KYC Specialist, Associate 1

Purpose Of Role:

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.

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.

Specific Duties:

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

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.)

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, escalating when required

Ensure all assigned tasks are correctly maintained on designated tracking / reporting tool

Provide updates to stakeholders upon request

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

Support ad hoc and/ or strategic projects as required

Demonstrate commitment to AML risk excellence through the timely and accurate completion of the firm’s “know your customer” due diligence requirements, including for periodic / event driven reviews and in respect of expected v actual transaction activity review

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.

Work Parameters Or Boundaries:

Internal State Street Policies and Procedures.

Performance Planning and Review System.

PERSON SPECIFICATION

Specific Qualifications / Skills:

Intellectual curiosity for continuous learning around AML and KYC

Excellent interpersonal, organizational and administrative skills

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

Make Your Mark. Advance your career at State Street.

We are excited to see that you are reviewing career opportunities available at State Street. Follow the tips below when applying. If this opportunity is not right for you – perhaps you may want to refer a friend?

Are you advancing your own career?

After clicking “Apply” you will be able to update your Education and Job History. Use it to highlight courses, certifications, achievements or projects you have participated in at State Street. To make updates, go to the Career section of your Profile and edit it manually or by using the “Upload My Experience” option. Remember to review all new entries in your profile and make sure resume information was parsed correctly.

Before applying, please click here to read State Street’s Internal Mobility Policy. (For China, click here )

Are you referring a friend?

Please use the “Refer” button on the right. If you have any questions about the process please visit the corporate intranet and type in Refer a Friend into the search bar.

Job Description

Purpose Of Role:

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.

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 analyzing client data, documents and publicly 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.

Specific Duties:

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

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.)

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, escalating when required

Ensure all assigned tasks are correctly maintained on designated tracking / reporting tool

Provide updates to stakeholders upon request

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

Support ad hoc and/ or strategic projects as required

Complete enhanced due diligence on high risk customers / accounts

Perform EDD monitoring and PEP analysis as required

Assist team members with sourcing relevant information and documentation required for CIP / CDD completion

Assist in facilitating AML awareness training sessions across the team to continue to enhance the quality of deliverables

Demonstrate commitment to AML risk excellence through the timely and accurate completion of the firm’s “know your customer” due diligence requirements, including for periodic / event driven reviews and in respect of expected v actual transaction activity review

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

Work Parameters Or Boundaries:

Internal State Street Policies and Procedures.

Performance Planning and Review System.

PERSON SPECIFICATION

Specific Qualifications / Skills:

Intellectual curiosity for continuous learning around AML and KYC

Excellent interpersonal, organizational and administrative skills

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

Level Of Education:

N/A

Previous Level Of Experience:

Possess a good