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State Street · 10 hours ago

Alternative Investment Solutions (AIS) Onboarding, Senior Associate

Quincy, MA

Full-time

Onsite

Entry, Mid Level

$52K/yr - $94K/yr

1+ years exp

State Street is a global leader in financial services, helping institutional investors manage risk and drive performance. The Senior Associate will facilitate the KYC period review process, ensuring compliance and accuracy of client information while collaborating with various teams to resolve issues and complete reviews.

BankingFinanceFinancial Services

Responsibilities

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

Leads 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

Acts as a crucial safeguard against financial crime like money laundering by keeping client information accurate and up to date with regulations

Holds accountability for the completion of the AML/KYC tasks related to periodic review policies and procedures in accordance with established deadlines

Liaises with internal sub-service organizations (i.e., Global AML Center, CaRRS, Relationship Management, etc.) and serves as a subject matter expert

Responsible for satisfying business needs, identifying key issues with processes, and taking a broad perspective to problem resolution

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

Escalates 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

Qualification

AML/KYC knowledgeFinancial services experienceAnalytical skillsInterpersonal skillsOrganizational skillsProblem resolutionMotivatedCommunication skillsDetail oriented