Anti-Money Laundering, Officer

State Street.
Boston, Massachusetts
Not disclosed
23 May 2022
23 Jun 2022
Contract type
Full time
Experience level
Qualified accountant

Who we are looking for

As Officer you will be managing the client AML KYC periodic review process, working closely with senior and peer managers to ensure that regulatory requirements are met for all reviews assigned. This role requires knowledge of the regulations impacting client anti-money laundering / know your customer regime. Experience in a client facing role is a plus.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As AIS AML KYC Periodic Review Oversight Officer you will be

  • Working with internal and external stakeholders to co-ordinate and drive timely resolution of Periodic Reviews
  • Co-ordination with the CaRRs team to ensure effective communication of best practice, changes to legislation and jurisdictional uplifts
  • Communicating directly with Clients or assisting the BU/RM with the communication needed for external asks to Clients and co-ordination of the resolution of any contentious requests
  • Project planning of the Client KYC initiative, driving timely resolution of cases and working with the business teams to close down open issues
  • Ensuring adherence to the 90 day cycle periodic review process, ensuring KYC cases do not fall overdue and effectively managing cases to the verification state
  • Working with other stakeholders in KYC process to ensure queries and queues are being managed effectively and escalation where appropriate

What we value

These skills will help you succeed in this role

  • Sound procedural and technical knowledge of AML/KYC is required.
  • Excellent administrative, organisational and business support skills, with the ability to multi-task and to work calmly under pressure.
  • Strong written & verbal communication skills
  • Well-developed negotiation, influencing, decision-making, planning and co-ordination skills.
  • Proactive and able to work independently and as part of a team
  • Proven interpersonal, communication and leadership skills.
  • Team player, ability to build consensus and to motivate others.
  • Ability to develop and maintain business relationships within the business unit and cross locations.
  • Strong understanding of the AML/CFT Regulatory framework and compliance requirements is a benefit for this role.

Education & preferred qualifications

  • University degree in Accounting, Finance, Business Administration, Legal, Audit or equivalent professional qualifications or experience.
  • You will be expected to have strong attention to detail and appreciate the importance of completing work ‘right first time’ against daily deadlines
  • You understand the importance of customer service excellence and have a ‘can do’ attitude with strong written and oral communication skills
  • You are keen to learn and develop and you enjoy being part of an energetic and growing team
  • Excellent working knowledge of MS Office suite including Word, Excel and PowerPoint

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.

COVID-19 Protocols: Complying with State Street’s COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.

For further information, and to apply, please visit our website via the “Apply” button below.

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