Anti Money Laundering, Associate 2

About the Role

The team provides a Customer Due Diligence (CDD) service to State Street business units utilizing the KYC Share Services. The department is tasked with verifying the identity of customers of State Street business units, risk profiling those customers from a money-laundering perspective, completing money-laundering risk reviews, and providing KPI and KRI reporting to Compliance and the businesses. CDD must be completed in accordance with State Street Anti-Money Laundering Compliance policies and processes. CDD is completed on all clients, customers, and accounts and sub-accounts (collectively “Customers”) of State Street. This is a permanent position within the department in Bangalore.

Key Responsibilities

• Perform KYC reviews on all entity types.
• Analyze complex ownership structures to determine risk exposure and applicable KYC/AML requirements.
• Perform effectively to strict deadlines.
• Demonstrate teamwork and collaboration skills to enhance team efficiency and quality outcomes.
• Communicate confidently, efficiently, and clearly in both written and verbal forms.
• Be flexible with shifts (including night shifts if required).

Requirements & Tech Stack

• Perform KYC reviews on all entity types.
• Good knowledge of Search engines such as World-Check, Prime.
• Ability to analyze complex ownership structures to determine risk exposure and applicable KYC/AML requirements.
• Ability to perform effectively to strict deadlines.
• Teamwork and collaboration skills: ability to work effectively with others to enhance team efficiency and quality outcomes.
• Must achieve a minimum quality percentage of 99%.
• Ability to communicate confidently, efficiently and clearly in both written and verbal forms.
• Flexibility with shifts (including night shifts if required).
• Demonstrated computer proficiency, including advanced knowledge of MS Excel.
• Problem-solving and analytical skills.
• Good knowledge of AML and KYC regulations like FATF, FATCA, Bank Secrecy Act etc.
• Strong communication, interpersonal, organizational, and time management skills.
• Ability to analyze investment guidelines and policies to determine testing requirements.
• Deadline and detail oriented.
• Hands-on experience on complete KYC process.
• Graduate and above preferably in Finance.

Secondary Skills (Good to Have)

• Any Certificate on AML fields like ACAMS, ICA etc.
• Additional skills in reporting/work allocation and other metrics data would add value.