Head of State Street Global Advisors Compliance Australia, VP

Head of State Street Global Advisors Compliance Australia, VP
State Street Global Advisors (SSGA) is a global leader in institutional asset management, entrusted with more than $2.5 trillion in assets. For more than three decades, sophisticated investors worldwide have benefited from our disciplined, precise investment process and powerful global platform offering access to every major asset class, capitalization range and style across the indexing and active spectrums. Our mission, plain and simple, is helping our clients achieve financial security. Since this means something different for each investor, we devote significant time up front to thoroughly understand their specific needs, and then apply our experience and intellectual rigor across a broad toolkit to develop and manage thoughtful, targeted solutions aimed at ensuring their success. The firm employs more than 2,200 people globally in 17 countries, and has nine investment centers across the Americas, Europe and Asia.

SSGA is the investment management arm of State Street Corporation, one of the world's leading providers of financial services to institutions. SSGA's Compliance team of approximately 62 professionals works to ensure that SSGA meets all regulatory requirements globally and is a trusted partner on regulatory and compliance issues. SSGA is currently recruiting a Head of Compliance based in Sydney, Australia for the Asia Pacific Compliance team who reports directly to the Head of Compliance, Asia-Pacific. The Head of Compliance for Australia will lead the Sydney compliance team in the execution of a successful compliance program.

Key Responsibilities include:
  • Foster a culture of compliance that recognizes compliance as an integral part of the business environment and in the achievement of the Firm's strategic goals
  • Advise business personnel on the effectiveness of the design and implementation of business controls in different business lines
  • Develop and implement policies and procedures designed to meet the SSGA's regulatory obligations and industry best practices
  • Support the Sydney office in the execution of its strategic goals and initiatives, including the implementation of globally consistent practices
  • Cultivate positive working relationships with regulatory agencies in Australia and act as the point of contact for the Sydney office
  • Managing key projects from the initiation and planning stages through execution and completion
  • Advise and report to senior management in Australia on compliance matters
  • Report to and assist the Asia-Pacific Head of Compliance in the execution of a successful compliance program
  • Lead and develop a local team of compliance professionals
  • Reviewing and researching applicability of new rules and regulations. Acting as a subject matter expert in regulatory governance, providing insight on industry best practice, and benchmarking
  • Participate in new business or financial product launch, provide compliance advice on different new business initiative/products and conduct suitability review
  • Educating compliance and business personal on applicable compliance-related rules and regulation.
  • Preparing/conducting and presenting annual and periodic compliance program reports/reviews to satisfy client, regulator, and internal management requirements, where applicable

  • Qualifications
  • University degree preferably in Accounting, Business Administration, Finance, Law or a related discipline
  • More than 12 years of experience in compliance for an asset manager with experience working in a global asset management institution
  • Exceptional knowledge of the regulatory environment in Australia in relation to the asset management industry and proven experience dealing with regulators in Australia
  • 5+ years of experience in staff or team management
  • Good knowledge of industry best compliance / regulatory practice and demonstration of pragmatic and solutions driven approach
  • Ability to effectively collaborate with individuals across business units/lines
  • Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines
  • Ability to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution
  • Excellent written and spoken English skills to enable effective verbal and written communication
  • Ability to manage multiple simultaneous tasks in a high pressure, deadline-driven environment
  • Strong abilities in analytical thinking, problem solving, research, time management