Who we are looking forWe are seeking an experienced AML and Sanctions Senior Associate to support the AML & Sanctions governance and program management function for State Street Wealth Management. The Senior Associate will report to the Head of AML and Sanctions Program Governance for State Street Wealth Services. The role includes supporting the oversight, and ongoing enhancement of a variety of program functions, including but not limited to the development, implementation, and maintenance of the AML and Sanctions compliance policies, and ensuring alignment with regulatory requirements. Ongoing identification of inherent risk, assessment of controls, and determination of residual risks for State Street Wealth Services. Provide ongoing support for the establishment and oversight of governance structures, management reporting, and escalation frameworks. Support the review and assessment of new products, services, and business initiatives for AML and Sanctions compliance risks, ensuring alignment with regulatory obligations. Participate in projects related to changes to the AML governance or escalation framework including the design, implementation, and execution of controls to ensure process reliability and ensure documentation is comprehensive and up to date. Support the coordination of regulatory examinations, internal audits, and compliance testing programs to ensure program effectiveness and adherence to policies. Support the development and execution of the AML and Sanctions Compliance Training Program. Support the implementation of the quality assurance framework to monitor the effectiveness of the compliance program and drive continuous improvement. Support the management of the monthly reporting on Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs). The ideal candidate should be a strategic thinker with strong communication skills and a track record for successfully designing, implementing, and monitoring financial crimes compliance program frameworks in line with industry’s best practices.Why this role is important to usThe team you will be joining plays an important role in the overall success of the organization. Wealth is a new business for the organization and 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. 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.What you will be responsible forAs a Senior Associate you will:Support and maintain AML and Sanctions compliance policies, ensuring alignment with regulatory requirements.Support the establishment of governance structures, management reporting, and escalation frameworks.Support the execution of the AML and Sanctions risk assessment to identify inherent risk, assess controls, and determine residual risks for State Street Wealth Services.Support the review and assess new products, services, and business initiatives for AML and Sanctions compliance risks, ensuring alignment with regulatory obligations.Support projects related to changes to the AML governance or escalation framework including the design, implementation, and execution of controls to ensure process robustness and reliability and ensure comprehensive documentation is up to date.Support the coordination of regulatory examinations, internal audits, and compliance testing programs to ensure program effectiveness and adherence to policies.Support the AML and Sanctions compliance training for State Street Wealth Services.Support a quality assurance framework to monitor the effectiveness of the compliance program and drive continuous improvement.Support the management of monthly reporting on Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs).What we value These skills will help you succeed in this roleStrong project management and organizational skills.Excellent communication and stakeholder management abilities.Ability to work under pressure and manage competing priorities.High attention to detail and commitment to compliance standards.Proficiency in Microsoft Office SuiteEducation & Preferred QualificationsBachelor’s degree in Finance, Business, Risk Management, or related field.Experience in Financial Crimes Compliance (Anti-money Laundering/Sanctions), Audit, Risk Management, or Exam Management roles within financial services.Familiarity with global regulatory frameworks and audit processes.Salary Range: $52,000 - $87,880 AnnualThe 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 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 StatementJob 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.