Apply Now: FULL TIME Fraud Program Consultant , Assistant Vice

The Global Fraud Program sits within the Financial Crimes Compliance function and is an umbrella program: Fraud controls are predominantly owned and operated by the BU/FLOD (as opposed to the Fraud Program Team) and fraud investigations are carried out by the Global Security New hire will drive the strategic development, and day to day running, of the Global Fraud Program in compliance with legal and regulatory obligations. The goal of this role is to support the Fraud Program – Global Lead based in UK, with all areas of strategic development, and day to day running, of the Fraud Program in compliance with legal and regulatory obligations. Focus areas will adapt in line with program requirements.

This role can be performed in a hybrid model, where you can balance work from home (2 days) and office (3 days) to match your needs and role requirements. We are open to hire in Krakow or Gdansk.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As Fraud Program Consultant AVP, you will:

1) Focus areas will adapt in line with program requirements, and currently include:

• Data analysis and project support work regarding: risk analysis/risk assessment, compliance issues inventory data, controls and regulatory obligations inventory data, and fraud control testing results

• Supporting the Fraud Program’s response to the UK’s Failure to Prevent Fraud Offence

• Supporting administration/coordination of ID theft risk assessment in compliance with the FACT Act

• Day to day advisory work, including RFP/due diligence enquiries and employee queries

• Fraud Risk Community Forum secretariat

• Fraud Policy and Procedure updates, including co-ordination with stakeholders who contribute to changes, and who organise governance

• Enhancing rigors/controls data pertaining to Fraud 

• Assist with preparing fraud related training content

2) Support the Deputy Global Head with regard to:

• Design of the fraud program, and by providing fraud compliance advice, guidance and oversight over fraud risk and controls

• Ownership of Fraud Risk Management Policy

• Design and execution of a holistic fraud risk analysis, taking account of existing assessments relating to fraud

• Development of required learning on fraud, and annual fraud awareness to staff

• Oversight and advice on the design and execution of fraud relating monitoring and testing of FLoD controls

• Design and execution of Fraud Compliance Roadmaps and Project Plans to evidence/support programmatic enhancements to the Fraud Program

3) Assist with the design and execution of the Fraud Program in order that it takes appropriate account of the regulatory requirements and industry best practice.

4) Programmatic Enhancements: Assist the Deputy Global Head in executing the strategic priorities for the Fraud Program. These will be dynamic but may include matters such as:

• Enhancing existing risk assessment methodologies as necessary to comply with regulatory standards

• Furthering partnerships within the FLOD/BUs (Fraud Risk Community) in order to enhance fraud risk related intelligence (for risk analysis/reporting)

• Enhance KRIs relating to Fraud

• Developing/improving fraud data capture, and data reporting in partnership with key stakeholders

• Enhancing fraud risk response protocols

• Addressing fraud as a FinCEN Priority

• Enhancing fraud risk taxonomies for the purposes of fraud risk assessment and the tagging of various components of the compliance program (eg issue identification/regobs and control inventories)

• Working with key stakeholders in relation to fraud controls in State Street’s payment systems

• Enhancing Fraud issues management reporting/management
   

5) Individual contributor:

• Display a culture of individual ownership of tasks to embed a clear individual sense of accountability in performing the role

• Ensure that the highest level of the Code of Conduct is displayed in your behaviour

• Provide appropriate management information as required to support business unit decision making

• Support the ‘Risk Excellence’ culture within the business

• Adhere to  limits of delegation and escalation procedures required by your manager so that you comply with internal policies and external regulations

These skills will help you succeed in the role:

• Proficient in extracting trends/intelligence from detailed datasets/text and presenting the same in clear documented form

• Excellent oral and written capabilities

• Ability to work independently and adapt quickly in handling multiple/evolving tasks

• Ability to produce high quality and/or final work product and solutions under strict regulatory or management deadlines

• Proven interpersonal, communication and presentational skills

• Problem solving, and decision-making skills

• Ability to navigate laws/regulation

Education & preferred qulifications

Educated to degree level, preferably with fraud compliance or related risk management professional certifications. 

• Experience (5+ years) in financial services compliance, ideally with experience in fraud/financial crime, and risk assessment

• Excellent data analysis skills: experienced with excel/PowerBI

We offer

• Employee savings plan;

• Premium life insurance package;

• Gold medical package;

• International operating environment;

• Language classes;

• Soft skills trainings;

• Technical workshops;

• Development sessions with a mentor;

• Diversity of opportunities across a range of challenging and highly complex activities;

• Technical or leadership career pathway

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 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