Team Leader - Anti - Money Laundering

Job Description

State Street Corporation (NYSE: STT) is one of the worlds 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 Streets 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.DESCRIPTIONThe AML BU CoE department provides a Customer Identification Program (CIP) and Customer Due Diligence (CDD) service to State Streets Business units spread across globally. The department is tasked with procuring Client Identification document, validating the requirements as per the requirement matrix. The teams 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 BU CoE team, which is based in Hyderabad & Bangalore, India, is responsible for collecting and analyzing client data, documents and publically available information on State Streets new and existing clients to comply with firms AML/KYC Policy and Procedures. The team is, further, responsible for ensuring that all existing clients of State Street are renewed in accordance with firms AML/KYC Policy and Procedures.RESPONSIBILITIES:Responsibilities will include:-Provide technical and specialist support to the BU CoE Team.Liaise with the Shared services team/management to ensure timely completion of client on boards.Ensure State Street AML/KYC Compliance Policy requirements are met and that CIP/CDD procedures are followedMonitor and manage the completion of CIP/CDD documentation for all Customers in line with applicable AML Policies & ProceduresEnsure CIP/CDD assessments are met using corporate compliance tools and methods prior to account opening are completed before account opening and on an on-going basis for all accountsManage and review the preparation of MIS, status reports for senior management etc.Implement a self-testing program to ensure State Street Policies, procedures and standards are followed.Thorough knowledge of SOPs/related check pointsManage people and ensure the team get along to achieve common goals and keep the morale of the team is highReview and improve on productivity benchmarks on ongoing basisManage senior management and stakeholders effectivelyIdentify opportunities for process efficiency & implement in a controlled manner.Work both independently and as a team in a fast paced production environment.REQUIREMENTS:Education and ExperienceGraduate and aboveKnowledge of know-your-customer process and anti-money laundering laws is mandatory.Staff-management experience of min 9-11years.Conflict management and strong customer service rendering experience.Audit or assurance experienceSkills/KnowledgePossess in depth knowledge on complete KYC process.Expertise in different entity types, such as Trusts, Hedge Funds, regulated entities, SPV Etc.Identifying / understanding complex ownership structureShould have good understanding of USA Patriotic Act and CIP.Should have knowledge on World Check, Lexis-Nexis and negative searches.Should know how to access Business information sources such as ORBIS, One Source, Bloomberg, etc,.Ability to interpret KYC policies, procedures and laws and put into practiceAbility to support staff on the application of new procedures and policiesExcellent communication skills and ability to engage with senior managers from different State Street sites in North America and APAC locally communicating confidently, effectively and clearly in both written and verbal formsCan flex and adjust to different reporting requirements of various State Street sitesExcellent organizational and administrative skillsAbility to supervise other staff and to participate in the process to ensure work is completed accurately and on timeAbility to perform effectively to strict deadlinesShould have the ability to groom the team members and prepare a succession plan.

Keyskills :
tradinginvestment researchamlfinancial servicescddbloomberghedge fundskyc processkycinvestment managementrisk