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SSBI Head of ESG Compliance, Managing Director m/f/d

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State Street

2mo ago

  • Job
    Full-time
    Senior Level
  • Legal
    Sustainability
  • Quick Apply

AI generated summary

  • You need strong compliance experience, ESG regulation knowledge, excellent communication skills, project management expertise, and a high degree of initiative with 6-8 years in financial services.
  • You will manage ESG compliance by advising on regulations, integrating ESG into risk management, designing sustainable finance products, and supporting policy development and monitoring activities.

Requirements

  • A solid background in Compliance, Audit and/or Business Control function(s) with expertise in ESG regulation, compliance risk management and monitoring/testing within the financial services.
  • Strong critical thinking, interpersonal and presentation skills.
  • Ability to communicate with and appropriately influence all levels within the organisation.
  • High degree of initiative and proven ability to work independently and adapt quickly in handling multiple / evolving tasks as a result of new projects and/or re-prioritized deadlines.
  • Strong organizational and time management skills, understanding competing priorities, finding opportunities for efficiency in regulatory change process.
  • MA/ MSc/ BA/ BS (or equivalent experience) in a related field.
  • Minimum of 6-8 years relevant work experience with risk, compliance, legal or audit functions within the financial services sector preferred, strong knowledge of the IT area and regulation is required.
  • Excellent critical thinking skills.
  • Ability to communicate with and appropriately influence all levels of management.
  • Excellent interpersonal, communication (written and verbal), and presentation skills.
  • Excellent project management and organizational skills.
  • Strong customer focus.

Responsibilities

  • As an ESG Compliance Specialist, you will
  • Support the maintenance of a comprehensive regulatory database, including processes to identify and integrate emerging ESG regulations.
  • Advise on applicable regulatory requirements as well as regulators’ expectations in respect of the following activities:
  • Integration of ESG considerations into third-party risk management, supply chain, and procurement relationship and activities.
  • Assessment of ESG risks in relation to customer acceptance, and onboarding and gathering data and information to support assessment of ESG risks.
  • Integration of ESG assessments into business decisions, including lending and credit risk due diligence, investment activities, and funding as appropriate.
  • Integration of ESG considerations into other risk assessments to ensure that decision-making takes into account all relevant risks.
  • Design of sustainable finance products to meet market demand and assessment of marketing activities to avoid accusations of greenwashing.
  • Provide interpretative guidance to business partners and risk owners in the adaptation of internal policies and procedures to ESG regulatory changes.
  • Execute monitoring and testing activities to identify control deficiencies and recommend risk mitigation actions.
  • Support ESG regulatory risk assessments and in the evaluation of ESG-related regulatory risks in products and services governance frameworks (e.g. NBPRA)
  • Identify/advise on ESG regulatory obligations in relation to third-party arrangements (e.g. ORADs)
  • Advise on interpretation of regulatory requirements in relation to ESG disclosures.
  • Work in conjunction with other Compliance team members to resolve ESG regulatory issues and ensure accuracy of accountabilities, and adherence to all policies/regulations/guidelines.
  • Maintain and continuously develop knowledge around ESG regulatory obligations and industry best practices, SSBI businesses, products and services, and key technology in use by the business units.
  • Support Compliance management and colleagues in the development, implementation, reviews and revisions of Compliance manuals, policies and procedures.
  • Liaise with Compliance colleagues globally to share and complete deliverables.

FAQs

Do we support remote work?

Yes, we do support remote work in a hybrid format.

What is the role of the SSBI Head of ESG Compliance?

The role involves overseeing compliance with ESG-related regulatory obligations, supporting the development of standards and guidelines for ESG governance, and helping stakeholders navigate ESG challenges.

What kind of experience is required for this position?

A minimum of 6-8 years of relevant work experience in risk, compliance, legal, or audit functions within the financial services sector is preferred, with a strong knowledge of ESG regulations.

What educational background is preferred for this job?

An MA/MSc/BA/BS (or equivalent experience) in a related field is preferred.

What are the key responsibilities of the ESG Compliance Specialist?

Responsibilities include maintaining a regulatory database, advising on ESG regulatory requirements, integrating ESG considerations into business decisions, and providing guidance on ESG disclosures.

Is there an emphasis on professional development in this role?

Yes, there are personal development possibilities and an extensive web-based training catalog available.

What benefits do we offer to employees?

We offer flexible working hours, pension plans, wellbeing programs, regular performance reviews, free language classes, and a diverse working environment, among other benefits.

How important is ESG compliance in this role?

ESG compliance is critical, as EU financial regulators expect banks to adhere to strengthened sustainability and regulatory requirements, making it a key aspect of the position.

Will I have opportunities to collaborate with global compliance colleagues?

Yes, the role involves liaising with compliance colleagues globally to share and complete deliverables.

What skills are essential for success in this position?

Critical thinking, strong communication skills, the ability to influence different levels within the organization, and strong organizational skills are essential for success in this role.

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