Business Line : Global Services
Work Location : Bangalore
Process Name : AMLKYC CoE
Position: Senior Associate
Shifts (in IST) : Rotational
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
*This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
About Business Line
Utilization of a center of excellence (AML Center) model is to deliver AML / KYC activities to multiple Business Units with client contracts. Delivery of AML / KYC activities are in support of the First Line of Defense function as part of the global AML operating model.
About Process
The quality checker works based on four eye principle, each client worked by a Primary
Reviewer (PR) will be performed 4 Eye by the Quality checker (QC) before approving the same on KYC Platform application. The purpose of the team is to assure that all tasks performed by AML KYC CoE meets highest quality standards. The Quality Check is an internal control check performed on customer level and account level, based on profiles created and information collected from customer.
Key Responsibilities/Skills & Knowledge/ Qualification
Work Location : Bangalore
Process Name : AMLKYC CoE
Position: Senior Associate
Shifts (in IST) : Rotational
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
*This figure is presented as of September 30, 2018 and includes approximately $28 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
About Business Line
Utilization of a center of excellence (AML Center) model is to deliver AML / KYC activities to multiple Business Units with client contracts. Delivery of AML / KYC activities are in support of the First Line of Defense function as part of the global AML operating model.
About Process
The quality checker works based on four eye principle, each client worked by a Primary
Reviewer (PR) will be performed 4 Eye by the Quality checker (QC) before approving the same on KYC Platform application. The purpose of the team is to assure that all tasks performed by AML KYC CoE meets highest quality standards. The Quality Check is an internal control check performed on customer level and account level, based on profiles created and information collected from customer.
Key Responsibilities/Skills & Knowledge/ Qualification
- Graduate and above preferably in Finance
- Overall experience of 2.5 years or minimum of 18 months as Associate 2 in State Street
- Ability to perform KYC reviews on all entity types
- Ability to read and understand client document
- Should have good knowledge on Search engines such as world check, Prime
- Ability to analyze complex ownership structures to determine risk exposure and applicable KYC/AML requirements
- Additional skills in reporting/work allocation and other metrics data would add value
- Teamwork and collaboration skills: ability to work effectively with team to enhance team efficiency and quality outcomes.
- Must have percentage of quality min of 99%.
- Resolve issues and prioritize actions in the absence of the managers.
- Ability to recognize and prioritize issues through daily updates, ensuring work is completed within established timeframes
- Ability to communicate confidently, efficiently and clearly in both written and verbal forms
Primary Skills (Must Have)
- Good knowledge of KYC all type of Entities/Individual reviews
- Strong communication, interpersonal, organizational, and time management skills
- Ability to perform effectively to strict deadlines
- Should be flexible with shifts (including night shifts)
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