State Street India | Anti-Money Laundering - Manager

Responsibilities

• This is a permanent position within the department in Bangalore.
• 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).
• 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
• 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
• Manage senior management and stakeholders effectively
• Work both independently and as a team in a fast-paced production environment.

Qualifications

• 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.
• Hands on experience on perform Ongoing Sanctions, PEP, AML and Negative News Screening.
• Minimum 4 years of people handling experience.
• Any Certificate on AML fields like ACAMS, ICA etc.
• Self-directed, ability to multi-task and navigate competing priority
• Excellent collaboration, communication, presentation, and networking skills
• Ability to identify and present cross-sell opportunities & standardizations, excellent influencing skills
• 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.

State Street

State Street Corporation is a US financial services company headquartered in Boston, Massachusetts, with roots that go back to 1792. It is one of the world's largest custody banks and asset servicers: pension funds, mutual funds, insurers and other institutional investors rely on it for custody, fund accounting and fund administration, middle-office and data services, while its investment management arm, known for the SPDR exchange-traded funds, manages money for institutions and individuals.

In India, State Street works mainly through State Street Corporate Services Mumbai Private Limited, with offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City. These teams serve State Street's global clients in fund accounting, NAV calculation, fund administration and financial reporting, reconciliations, transfer agency, regulatory reporting, risk and technology — work that suits B.Com, M.Com, CA, CMA, CFA and MBA (Finance) profiles.

• Industry: Financial services — custody, fund services and investment management
• Headquarters: Boston, Massachusetts, USA
• In India: Offices in Bengaluru, Hyderabad, Mumbai, Pune, Chennai, Coimbatore, Gurugram, Noida and GIFT City (Gandhinagar)