State Street
Anti-Money Laundering - Senior Associate
This job is now closed
Job Description
- Req#: R-784747
- Good knowledge of AML and KYC regulations like FATF, FATCA, Bank Secrecy Act etc.
- Strong communication, interpersonal, organizational, and time management skills
- Ability to analyze investment guidelines and policies to determine testing requirements
- Excellent communication, organization, interpersonal planning, and analytical skills
- Deadline and detail oriented
- Demonstrated computer proficiency, including advanced knowledge of MS Excel, as well as problem solving and analytical skills
- Graduate and above preferably in Finance
- Hands on experience on complete KYC process
- Any Certificate on AML fields like ACAMS, ICA etc.
Who we are looking for:
Looking for AML KYC / Screening professional who understand and perform Ongoing Sanctions, AML, PEP and Negative News Screening to comply with Regulatory Requirements (i) SEC (Securities and Exchange Commission) requirements and (ii) investment guidelines stated in the Prospectus/Statement of Additional Information (SAI). Officer is responsible for the operational management of team. Officer has direct managerial responsibility, along with oversight for risk mitigation and responsibility for both day to day and ongoing performance management of their team.
Why this role is important to us:
Ongoing Screening is automated matching of input records example clients, customers and accounts and sub-accounts (collectively “Customers”), of State Street, Securities, Brokers, etc., against lists State Street’s Corporate Minimum List Set as set forth by the Anti Money Laundering and Sanctions Business Unit Standard Operating Procedure using matching logic to determine if there are any potential matches to a list. Ongoing Entity Screening analysts does the first level review to identify, perform materiality assessment, escalate potential matches to Compliance and provide KPI and KRI reporting. This is a permanent position within the department in Chennai.
What you will be responsible for:
• Graduate and above preferably in Finance
• Overall experience of 4 years or minimum of 18 months as Associate 2 in State Street
• Ability to perform KYC reviews on all entity types
• Should demonstrate sound expertise in conducting Sanctions, AMLPEPNN reviews.
• Should have good knowledge on Search engines such as World Check and other Screening Tools.
• Ability to analyze complex ownership structures to determine risk exposure and applicable KYC/AML requirements
• Ability to perform effectively to strict deadlines
• Additional skills in reporting/work allocation and other metrics data would add value
• Teamwork and collaboration skills: ability to work effectively with others to enhance team efficiency and quality outcomes.
• Must maintain a quality percentage of 100%.
• Ability to communicate confidently, efficiently and clearly in both written and verbal forms
• Should be flexible with shifts (including night shifts if required)
• Serve as the KYC expert, offering technical guidance to KYC specialists as needed.
• Assist with external regulatory examinations or testing
What we value:
These skills will help you succeed in this role:
Education & Preferred Qualifications:
Secondary Skills (Good to Have)
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
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About the company
State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide.
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