Compliance Analyst, Officer, Hybrid at State Street in Boston, Massachusetts

Job Description:

Who we are looking for

SSGA's Advisory Compliance team works to ensure that SSGA meets all regulatory requirements globally and is a trusted partner for clients on regulatory and compliance issues. The Analyst will be responsible for providing assistance in the execution and oversight of SSGA's regulatory compliance activities.

The role will be performed in Boston, MA (4 days onsite, 1 day remote).

Why this role is important to us

State Street Global Advisors ("SSGA") is the asset management business of State Street Corporation, one of the world's leading providers of financial services to institutional investors, with a heritage dating back over two centuries. The SSGA Compliance team works to ensure that SSGA meets all regulatory requirements globally and is a trusted partner for clients on regulatory and compliance issues. This role is within the SSGA North America Compliance team in Boston.

What you will be responsible for

As a Compliance Analyst, Officer you will:

• Performance of periodic due diligence activities on investment advisors and other third party service providers, such as the review of due diligence questionnaires and certifications, periodic calls and on-site due diligence visits.


• Review information provided by third parties, identify and escalate material issues.


• Critically analyze findings for materiality, trends, and significant process design and operating deficiencies.


• Communicate findings from oversight activities to the Adviser CCO and Registered Funds CCO or pertinent Committees via summary memorandum or reporting.


• Monitor for regulatory changes and work with the business to determine if modifications to the control environment are required.


• Assist in supporting the SSGA Sales Practices compliance program, including reviewing firm advertising and sales literature, developing and communicating firm policies around social media usage, electronic communications and mobile device usage, working on other sales-related compliance projects.


• Help ensure that firm record keeping applications and controls remain robust and adequately meet regulatory requirements.


• Manage and respond to regulatory examinations and inquiries.


• Prepare semi-annual compliance risk assessments for U.S. legal entities.


• Identify, evaluate and test controls that support various regulatory requirements.


• Provide quarterly reporting to the various boards of trustees and legal entity boards.


• Collaborate with internal departments on strategic initiatives and product launches.


• Perform compliance oversight activities related to SSGA's real estate and alternatives investment business.

• Bachelor's degree


• Post-Graduate degree and/or 2 to 4 years of relevant experience


• Knowledge of the Investment Advisers Act of 1940 and the Investment Company Act of 1940


• Knowledge of other U.S. and non-U.S. regulatory statutes is a plus


• Proficient in Microsoft Word and PowerPoint and basic skills in Microsoft Access and Excel

These skills will help you succeed in this role

• Strong analytical, reading and writing skills with an acute attention to detail a must


• Capable of producing high quality and/or final work product and solutions in a rapidly changing environment with tight deadlines, including the skill to prioritize and allocate projects and workflow to ensure timely and accurate delivery


• Ability to maintain sensitive information


• Ability to work both independently and collaboratively

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 fulfil 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.

Discover more at StateStreet.com/careers

Salary Range:
$65 000 - $102 500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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