Job description:
The AML KYC department provides a Customer Identification Program (CIP) and Customer Due Diligence (CDD) service to State Street’s Business units spread across globally. The department is tasked with procuring Client Identification document, validating the requirements as per the requirement matrix. The team’s primary responsibility is to support the Business Units in onboarding the customers as per the agreed timeline and periodically review the existing customers as per their Risk Rating. The team will collaborate with FIU, Compliance, all Lines of Business Units and KYC Shared Services in order to comply by the AML policies and requirements.
The team, which is based in Hyderabad & Bangalore, India, is responsible for collecting and analyzing client data, documents and publicly available information on State Streets’ new and existing clients to comply with firm’s AML/KYC Policy and Procedures. The team is, further, responsible for ensuring that all existing clients of State Street are renewed in accordance with firm’s AML/KYC Policy and Procedures
Emerging Lead
The AML KYC department provides a Customer Identification Program (CIP) and Customer Due Diligence (CDD) service to State Street’s Business units spread across globally. The department is tasked with procuring Client Identification document, validating the requirements as per the requirement matrix. The team’s primary responsibility is to support the Business Units in onboarding the customers as per the agreed timeline and periodically review the existing customers as per their Risk Rating. The team will collaborate with FIU, Compliance, all Lines of Business Units and KYC Shared Services in order to comply by the AML policies and requirements.
The team, which is based in Hyderabad & Bangalore, India, is responsible for collecting and analyzing client data, documents and publicly available information on State Streets’ new and existing clients to comply with firm’s AML/KYC Policy and Procedures. The team is, further, responsible for ensuring that all existing clients of State Street are renewed in accordance with firm’s AML/KYC Policy and Procedures
Emerging Lead
- Graduate and above preferably in Finance
- Staff-management experience of min 1-2 years.
- Process in-depth knowledge in screening of sanctions/OFAC, PEP/Negatives news materiality & AML entities.
- Should have knowledge on Firco Trust, Prime, WorldCheck & KYC applications.
- Driving effectively on testing’s related to applications upgrades & also on the existing & new feeds of the screening applications & report issues actively to platforms team
- Collaborate with colleagues from different State Street sites and locally
- Ability to drive & support staff on the application of new procedures and policies
- Ability to supervise other staff and to participate in the process to ensure work is completed accurately and on time
- Ability to perform effectively to strict deadlines
- Effectively drive reporting/work allocation and other metrics data
- Should have the ability to & participate with the management to groom the team members
- Should be flexible with shifts (including night shifts)
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