Rick W. Email and Phone Number
Richard G. Woodland has more than 25 years experience managing highly complex technology transformation programs for risk and regulatory compliance initiatives within a “global systemically important bank” (GSIB). A global systemically important bank is bank whose systemic risk profile is deemed to be of such importance that the bank's failure would trigger a wider financial crisis and threaten the global economy.•Experience interfacing with IT senior leaders and the business to provide guidance with respect to compliance matters while accomplishing business objectives•Easily translates complex compliance matters to business executives and externally can interface with relevant regulatory authorities as required.•Thinks Strategically – Sets direction aligned to the company’s strategy, applying external and global perspective to meet local and global needs.•Motivates People – Gains people commitment to achieve business objectives through clear communication of the company’s vision and flexing leadership styles to inspire high performance.•Creates Partnerships – Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.•Seizes Opportunity – Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.•Grows Talent – Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.•Drives Results – Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards.Currently focused on crypto and digital assets compliance, data science and modeling governance ecosystems, to support regulatory efforts including AML, KYC, Market Surveillance, Conduct . Rick holds a B.S. in Accounting from Stonehill College, and originally joined State Street in 1994.Specialties: Crypto business compliance, Global Anti Money Laundering (AML), Know Your Customer (KYC), Market Surveillance, Machine Learning(ML), Enterprise Risk Management (ERM), Basel III , Compliance, GRC, Master Data Management(MDM), Entity/ Client Resolution , Advanced Analytics, Business Intelligence(BI), Machine Learning (ML), Customer Data Integration (CDI), and Data Quality & Governance.
State Street
View- Website:
- statestreet.com
- Employees:
- 36424
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Managing Director - Head Of Compliance TechnologyState Street Mar 2023 - PresentBoston, Massachusetts, United StatesIn this role, Richard is responsible for managing the compliance technology for a global systemically important bank (GSIB) based in Boston. He leads highly complex technology transformation programs for risk and regulatory compliance initiatives. Specifically, he is currently focused on crypto and digital assets compliance, data science, and modeling governance ecosystems to support regulatory efforts, including AML, KYC, Market Surveillance, Conduct. Richard works closely with IT senior leaders and business executives to ensure compliance with regulations while accomplishing business objectives. He is also skilled at translating complex compliance matters into easily understandable terms for business executives and interfacing with regulatory authorities when necessary.
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Dir,Vp Technology Compliance , Data Governance And StrategyState Street Dec 2016 - Apr 2023Greater Boston AreaOwner of State Street's Technology portfolio for Compliance, inclusive of AML, KYC, Market Surveillance, Trade Compliance and new Digital Asset Business. Successfully lead multi year technology program resulting in the termination of enforcement action with State Street Corporation and State Street Bank and Trust Company.•Established enterprise architecture discipline for State Street's compliance efforts•Implemented industry leading data science ecosystem to support AML program•Developed technology roadmap for Market Surveillance •Implemented communication and trade surveillance technologies to enhance Market Surveillance efforts•Collaborated with Chief Data Officer and Office of architecture to define Corporate systems data strategy and explore public cloud options. •Implemented multi-tenant architecture and deployed Global KYC platform to support 1st and 2nd line Compliance operations in 20 countries
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Vp Sr Project Manger Consultant Risk & Regulatory Technology Office Of Regulatory InitiativesState Street Feb 2016 - Dec 2016Greater Boston AreaDelivered Basel III daily compliant solution and achieved closure of numerous regulatory objectives.Build strong relationships with Enterprise Risk Management and Trading functions globally; championed Global Markets Securities Finance business units capital optimization program yielding material improvements in organizations P&L.Managed program scope, budgets, project and communication plansReceived internal Industrial Agile certification for multiple project teams achieving highest adoption ratings across Office of Regulatory Initiatives.Worked with Agile office and ORI PMO to create standard metrics to measure project success adopted by department.
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Vp Global Markets Risk TechnologyState Street Apr 2012 - Feb 2016BostonState Street has merged Global Markets Risk Oversight IT with Corporate Risk and Regulatory Compliance Technology to establish an Enterprise Risk & Regulatory Technology Team which supports both our banking and trading books. My role is focused on directing a large portfolio of projects in our Securities Finance business. In 2014 we deployed a custom market data reference platform for Global Markets and achieved monthly Basel III qualification for Repo style transactions. Actively partnering with our business to develop the next generation risk management platform.
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Vice President Risk & Regulatory Compliance ItState Street Sep 2007 - Apr 2012Greater Boston AreaOwner of technology delivery for Enterprise Risk Management (OP Risk AMA, IT Risk, SOX) and Compliance (AML, OFAC and Trade). Provide architecture strategy, development and vendor management for StarCompliance, OpenPages/IBM, Prime, Axentis, Tibco/Spotfire and Sieprian/Informatica.
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Avp Basel Ii ItState Street Aug 2004 - Sep 2007Development manager for an enterprise web-based workflow solution application to calculate probability of default for SSB’s large complex portfolio. This solution complies with Basel II (AIRB) approach.Basel II Business Process Outsourcing of Counterparty/Entity Research Conceived and implemented complex Business Process Outsourcing model with offshore vendor “Credit Dimensions /ebusinesware” to identify and enrich counterparty information used in rating processBasel II Engagement Manager Counterparty Management System (CMS1.0)Development manager for an enterprise web-based application for counterparty maintenanceAs part of the evolution of State Street’s counterparty management system, proposed and researched vendor offerings and conducted several on - site “proof of concept” leading to final recommendation and approval to purchase enterprise solution in the CDI/MDM space.
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Avp Corporate Information SecurityState Street Mar 2004 - Aug 2004Greater Boston AreaCorporate Information Security Division: Assistant Vice President - (Nov 2003 to Aug 2004)Program manager, CIS reporting warehouseImplemented Actuate Reports 7.0 for SAM and Terminations
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Sr Systems Officer Corporate Information SecurityState Street Apr 2000 - Mar 2004Greater Boston AreaCorporate Information Security Division: Sr. Systems Officer - (May 2000 to Nov 2003)Program manager for an enterprise web-based workflow solution to address Security Access Management (SAM)Supervised direct staff of Project Managers/Business Analyst as well as very large cross divisional project team Primary liaison to Management Information ServicesResearched Security Models, Groups and Transactions utilized on various platforms and applicationsProvided ad hoc database development and support for Enterprise Data Security initiatives including:
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Project ManagerImrglobal It Consulting 1999 - 2000Retail e-commerce: Project Manager Aubuchon Hardware (Jan 2000 to April 2000)Deployed Point of sale (POS) system implementation Integration automated warehouse fulfillment systemEstablished User Acceptance testing labRedesigned workflow to incorporate new systems Developed training curriculum and all materialsProvided training to 155 managers system 15 per session in training labInsurance B2B, B2C e-commerce: Sr. Business Analyst Customer Data Capture/Workflow Engine, John Hancock (July 1999 to November1999)Project involved vendor evaluation, solution development and system integration as part of John Hancock’s e-commerce efforts. Customer destination site that would allow users to purchase and attain approval for life insurance products over the web, requiring web collaboration with call centers, underwriters, medical technicians and complex rules engine. Worked with customer’s executive team to determine feasibility and scope Prepared business case including cost benefit analysis Business process modelingDocumented business and functional requirements
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Officer Institutional Investor ServicesState Street Aug 1998 - Aug 1999Greater Boston AreaInstitutional Investors Services Division: Project Manager/Officer - (January 1999 to August 1999)Conceived, and implemented complex workflow driven application to manage shareholder reconciliation Managed all aspects of complex project and project planFacilitated joint application design sessions with users and development teamInstitutional Investors Services Division: Business Analyst (June 1998 to January 1999) Directed fund groups of clients on the "Critical Care List" Established metrics program to evaluate performance of fund group managersConceived and directed process coach program to mentored managers and implement Core operating StandardsAssisted in the design, development, testing, and implementation of the Client Service Workstation Developed division-wide training and product materials for Client Service WorkstationInstitutional Investors Services Division: Auditor and Fund Accountant (April 1994 to July 1996) State Street's largest client (Calpers) Divisions first group to achieve 2 day reporting cycle (Wellington) Assisted in the conversion of a new accounting system for State Street Bank Maintained custody and accounting records on global and domestic portfolios.
Rick W. Education Details
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Business, Management, & Accounting
Frequently Asked Questions about Rick W.
What company does Rick W. work for?
Rick W. works for State Street
What is Rick W.'s role at the current company?
Rick W.'s current role is Managing Director - Head of Compliance Technology Global Systemically Important Bank (GSIB).
What schools did Rick W. attend?
Rick W. attended Stonehill College.
Who are Rick W.'s colleagues?
Rick W.'s colleagues are Amber Raynor, Abhinab Roy, Ashish Mishra, Julie Daly, Sherry Wu, David Mercado, Rory Hutchins.
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