Anti-Money Laundering, Senior Associate
State Street, Quincy, MA, United States
Who we are looking for
Looking for AML KYC professional who understand and can provide end-to-end support to perform KYC 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).
Why this role is important to us The team provides a Customer Due Diligence (CDD) service to State Street business units utilizing the KYC Share Services. The department is tasked with verifying the identity of customers of State Street business units, risk profiling those customers from a money-laundering perspective completing money-laundering risk reviews and providing KPI and KRI reporting to Compliance and the businesses -CDD must be completed in accordance with State Street Anti-Money Laundering Compliance policies and process. CDD is completed on all clients, customers and accounts and sub-accounts (collectively “Customers”) of State Street. This is a permanent position within the department in Quincy, MA.
What you will be responsible for
Graduate and above preferably in Finance
Overall experience of 3.5 years or minimum of 18 months as Associate 2 in State Street
Ability to perform KYC reviews on all entity types
Should have good knowledge on Search engines such as world check, Prime
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 have percentage of quality min of 99%.
Ability to communicate confidently, efficiently and clearly in both written and verbal forms
Should be flexible with shifts (including night shifts if required)
What we value
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 skill
Education & Preferred Qualifications
Graduate and above preferably in Finance
Hands on experience on complete KYC process
Secondary Skills (Good to Have)
Any Certificate on AML fields like ACAMS, ICA etc.
Salary Range $52,000 - $87,880 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards; and, eligibility for certain tax advantaged savings plans.
EEO Statement State Street is an equal opportunity and affirmative action employer. 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.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
End Date June 29, 2026
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Why this role is important to us The team provides a Customer Due Diligence (CDD) service to State Street business units utilizing the KYC Share Services. The department is tasked with verifying the identity of customers of State Street business units, risk profiling those customers from a money-laundering perspective completing money-laundering risk reviews and providing KPI and KRI reporting to Compliance and the businesses -CDD must be completed in accordance with State Street Anti-Money Laundering Compliance policies and process. CDD is completed on all clients, customers and accounts and sub-accounts (collectively “Customers”) of State Street. This is a permanent position within the department in Quincy, MA.
What you will be responsible for
Graduate and above preferably in Finance
Overall experience of 3.5 years or minimum of 18 months as Associate 2 in State Street
Ability to perform KYC reviews on all entity types
Should have good knowledge on Search engines such as world check, Prime
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 have percentage of quality min of 99%.
Ability to communicate confidently, efficiently and clearly in both written and verbal forms
Should be flexible with shifts (including night shifts if required)
What we value
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 skill
Education & Preferred Qualifications
Graduate and above preferably in Finance
Hands on experience on complete KYC process
Secondary Skills (Good to Have)
Any Certificate on AML fields like ACAMS, ICA etc.
Salary Range $52,000 - $87,880 Annual
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards; and, eligibility for certain tax advantaged savings plans.
EEO Statement State Street is an equal opportunity and affirmative action employer. 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.
Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
End Date June 29, 2026
#J-18808-Ljbffr