Anti-Money Laundering, Senior Associate

What you will be responsible for
As a member of the AIS AML/KYC Periodic Review Oversight Team, the senior associate facilitates the end-to-end completion of the KYC period review process, collaborating with customers and the relationship management team to obtain all necessary supporting documentation to fulfill KYC due diligence requirements. This role has overall responsibility for leading customer (i.e., fund/entity) reviews through the overall review process which ensures KYC compliance through regularly re-evaluating existing client profiles, assessing risk, verifying data (ownership, control, activity), and performing Enhanced Due Diligence (EDD) for higher-risk customers, acting as a crucial safeguard against financial crime like money laundering by keeping client information accurate and up to date with regulations. The Senior Associate will hold accountability for the completion of the AML/KYC tasks related to periodic review policies and procedures in accordance with established deadlines. They will liaise with internal sub-service organizations (i.e., Global AML Center, CaRRS, Relationship Management, etc.) and serve as a subject matter expert. Responsible for satisfying business needs, identifying key issues with processes, and taking a broad perspective to problem resolution.
What we value
Collects and processes all related information and documentation required to complete a customer (fund/entity) periodic review, confirming accuracy and identifying changes.
Works closely with the client and the business to confirm details like ownership and control structures, source of funds, activity.
Coordinates the overall periodic review communications, risks, and issues resolution.
Assists in coordinating communication with applicable parties; Client, Relationship Manager, Global AML Center, CaRRs and the business, monitoring the review status and issues.
Clearly communicates both verbally and in written format.
Escalate to all stakeholders as necessary to ensure timely completion of reviews before their due date.
Demonstrates an understanding of the impact of problems across the organization and facilitates a collaborative solution.
Education & Preferred Qualifications
Equivalent to a Bachelor's degree in Business Administration, Client Service or related field
Knowledge of AML/KYC policies a plus and/or 1-3 years financial services experience
Excellent interpersonal, organizational and communication skills
Ability to develop relationships within and outside of the organization
Strong problem resolution and analytical skills
Organized, highly motivated, and detail oriented
Meet all requirements for performance planning process including goal setting and self-evaluations
Participate in required and optional training
Salary Range:
$52,000 - $87,880 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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 (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
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.
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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.