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Head of Regulatory Interactions, Managing Director, Hybrid

Who we are looking for:The Head of Regulatory Interactions is a senior leadership position within State Street's Corporate Compliance Global Regulatory Liaison Office (GRLO). As a part of the GRLO, this role contributes to fostering a positive regulatory culture and promoting proactive interaction with regulatory agencies. The role reports to the Global Head of Regulatory Relations who reports to the Chief Compliance Officer.The Head of Regulatory Interactions is responsible for managing the global regulatory interaction program. In this role you will work closely with the Head of Regulatory Relations to develop and execute the firm's regulatory engagement strategy. This role is highly visible within the organization and involves regular interactions with senior business and functional leaders. You will lead a small team of professionals.This global role requires in-depth experience and understanding of regulatory agencies supervisory process, excellent communication skills and ability to influence a wide variety of stakeholders, including regulators.The role can be performed in a hybrid model, where you can balance work from home and office (four days onsite and one day remote).Preferred Location: Boston (MA) and New York (NY), however we will also consider applicants from Arizona, California, Connecticut, Florida, Kansas, Missouri, New Jersey, North Carolina, Pennsylvania, Texas.What you will be responsible for:• Contributing to the formulation and execution of the regulatory strategy by assessing areas of supervisory focus, monitoring the regulatory landscape, and evaluating regulatory intelligence• Establishing and maintaining a proactive engagement and coverage plan for key regulators globally to facilitate continuous interactions and promote interactions with key stakeholders across the firm• Implementing firmwide regulatory interaction requirements and protocols to manage relationships with regulators, including processes to ensure adherence• Acting as advisor and coach to guide business and functional partners, creating briefing materials and providing credible review in preparation for successful interactions with regulators• Tracking and reporting on interaction quality and cadence, regulatory themes and focus areas across regulatory regimes• Responsible for global collaboration and communication around regulatory themes and focus• Providing oversight and guidance on the quality and sufficiency of regulatory responses and ensuring adherence to enterprise-wide requirementsEducation and Preferred Qualifications:• Minimum of least 14 years of management in financial services experience in any of the following disciplines: Bank Regulator or Examiner, Compliance, Audit or equivalent work experience• Sound understanding of regulatory agency supervisory process and experience working with regulators• Demonstrated effective written and verbal communication skills, including the ability to communicate technical topics in concise terms• Ability to manage multiple projects and deadlines simultaneously• Knowledge and experience associated with Bank products• Bachelor's Degree in Business Administration, Finance or Accounting preferredWhat we offerWide range of benefits, including:• Medical• Prescription Drug• Health Savings Account (HSA)• Flexible Spending Accounts (FSAs)• Dental• Vision• Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance• Employee-Paid Long-Term Disability• Critical Illness Insurance• Accident Insurance & Hospital Indemnity Insurance• Business Travel Accident Insurance• Short-Term Disability• Identity Theft Protection• Legal Benefits• BeWell Programme• Paid Time Off• Employee Assistance Program (EAP)• Salary Savings Program (SSP)Are you the right candidate? Yes!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 StreetWhat 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/careersSalary Range:$170 000 - $267 500 AnnualThe 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.State Street's Speak Up Line
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What You Should Know About Head of Regulatory Interactions, Managing Director, Hybrid, State Street

At State Street, we are looking for a dynamic Head of Regulatory Interactions to take on a senior leadership role in our Corporate Compliance Global Regulatory Liaison Office (GRLO). If you have a knack for fostering a positive regulatory culture and enjoy proactive interaction with regulatory agencies, this position is tailored for you. As the Managing Director in Aliquippa, PA, you will report directly to the Global Head of Regulatory Relations and play a crucial role in shaping our regulatory engagement strategy. With at least 14 years of financial services experience under your belt, including a solid understanding of regulatory agencies’ supervisory processes, you’ll manage our global regulatory interaction program, leading a dedicated team of professionals. You’ll be the go-to advisor for our business partners, helping them navigate their interactions with regulators, and will be instrumental in establishing and maintaining a proactive engagement strategy with key regulatory bodies across the globe. With a hybrid work model allowing flexibility between remote and onsite work, you will be able to balance your professional life effectively. Join us at State Street, where our commitment to innovation and diversity drives our success, and together, we'll continue to set the standard in the financial services industry.

Frequently Asked Questions (FAQs) for Head of Regulatory Interactions, Managing Director, Hybrid Role at State Street
What are the main responsibilities of the Head of Regulatory Interactions at State Street?

The Head of Regulatory Interactions at State Street is primarily responsible for managing the global regulatory interaction program, contributing to the firm’s regulatory engagement strategy, and establishing proactive engagement plans with regulators. This role involves direct communication with senior leaders, advising on interactions with regulatory agencies, and overseeing regulatory response quality.

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What qualifications are needed for the Head of Regulatory Interactions role at State Street?

Candidates for the Head of Regulatory Interactions at State Street should possess at least 14 years of experience in financial services, ideally with a background in compliance, audit, or regulatory affairs. A Bachelor's degree in Business Administration, Finance, or Accounting is preferred along with strong communication skills and a comprehensive understanding of regulatory processes.

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What is the work environment like for the Head of Regulatory Interactions at State Street?

The work environment for the Head of Regulatory Interactions at State Street is supportive and collaborative, promoting a positive regulatory culture. With a hybrid work model, employees can balance their work schedules between the office and home, ensuring flexibility while driving impactful results within a diverse and inclusive team atmosphere.

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How does the Head of Regulatory Interactions contribute to State Street's regulatory strategy?

In the Head of Regulatory Interactions role at State Street, you’ll assess supervisory focuses, monitor the regulatory landscape, and provide insights to shape the firm’s regulatory strategy. This includes tracking interaction quality and guiding business partners in preparation for successful engagements with regulators, thereby promoting compliance and stakeholder relationships.

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What kind of benefits does State Street offer for the Head of Regulatory Interactions position?

State Street provides an extensive benefits package for its Head of Regulatory Interactions role, including comprehensive medical coverage, health savings accounts, employee assistance programs, generous paid time off, and opportunities for professional development, fostering a well-rounded work experience.

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Common Interview Questions for Head of Regulatory Interactions, Managing Director, Hybrid
How do you stay updated on regulatory changes and their implications?

Discuss your methods for staying informed about changes in the regulatory landscape, such as subscribing to industry newsletters, participating in forums, and networking with regulatory agencies to gain insights on upcoming changes.

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Can you describe a time when you had to influence a stakeholder on regulatory matters?

Share a specific example where you successfully influenced a stakeholder, focusing on your communication strategies and the outcome of the situation. Highlight your ability to convey technical topics clearly and persuasively.

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What strategies do you use to build relationships with regulators?

Explain your approach to building rapport with regulators. Discuss proactive engagement methods, fostering open communication, and how you maintain ongoing relationships with key regulatory bodies.

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How do you prioritize your tasks when managing multiple regulatory projects?

Emphasize your organizational skills and the tools or methodologies you use to prioritize tasks effectively, ensuring deadlines are met while maintaining the quality of regulatory engagements and responses.

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What are the key metrics you would track to measure the effectiveness of regulatory interactions?

Identify metrics such as interaction quality, frequency of meetings with regulatory agencies, and feedback from regulators. Discuss how you would use these metrics to improve future interactions and strategy.

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How would you handle a situation where your regulatory advice is disregarded?

Address this by demonstrating your conflict resolution skills. Discuss how you would re-approach the conversation, emphasizing best practices and the importance of compliance to the overall business strategy.

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What experience do you have working with cross-functional teams?

Detail your previous experiences collaborating with different teams and how you ensured alignment in regulatory objectives, showcasing your teamwork and leadership skills.

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Can you explain your understanding of the regulatory environment affecting State Street?

Provide an overview of the current regulatory landscape impacting financial services, emphasizing your knowledge of specific regulations relevant to State Street and how they influence strategic decisions.

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What challenges do you foresee in this role as Head of Regulatory Interactions?

Discuss potential challenges such as changing regulations, managing diverse stakeholder expectations, or ensuring compliance across global operations, and how you plan to address these challenges proactively.

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Why do you believe diversity and inclusion are important in regulatory interactions?

Express your understanding of how diverse perspectives enhance regulatory compliance and decision-making, and discuss your commitment to fostering an inclusive environment that values varied experiences.

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At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...

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Full-time, hybrid
DATE POSTED
December 23, 2024

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