Who we are looking for The KYC Operations team primary role is to support Business Units in the timely and accurate delivery of the end-to-end AML KYC process for onboarding new customers accounts completion of periodic reviews and event driven reviews of existing customers accounts to comply with State Street s AML Policy and Standards Why this role is important to us The team provide Customer Identification Program CIP Customer Due Diligence CDD and Enhanced Due Diligence EDD services to State Street s Business Units globally The KYC Team is tasked with collecting and analysing client data documents and publically available information on State Streets new and existing clients including the screening of entity names against various sanctions lists and performing the Customer Anti-Money Laundering risk assessment Within quality assurance tasks KYC Team aim to minimise regulatory monetary and reputational risk by ensuring accuracy and completeness of KYC records through a 4 eyed quality assurance process What you will be responsible for Role specifics Perform Know Your Customer due diligence in line with applicable AML Policies Standards Procedures prior to account openings and on an on-going basis Create KYC profiles in the system of record Complete the necessary forms required to support CIP CDD and quality assurance Screen client names and other parties in line with State Street Screening Standards Source required CDD documentation independently from various internal and external sources regulatory websites company websites Banker s Almanac Lexis Nexis World Check etc and assist team members with the same Cooperate closely with Front Office employees to request all other required CDD documentation from customers Validate CDD documentation provided by customers Complete Customer AML risk assessments using corporate compliance tools and methods Meet agreed KRI KPI targets for KYC profile reviews and or agreed targets for quality assurance reviews escalating when required Ensure all assigned tasks are correctly maintained on designated tracking reporting tool Assist with external regulatory examinations or testing Follow the speak up listen up values - including timely escalation of AML concerns suspicious activity or any corporate policy breaches Notify local management of operational issues Attend and participate in AML awareness training sessions to continue to enhance the quality of deliverables Assist in facilitating AML awareness training sessions across the team to continue to enhance the quality of deliverables Support ad hoc and or strategic projects as required Complete and validate enhanced due diligence on high risk customers accounts Perform EDD monitoring and PEP analysis as required Perform 4-eyed quality assurance checks of KYC records for accuracy completeness before verification Within quality assurance responsibility validate that State Street AML Policies Standards Procedures with respect to CIP CDD are adhered to and that KYC Specialist conclusions are clear complete and supported by necessary documentation information and screening results Act as a KYC subject matter expert providing technical expertise and guidance to all KYC specialists as needed Collaborate and lead conversations with key stakeholders with regards to the execution and accurate tracking of key deliverables from the Global AML Center Provide updates to stakeholders upon request Provide support to the KYC Operations Manager if required Act as deputy to the KYC Operations Manager in their absence Maintain role-specific knowledge of the current anti-money laundering and financial crime risks and issues through completion of the annual AML Academy and any other financial crime training deemed applicable to the role GeneralWork Parameters Or Boundaries Internal State Street Policies and Procedures Performance Planning and Review System Advanced knowledge of anti-money laundering know-your-customer regulations and processes Intellectual curiosity for continuous learning around AML and KYC Excellent interpersonal organizational and administrative skills Good communication skills ability to provide a constructive feedback Good Microsoft Excel and Word skills Very good language skills in English One or more of the following language skills would be an advantage French German Italian Dutch Arabic Knowledge of State Street procedures and requirements would be an advantage Additional asset good communication skills especially focused on providing comprehensive feedback Education Preferred QualificationsExperience in AML 3 years is preferred KYC process experience for different entity types such as Trusts Hedge Funds regulated entities SPV etc would be an advantage 1 year Experience of analysing complex ownership structures to determine risk exposure and applicable AML KYC requirements including jurisdictional uplifts is desirable Experience with Prime World Check Lexis-Nexis and other negative news searches would be an advantage Experience of analysing High Risk Customer AML Profiles would be an advantage Internal promotion tenure 18 months About State Street Across 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 setting 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 careers Read our CEO Statement

📌 Anti-money Laundering - Senior Associate (Telangana)
🏢 State Street
📍 Telangana