The AML Innovation Screening team is a corporate function that provides risk screening, detection, and mitigation services on transactions, customers, securities, etc. in support of the AML & Sanctions Compliance functions. The team implements, upgrades and maintains screening technologies that are integrated across critical bank systems and therefore requires careful management and thoughtful analysis. The AML & Sanctions Screening group is looking for an experienced individual who can successfully leverage new technology to enhance our capabilities as well as support the growth of the transaction business at scale.
 

The role will be performed in Boston, MA (4 days onsite, 1 day remote).

Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional 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 as a whole. 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.

Primary Responsibilities:

Work closely with technology, business analysis and implementation teams during the planning phase for various entity and transactions screening projects

Designing and or perform assigned, complex daily operations and processes.

Act as primary contact and escalation point for operational issues

Identify and implement consistent operational best practices.

Develop and document procedures and controls before a project is ready to go live.

Review procedures and controls on an annual basis and update as required.

Collaborate with Data Governance and support their objective with data architecture and delivery oversight.

Participate in other initiatives as needed providing operational and data expertise.

Manage and or perform monthly dashboard reporting and metrics for governance purposes.

Manage and or perform operational tasks required to maintain the screening platforms including some weekend work as and when required.

Ability to liaise between the business and technology teams with strong collaboration and relationship management skills.
 

Qualifications:

Minimum of 5-7 years relevant experience

Familiarity with transaction and entity processing (operationally and technical) at large and global financial institutions such as State Street Bank is preferred but not required

Familiarity with Firco Continuity (Transaction) and Firco Trust (Entity) screening or other screening (a.k.a. watch list filtering) systems is preferred, but not required.

Knowledge of financial transaction types such as SWIFT MT and MX, FED Wires, CHIPS, SEPA, ACH, etc. is a plus

Familiarity with sanction screening (a.k.a. watch list filtering) False Hit Mitigation techniques and similar operational activities is preferred, but not required

Prior AML & Sanctions compliance Risk Management Data Analytics and/or Audit Experience.

Advanced reasoning; excellent verbal written and presentation skills.

Strong abilities in analytical thinking problem solving research time management and verbal and written communication.

Ability to liaise between the business and technology team’s strong collaboration and relationship management skills.

Ability to manage multiple simultaneous tasks in a high-pressure deadline environment

What we offer
Wide range of benefits, including:
•    Medical
•    Prescription Drug
•    Health Savings Account (HSA)
•    Flexible Spending Accounts (FSAs)
•    Dental
•    Vision
•    Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance
•    Employee-Paid Long-Term Disability
•    Critical Illness Insurance
•    Accident Insurance & Hospital Indemnity Insurance
•    Business Travel Accident Insurance
•    Short-Term Disability
•    Identity Theft Protection
•    Legal Benefits
•    BeWell Programme
•    Paid Time Off
•    Employee Assistance Program (EAP)
•    Salary Savings Program (SSP)

Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
 

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers

Salary Range:

The 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.

Job 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.

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