Anti-Money Laundering - Manager
State Street · Bangalore, India · 28d ago
Who we are looking for:
Looking for AML KYC / Screening professional who understand and perform Ongoing Sanctions, AML, PEP and Negative News Screening to comply with Regulatory Requirements (i) SEC (Securities and Exchange Commission) requirements and (ii) investment guidelines stated in the Prospectus/Statement of Additional Information (SAI). Officer is responsible for the operational management of team. Officer has direct managerial responsibility, along with oversight for risk mitigation and responsibility for both day to day and ongoing performance management of their team.
Why this role is important to us:
Ongoing Screening is automated matching of input records example clients, customers and accounts and sub-accounts (collectively “Customers”), of State Street, Securities, Brokers, etc., against lists State Street’s Corporate Minimum List Set as set forth by the Anti Money Laundering and Sanctions Business Unit Standard Operating Procedure using matching logic to determine if there are any potential matches to a list. Ongoing Entity Screening analysts does the first level review to identify, perform materiality assessment, escalate potential matches to Compliance and provide KPI and KRI reporting. This is a permanent position within the department in Bangalore.
What you will be responsible for:
Perform end to end Sanctions, AML, PEP and Negative News Screening for Customers, Investors, Securities, Broker, etc., using approved screening tools.
Review and disposition alerts by conducting detailed investigations including name matching entity resolution, and risk assessment.
Ensure accurate and timely escalation of true and potential matches to FCC/Business teams.
Maintain high quality standards while meeting productivity and SLA targets.
Manage day to day operations of the screening team across one or more locations, ensuring workload balance and capacity planning.
Monitor productivity, quality an aging metrics, drive corrective actions a to prevent backlogs and SLA breaches.
Act as appoint of contract for FCC, Risk, Audit and business stakeholders on screening related manners.
Lead quality assurance reviews root cause analysis and remediation of identified gaps
Support regulatory exams, internal audits and issue management activities.
Identify opportunities for process improvement automation and efficiency gains
Provide coaching training and performance feedback o team members
Ensure effective BCP coverage and cross hub collaboration for uninterrupted operations
Contribute to policy updates procedure enhancements and control strengthening initiatives
Providing technical and specialist support to the Global AML Center (GAC) Ongoing Screening Team
Self-directed, ability to multi-task and navigate competing priority
Problem-solving and critical analysis experience, highly responsive and driven
Excellent collaboration, communication, presentation, and networking skills
Ability to identify and present cross-sell opportunities & standardizations, excellent influencing skills
Innovative, intellectually curious, with a bias for action
Significant prior financial services industry experience preferred
Manage people and ensure the team get along to achieve common goals and keep the morale of the team is high
Review and improve on productivity benchmarks on ongoing basis
Reviewing status reports for senior management
Knowledge of Sanctions, OFAC, anti-money laundering laws, PEP, Negative News Materiality assessment is mandatory
Prior experience in driving UAT/Prod testing related to applications upgrades & during new screening work Transitions & report issues actively to platforms team.
Manage senior management and stakeholders effectivelyWork both independently and as a team in a fast-paced production environment.
Conflict management and strong customer service rendering experience.
What we value:
These skills will help you succeed in this role:
Strong people management skills and prior experience in a supervisory capacity with responsibility for coaching and development of direct reports (expectation of Minimum 7+ years’ supervisory experience)
Good knowledge of AML regulations like OFAC, USA Patriotic Act, Bank Secrecy Act etc.
Strong communication, interpersonal, organizational, and time management skills to manage a team
Ability to analyze investment guidelines and policies to determine testing requirements
Excellent communication, organization, interpersonal planning, and analytical skills
Education & Preferred Qualifications:
Graduate and above preferably in Finance
Hands on experience on perform Ongoing Sanctions, PEP, AML and Negative News Screening
Minimum 4 years of people handling experience
Secondary Skills (Good to Have)
Any Certificate on AML fields like ACAMS, ICA etc
Advance Excel / VBA
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 environment 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.
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