Anti-Money Laundering - Manager
State Street
Anti-Money Laundering - Manager
Job Description
Who we are looking for:Looking for AML KYC / Screening professional who understand and perform Ongoing Sanctions, AML, PEP and Negative News Screening 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). Officer is responsible for the operational management of team. Officer has direct managerial responsibility, along with oversight for risk mitigation and responsibility for both day to day and ongoing performance management of their team. Why this role is important to us:Ongoing Screening is automated matching of input records example clients, customers and accounts and sub-accounts (collectively “Customers”), of State Street, Securities, Brokers, etc., against lists State Street’s Corporate Minimum List Set as set forth by the Anti Money Laundering and Sanctions Business Unit Standard Operating Procedure using matching logic to determine if there are any potential matches to a list. Ongoing Entity Screening analysts does the first level review to identify, perform materiality assessment, escalate potential matches to Compliance and provide KPI and KRI reporting. This is a permanent position within the department in Bangalore.What you will be responsible for:Perform end to end Sanctions, AML, PEP and Negative News Screening for Customers, Investors, Securities, Broker, etc., using approved screening tools.Review and disposition alerts by conducting detailed investigations including name matching entity resolution, and risk assessment.Ensure accurate and timely escalation of true and potential matches to FCC/Business teams.Maintain high quality standards while meeting productivity and SLA targets.Manage day to day operations of the screening team across one or more locations, ensuring workload balance and capacity planning.Monitor productivity, quality an aging metrics, drive corrective actions a to prevent backlogs and SLA breaches.Act as appoint of contract for FCC, Risk, Audit and business stakeholders on screening related manners.Lead quality assurance reviews root cause analysis and remediation of identified gapsSupport regulatory exams, internal audits and issue management activities.Identify opportunities for process improvement automation and efficiency gainsProvide coaching training and performance feedback o team membersEnsure effective BCP coverage and cross hub collaboration for uninterrupted operationsContribute to policy updates procedure enhancements and control strengthening initiativesProviding technical and specialist support to the Global AML Center (GAC) Ongoing Screening TeamSelf-directed, ability to multi-task and navigate competing priorityProblem-solving and critical analysis experience, highly responsive and drivenExcellent collaboration, communication, presentation, and networking skillsAbility to identify and present cross-sell opportunities & standardizations, excellent influencing skillsInnovative, intellectually curious, with a bias for actionSignificant prior financial services industry experience preferredManage people and ensure the team get along to achieve common goals and keep the morale of the team is highReview and improve on productivity benchmarks on ongoing basisReviewing status reports for senior managementKnowledge of Sanctions, OFAC, anti-money laundering laws, PEP, Negative News Materiality assessment is mandatoryPrior experience in driving UAT/Prod testing related to applications upgrades & during new screening work Transitions & report issues actively to platforms team.Manage senior management and stakeholders effectivelyWork both independently and as a team in a fast-paced production environment.Conflict management and strong customer service rendering experience.What we value: These skills will help you succeed in this role:Strong people management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports (expectation of Minimum 7+ years’ supervisory experience)Good knowledge of AML regulations like OFAC, USA Patriotic Act, Bank Secrecy Act etc.Strong communication, interpersonal, organizational, and time management skills to manage a teamAbility to analyze investment guidelines and policies to determine testing requirementsExcellent communication, organization, interpersonal planning, and analytical skillsShit Timing : 2 pm – 11 pmWork Location : ChennaiEducation & Preferred Qualifications:Graduate and above preferably in FinanceHands on experience on perform Ongoing Sanctions, PEP, AML and Negative News ScreeningMinimum 4 years of people handling experienceSecondary Skills (Good to Have)Any Certificate on AML fields like ACAMS, ICA etcAdvance Excel / VBAAbout State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement
Locations
- India, Chennai
Preferred Qualifications
- Graduate and above preferably in Finance (experience)
- Hands on experience on perform Ongoing Sanctions, PEP, AML and Negative News Screening (experience)
- Minimum 4 years of people handling experience (experience, 4 years)
- Graduate and above preferably in Finance (experience)
- Hands on experience on perform Ongoing Sanctions, PEP, AML and Negative News Screening (experience)
- Minimum 4 years of people handling experience (experience, 4 years)
- Any Certificate on AML fields like ACAMS, ICA etc (experience)
- Advance Excel / VBA (experience)
- Any Certificate on AML fields like ACAMS, ICA etc (experience)
- Advance Excel / VBA (experience)
Responsibilities
- Perform end to end Sanctions, AML, PEP and Negative News Screening for Customers, Investors, Securities, Broker, etc., using approved screening tools.
- Review and disposition alerts by conducting detailed investigations including name matching entity resolution, and risk assessment.
- Ensure accurate and timely escalation of true and potential matches to FCC/Business teams.
- Maintain high quality standards while meeting productivity and SLA targets.
- Manage day to day operations of the screening team across one or more locations, ensuring workload balance and capacity planning.
- Monitor productivity, quality an aging metrics, drive corrective actions a to prevent backlogs and SLA breaches.
- Act as appoint of contract for FCC, Risk, Audit and business stakeholders on screening related manners.
- Lead quality assurance reviews root cause analysis and remediation of identified gaps
- Support regulatory exams, internal audits and issue management activities.
- Identify opportunities for process improvement automation and efficiency gains
- Provide coaching training and performance feedback o team members
- Ensure effective BCP coverage and cross hub collaboration for uninterrupted operations
- Contribute to policy updates procedure enhancements and control strengthening initiatives
- Providing technical and specialist support to the Global AML Center (GAC) Ongoing Screening Team
- Self-directed, ability to multi-task and navigate competing priority
- Problem-solving and critical analysis experience, highly responsive and driven
- Excellent collaboration, communication, presentation, and networking skills
- Ability to identify and present cross-sell opportunities & standardizations, excellent influencing skills
- Innovative, intellectually curious, with a bias for action
- Significant prior financial services industry experience preferred
- Manage people and ensure the team get along to achieve common goals and keep the morale of the team is high
- Review and improve on productivity benchmarks on ongoing basis
- Reviewing status reports for senior management
- Knowledge of Sanctions, OFAC, anti-money laundering laws, PEP, Negative News Materiality assessment is mandatory
- Prior experience in driving UAT/Prod testing related to applications upgrades & during new screening work Transitions & report issues actively to platforms team.Manage senior management and stakeholders effectively
- Work both independently and as a team in a fast-paced production environment.
- Conflict management and strong customer service rendering experience.
- Perform end to end Sanctions, AML, PEP and Negative News Screening for Customers, Investors, Securities, Broker, etc., using approved screening tools.
- Review and disposition alerts by conducting detailed investigations including name matching entity resolution, and risk assessment.
- Ensure accurate and timely escalation of true and potential matches to FCC/Business teams.
- Maintain high quality standards while meeting productivity and SLA targets.
- Manage day to day operations of the screening team across one or more locations, ensuring workload balance and capacity planning.
- Monitor productivity, quality an aging metrics, drive corrective actions a to prevent backlogs and SLA breaches.
- Act as appoint of contract for FCC, Risk, Audit and business stakeholders on screening related manners.
- Lead quality assurance reviews root cause analysis and remediation of identified gaps
- Support regulatory exams, internal audits and issue management activities.
- Identify opportunities for process improvement automation and efficiency gains
- Provide coaching training and performance feedback o team members
- Ensure effective BCP coverage and cross hub collaboration for uninterrupted operations
- Contribute to policy updates procedure enhancements and control strengthening initiatives
- Providing technical and specialist support to the Global AML Center (GAC) Ongoing Screening Team
- Self-directed, ability to multi-task and navigate competing priority
- Problem-solving and critical analysis experience, highly responsive and driven
- Excellent collaboration, communication, presentation, and networking skills
- Ability to identify and present cross-sell opportunities & standardizations, excellent influencing skills
- Innovative, intellectually curious, with a bias for action
- Significant prior financial services industry experience preferred
- Manage people and ensure the team get along to achieve common goals and keep the morale of the team is high
- Review and improve on productivity benchmarks on ongoing basis
- Reviewing status reports for senior management
- Knowledge of Sanctions, OFAC, anti-money laundering laws, PEP, Negative News Materiality assessment is mandatory
- Prior experience in driving UAT/Prod testing related to applications upgrades & during new screening work Transitions & report issues actively to platforms team.Manage senior management and stakeholders effectively
- Work both independently and as a team in a fast-paced production environment.
- Conflict management and strong customer service rendering experience.
- Strong people management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports (expectation of Minimum 7+ years’ supervisory experience)
- Good knowledge of AML regulations like OFAC, USA Patriotic Act, Bank Secrecy Act etc.
- Strong communication, interpersonal, organizational, and time management skills to manage a team
- Ability to analyze investment guidelines and policies to determine testing requirements
- Excellent communication, organization, interpersonal planning, and analytical skills
- Strong people management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports (expectation of Minimum 7+ years’ supervisory experience)
- Good knowledge of AML regulations like OFAC, USA Patriotic Act, Bank Secrecy Act etc.
- Strong communication, interpersonal, organizational, and time management skills to manage a team
- Ability to analyze investment guidelines and policies to determine testing requirements
- Excellent communication, organization, interpersonal planning, and analytical skills
- Shit Timing : 2 pm – 11 pm
- Work Location : Chennai
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