AML & Sanctions Screening Design, Assistant Vice President, Hybrid
Who we are looking for
State Street Bank & Trust is looking for AML & Sanctions Screening Design, Assistant Vice President, Hybrid, to join the AML (Anti-Money Laundering) Innovations team in Quincy, Massachusetts's. This role is responsible for driving, in conjunction with Business Units, Business Unit Aligned AML Officers and the AML & Sanctions Platforms team, the implementation of the State Street screening program.This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.
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.
What you will be responsible for
As AML & Sanctions Screening Design, AVP, you will
• Be responsible for AML & Sanctions screening effectiveness and efficiency
• Jointly with Sanctions Compliance and Financial Intelligence Unit, provide input into the tuning methodology and implementation for State Street's AML and sanctions screening systems
• Supporting initiatives to improve (and provide assurance as to) the effectiveness of State Street's screening systems
• Supporting initiatives to improve the efficiency of State Street's screening systems (e.g. implementation of robotics and machine learning functionality)
• AML & Sanctions screening projects
• Working with Business Units and their Business Unit Aligned AML Officers to assess possible AML & sanctions screening gaps, or new products and systems possibly requiring screening, the associated sanctions risks and whether screening is required
• Working with Sanctions Compliance and Financial Intelligence Unit, to prioritize screening projects to ensure use of available resources in the most effective and efficient manner
• Working with Business Units, their Business Unit Aligned AML Officers and the AML & Sanctions Platforms team to design screening solutions for identified screening gaps or new products and systems requiring screening. This would include:
-Recommending appropriate types of screening (e.g. real time transaction screening or batch entity screening)
-Identifying relevant data for screening
-Identifying and assessing any non-standard screening elements and whether any exemption or exception is required under the Global Sanctions Policy or AML Master Procedure Template
What we value
These skills will help you succeed in this role
• Strong abilities in analytical thinking and problem solving
• Good project management skills and experience
• Capable of producing high quality and/or final work product and solutions under strict regulatory or management deadlines
• Ability to take ownership and initiative, to negotiate, influence and build consensus and successfully navigate within a demanding and international environment of a leading global financial institution
• Ability to collaborate with individuals across business units/lines and corporate functions
Education & Preferred Qualifications
• Undergraduate college degree
• Previous AML / sanctions compliance experience in the financial services sector, preferably involving screening as a risk mitigant
• Good working knowledge of AML / BSA / sanctions requirements
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:
$80 000 - $132 500 Annual
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.
