Job Description:
State Street Brazil Banco Comercial seeks a strategic, seasoned leader with deep expertise in compliance and financial crimes to join our Compliance Department as Chief Compliance Officer. The ideal candidate is intellectually curious, risk-aware, and capable of navigating complex regulatory environments. They will have a proven ability to build trust across senior leadership while maintaining the independence and rigor essential to effective second line of defense responsibilities.
State Street Brazil Banco Comercial engages in a variety of capital markets business activities, including sales and trading in foreign exchange markets , and serves as the hub for our presence in Latin America and the Caribbean (LatAm). The Chief Compliance Officer will be part of Markets Compliance team -
The position is for a self-motivated Compliance Officer with technical aptitude providing regulatory and compliance oversight as part of the Global Compliance team. The candidate will play a fundamental role in handling a wide variety of compliance-related matters, including working closely with the Senior Compliance Officers in designing and implementing global and local compliance controls processes and procedures, executing compliance risk assessments, and reporting compliance health to the appropriate governing bodies.
This position will be based in São Paulo, Brazil.
Key responsibilities:
- Represent the compliance function in board meetings, supervisory committees, and regulatory forums.
- Develop and implement a regional compliance strategy aligned with global standards and local regulatory requirements
- Serve as the primary liaison with local regulatory bodies across Brazil Central Bank and LATAM jurisdictions.
- Serve as Statutory Director responsible for various roles
- Maintain and update the compliance policy framework, ensuring integration with global compliance structures.
- Understand the local implementation of anti-money laundering (AML) and counter-terrorism financing (CTF) frameworks.
- Support the Senior Compliance Officer in executing compliance framework to ensure the legal entity meets its legal and regulatory obligations in Brazil and LatAm, including program health assessments, compliance risk controls testing, and governance reporting
- Escalate to Senior Compliance Officer and monitor product launches and/or changes in business models in SSBC and LatAm to ensure that local regulatory programs reflect such developments and their accompanying legal requirements
- Help risk owners of regulatory obligations in other teams understand the obligations and standards expected by regulators to build scalable mechanisms and controls
- Consult with the business to develop corrective action plans and effectively manage change to ensure the development of adequate processes and procedures
- Helps to foster a positive culture of compliance by working proactively with the Business, Operations, Risk and Controls functions, and other Compliance professionals to ensure that best practices and systems are in place to facilitate SSBC and LatAm business growth and the overall success in accordance with applicable laws, rules, regulations and internal policy.
- Provide project management support on compliance-related projects and initiatives, as requested, to ensure they progress toward a common goal in alignment with agreed timelines.
- Promote a strong compliance culture through training, awareness programs, and proactive engagement with business units.
- Ensure independence of the compliance function and access to all necessary information and systems.
- Lead and mentor your team of compliance professionals and across multiple countries when necessary.
Qualifications and Skills
· At least 15 years of experience with Regulatory Compliance and equivalent experience
· Bachelor’s degree in business, audit, finance, law (or related field) or equivalent experience
· Interpersonal, organizational, communications, analytical and project management skills
· Understanding of markets, banking and securities services, products and operations and associated laws, regulations and regulatory agencies related to assigned areas
· Advanced Microsoft Office Skills
· Experience executing on compliance, risk & anti money laundering controls initiatives
· Comfort in interpreting legal guidance (with the support of the Legal team) and turning these into operational policies and solutions
· Ability to work efficiently and independently in a fast-paced environment
· An effective and relatable “culture of compliance” mentality
· Fluent in English, Portuguese and Spanish
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.