Head of Ireland Regulatory Affairs, Vice President, Hybrid

Who are we looking for

Head of Ireland Regulatory Affairs is responsible for driving the strategic relationship with the Central Bank of Ireland (CBI) by: building effective relationships with supervision teams; generating insight into the regulator’s supervision strategy and its implications for State Street; providing insight into areas of focus in regulatory exams and continuous assessment meetings through briefings to senior management; providing preparation sessions for staff selected for interview as part of regulatory examinations; and ensuring that regulatory information requests are well managed with timely responses and submission of deliverables, and that State Street’s regulatory interactions with the CBI are cohesive and unified, with appropriate engagement with the PCF-12 Heads of Compliance for the regulated legal entities.

The role is classified as a CF2 under the Central Bank of Ireland Fitness and Probity regime (CF2), hence candidates must comply with the relevant requirements regarding fitness and probity.

This role can be performed in a hybrid model, where you can balance work from home (up to 2 days per week) and the office (at least 3 days per week including Monday and Friday) to match your needs and role requirements.
 

What you will be responsible for:
As Head of Ireland Regulatory Affairs, your responsibilities entail:
 

Regulatory Liaison:

• Act as the primary liaison with regulators, delivering best in class service to the CBI by ensuring all regulatory deliverables are met within the CBI’s timeframes and to the appropriate quality, engaging with the PCF-12 Heads of Compliance for the regulated legal entities

• Assist the business in making regulatory notifications and drafting responses to CBI queries relating to issues, incidents and other matters

• Providing senior management and the business with insightful analysis into CBI priorities and areas of focus

Internal Stakeholder Management:

• Strategic regulatory stakeholder management and communication

• Arrange all regulatory meetings ensuring appropriate attendance from State Street senior management and others, as appropriate

• Manage the preparation of briefing notes for forthcoming regulatory continuous assessment meetings, in conjunction with the Global Regulatory Liaison Office (GRLO), where applicable to ensure consistency of messaging on key themes and actions

• Lead the coordination and preparation for regulatory examinations, including deliverables requested by the CBI, and act as internal point of escalation across the Ireland business lines in such reviews/exams

• Attendance at regulatory meetings to provide minutes of discussions and agreed actions

• Assess actions received as a result of regulatory exams in accordance with the definition in the Issue Management Standard and the Regulatory Examination & Findings Standard – Global, overseeing the opening of Archer items (RMPs) and agreeing action owners

• Track all RMP actions from opening through governance to closure, ensuring that responses meet the standard expected by the CBI

• Work in conjunction with internal stakeholders such as the Regulatory Industry & Governmental Affairs to identify and shape areas of upcoming regulatory change or other policy developments  

Regulatory/Internal Reporting:

• Prepare updates for the CBI on matters requiring regulatory notification, in response to queries and to assist the regulator’s understanding of State Street’s business in Ireland

• Prepare monthly regulatory interactions update for inclusion in submissions to relevant Ireland and global governance forums, including Ireland Legal Entity Boards, attending where necessary.

• Contribute to the Compliance Risk Reporting to the relevant Ireland and global governance forums

• Prepare summaries of regulatory publications for key Ireland Governance Forums, Senior Management and other internal stakeholders

• Highlight regulatory enforcement actions against other market participants to ensure State Street applies any relevant learning from such industry events

• Contribute to Compliance newsletters in Ireland to highlight areas of regulatory focus

Skills we value:

• Proven analytical skills including the ability to synthesize complex information and articulate it in a form that is easily digestible for leadership and others
• Strong writing and presentation skills
• stakeholder management skills, particularly the ability to engage with regulators, State Street senior management and Board Directors

Education & Preferred Qualifications

• Degree Qualified
• Technical specialist in relation to the regulatory regime in Ireland and the CBI’s regulatory priorities and how these affect State Street’s business model and strategy;
• Previous experience in a Regulatory Relations role or Supervision/Enforcement (at the CBI or an equivalent regulator);
• Sound knowledge of the custody and / or funds sector would be an advantage.
   

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