Anti-Money Laundering - Senior Associate

DESCRIPTION

The KYC Global AML Center 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 Client Services in order to comply by the AML policies and requirements.

The GAC 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 :

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 GAC Team members.
• Liaise with the GAC team / management to ensure timely completion of client on boards.
• Liaise with the onshore Client Service and Relationship managers to procure client data for KYC.
• End to End Quality check of journeys 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 implementation in a controlled manner.
• Work both independently and as a team in a fast paced production environment.

REQUIREMENTS :

Education and Experience

Skills / Knowledge

About State Street

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