Anti- Money Laundering - Senior Associate

State Street.
Bangalore, India
Not disclosed
03 Aug 2021
05 Aug 2021
Contract type
Full time
Experience level
Qualified accountant


The AML BU CoE department provides a Customer Identification Program (CIP) and Customer Due Diligence (CDD) service to State Street’s Business units spread across globally. The department is tasked with procuring Client Identification document, validating the requirements as per the requirement matrix. The team’s primary responsibility is to support the Business Units in onboarding the customers are per the agreed timeline and periodically review the existing customers as per their Risk Rating. We collaborate with FIU, Compliance, all Lines of Business Units and KYC Shared Services in order to comply by the AML policies and requirements.

The BU CoE team, which is based in Bangalore/Hyderabad, India, is responsible for collecting and analyzing client data, documents and publicly available information on State Streets’ new and existing clients to comply with firm’s AML/KYC Policy and Procedures. The team is, further, responsible for ensuring that all existing clients of State Street are renewed in accordance with firm’s AML/KYC Policy and Procedures


Responsibilities will include:-

  • Ensure State Street AML/KYC Compliance Policy requirements are met and that CIP/CDD procedures are followed.
  • Monitor and manage the completion of CIP/CDD documentation for all Customers in line with applicable AML Policies & Procedures
  • Ensure CIP/CDD assessments are met using corporate compliance tools and methods prior to account opening are completed before account opening and on an on-going basis for all accounts
  • Provide technical and specialist support to the BU CoE Team members
  • Liaise with the Shared services team/management to ensure timely completion of client on boards.
  • Liaise with the onshore Client managers and Relations managers to procure client data for KYC
  • End to end Quality check of cases where a client outreach is required.
  • Thorough knowledge of SOPs/related check points. Should be a SME to the team.
  • Identify opportunities for process efficiency and suggest for implemention in a controlled manner.
  • Work both independently and as a team in a fast paced production environment.


Education and Experience

  • Graduate and above preferably in Finance
  • Hands on experience on complete KYC process
  • Overall experience of 2.5 years or minimum of 18 months as Associate 2 in State Street


  • Possess good understanding on end to end KYC process of the BU.
  • Ability to perform KYC reviews on different entity types, such as Trusts, Hedge Funds, regulated entities, SPV etc.
  • Understanding of complex ownership structure.
  • Should have good understanding of USA Patriotic Act and CIP.
  • Ability to interpret KYC policies, procedures and laws and put into practice
  • Should be able to perform KYC reviews on High, Medium and Low Risk entities along with the EDD procedures
  • Good understanding of SSGA tools.
  • Good interpersonal skill is required to liaise with the RMs on a daily basis.
  • Eye to detail to identify potential errors.
  • Ability to engage with colleagues from different State Street sites and locally
  • Ability to support other staff and to participate in the process to ensure work is completed accurately and on time
  • Ability to perform effectively to strict deadlines
  • Strong knowledge on MS Excel to prepare reports
  • Good Time mangemnt and should be able to priotitoze tasks.
  • Flexibilty in shift/extended hours during business requirement.
  • Strong ownership and accountabily of the tasks assigned.

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

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