Address
Form of work
SalaryNorth Quincy, Massachusetts/ Austin, Texas/ Princeton, New Jersey/ Charlotte, North Carolina/ Aliquippa, Pennsylvania/ Sacramento, California/ Jacksonville, Florida
Who we are looking for
With immediate effect we are sourcing for experience Anti-Money Laundering and Sanctions Professional to join our AML & Sanctions Screening group which manages enterprise systems that using sophisticated algorithms, screen names on transactions and entities (customers, investors, securities, brokers, and vendors) against government and industry provided lists. This screening is done to fight financial crimes and support foreign policy and national security goals of jurisdictions in which State Street performs business, against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy. The AML & Sanctions Screening program is enhancing these screening capabilities and will continue to expand the scope of screening to further enhance our Compliance program. As the regulatory expectations continue to rise and the industry evolves, we are assembling a strong team that can continue to improve these screening services and meet the demands of the business units we support. The AML & Sanctions Screening group is looking for an experienced individual who will be part of maintain these systems, implementing enhancements, upgrade‘s that are integrated with core and critical systems across the bank, and will therefore require careful management and thoughtful analysis.
This role will be performed in a hybrid model 4 days in the office,1 day remote.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Major Responsibilities:
- Maintain regulatory and internal list for various screening tools based on expectations laid in the screening standards
- Analyze output of screening systems to create systemic rules that can suppress recurring false matches (a.k.a. False Hit Mitigation)
- User set up and annual user certification for AML Compliance applications
- Assist with reporting for management and other stakeholders
- Review and revisit procedures and controls to make them effective and efficient
- Generate and publish reports to Compliance and global stakeholders
- Liaise with local and global Compliance, business and technology teams
- Work closely with the offshore team extension in handoff of tasks
- Review of tasks performed by peers (second set of eyes)
- Some weekend work for business testing and other initiatives will be expected
Qualifications:
- Bachelor’s degree or equivalent
- ACAMS certifications preferred
Skills and Experience:
- Minimum of 5-7 years relevant experience
- Familiarity with Firco Continuity (Transaction) and Firco Trust (Entity) screening or other screening (a.k.a. watch list filtering) systems is preferred
- Knowledge of financial transaction types such as SWIFT MT and MX, FED Wires, CHIPS, SEPA, ACH, etc. is a plus
- Familiarity with sanction screening (a.k.a. watch list filtering), False Hit Mitigation techniques, and similar operational activities is preferred
- Excellent verbal, written, and presentation skills.
- Strong abilities in analytical thinking, problem-solving, research, and time management
- Ability to manage multiple simultaneous tasks in a high-pressure deadline-driven environment
- Ability to liaise with the business and technology teams utilizing collaboration and relationship management skills
What we offer
Wide range of benefits, including:
- Medical
- Prescription Drug
- Health Savings Account (HSA)
- Flexible Spending Accounts (FSAs)
- Dental
- Vision
- Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
- Employee-Paid Long-Term Disability
- Critical Illness Insurance
- Accident Insurance & Hospital Indemnity Insurance
- Business Travel Accident Insurance
- Short-Term Disability
- Identity Theft Protection
- Legal Benefits
- BeWell Programme
- Paid Time Off
- Employee Assistance Program (EAP)
- Salary Savings Program (SSP)
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.
Salary Range:
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.
For further information, and to apply, please visit our website via the “Apply” button below.
