SVP, Head of US Regulatory Legal

SVP, Head Of Us Regulatory LegalThe SVP Head of US Regulatory Legal reports to the Head of Corporate and Regulatory Legal and is responsible for legal advice and counseling senior management in respect of US banking and related compliance laws and regulations and representing the State Street group regulatory posture with its principal regulators, the Federal Reserve and Mass Division of Banks, and other US supervisory agencies (e.g. the FDIC, OCC and other state banking authorities). Due to the extraterritorial reach of State Street's US regulators, this is a global role. The role advises senior executives in State Street's enterprise-wide Compliance, ERM, Finance (including Treasury, Regulatory Reporting and Strategy) divisions and all business units and legal entities on the application of US bank regulatory laws and regulations within the US and internationally.The role will have managerial responsibility for approximately 10 experienced regulatory lawyers based in the US. The role is accountable for collaborating with senior leadership and other professionals within the Legal Department, including legal, public policy, corporate secretarial and security professionals. The role requires a heightened sensitivity to State Street's status as a G-SIB, the associated regulatory expectations and standards and the evolving regulatory environment.Key Responsibilities include:Legal advice and proactive and preventative counseling on:Laws and regulations relating to capital and liquidity for State Street as applied by senior leadership of the Finance division, including Treasury and Reg Reporting; specifically capital adequacy, capital distributions/contributions, CCAR, TLAC, liquidity stress testing, SLR, LCR and NSFRFederal Reserve alphabet and other core requirements (e.g. regs H, K, O, R, U, W, Y and YY), including enhanced prudential standards, risk management framework, SCCL Volcker and management interlocksMassachusetts state banking laws and regulationsInternal restructurings and external M&A and investment/JV activity in collaboration with business units, corporate, business unit and international legal teams, corporate strategy team; regulatory strategy, contractual provisions, preparation/management of regulatory applications; and on control determinations (including related implications)New and evolving potential product opportunities (e.g. Fintech and alternative investments), including permissibility analyses and new product evaluationsEdge Act compliance, including SSIH (State Street's Edge Act subsidiary), licensing and permissibility of State Street presences within North America, including with respect to State Street's national banks, and permissibility of employee movementsAnti-money laundering, Sanctions, Financial CrimesCentral compliance programs, including regulatory change, ethics, privacy, Edge Act, Community Reinvestment Act, tax-advantaged investments, confidential supervisory information, ESG, anti-tying, anti-boycott, political law and lobbying, compliance policy reviewsSupervisory examinations and inspections and associated regulatory correspondence, including the annual status review and confidential mattersSupporting Public Policy team on developing policy responses on rulemaking, including G-SIB regulationEmerging regulatory changes, identifying material trends, ensuring awareness amongst relevant stakeholders and escalating applicable risk issuesStrategically foster and maintain effective relationships with US federal and state regulatorsDevelop relationships with peers within the financial services industry, at other GSIBs, with internal counsel at regulatory bodies, and represent State Street in senior industry regulatory forumsServe on applicable company-wide committees as requestedEnsure timely reporting of relevant risks, developments and events to Legal Department senior leadershipLeadership and management of a team of approximately 10 lawyers, promoting communication and collaboration within the Legal Department and with other corporate functions and business lines and ensuring that there are clear lines of reporting and escalation, authority levels, objectives and progress against performance prioritiesDevelopment and management of the headcount, legal fee and operational budget for the US Regulatory Legal team as assigned by the General Counsel or his Direct ReportsQualifications:Minimum of 15 years of relevant US legal experience inhouse or in private practiceProven interpersonal and communication skillsDetailed understanding of US banking regulatory requirements, the regulatory landscape and demonstrated direct advocacy experience engaging with banking regulatorsDemonstrated experience in stakeholder management, evaluating risks and counseling with sound judgementHighly organized with extensive problem-solvingGSIB experience and understanding of asset servicing industry are assetsJuris Doctor degree and admitted to practice and in good standing in at least one U.S. jurisdictionAre 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 fulfill 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.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.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.Salary Range: $225,000 - $337,500 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.