Is fluency in languages other than English required?

Fluency in English is required, and German fluency is considered an advantage.

What experience is required related to compliance risk assessment?

The ideal candidate should have previous experience in a risk or control function within the financial industry, including conducting or designing risk assessments or compliance risk monitoring plans.

What professional certifications are considered a plus for this position?

Relevant professional certifications such as CIA, CPA, ACCA, CISA, CFE, or statutory auditor qualifications are considered a plus.

Does State Street offer professional development opportunities?

Yes, State Street offers personal development possibilities and an extensive web-based training catalogue.

Is there a mentoring program available for employees?

Yes, there is a mentoring program available for employees.

What are the working hours for this position?

Depending on the legal entity, the working hours are either 37.5 or 40 hours per week.

Are there any health and wellbeing programs available?

Yes, there are wellbeing and health programs available, including an anonymous Employee Assistance Program and PME Family Service.

How does State Street view diversity and inclusion?

State Street believes that diverse backgrounds, experiences, and perspectives contribute to creating an inclusive environment where everyone can thrive.

What is State Street's commitment to social responsibility?

State Street is actively engaged with communities worldwide, offering programs for paid volunteer days, matching gifts, and access to employee networks to help employees stay connected to important causes.

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
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Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.