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State Street

Holds assets for institutions and runs index funds

KYC Senior Specialist - Associate 2

Financial Crime & AMLPosted on Nov 13
Full-timeKraków, Poland

About the Job

Requirements

  • Advanced knowledge of anti-money laundering and know-your-customer regulations and processes.
  • Knowledge of State Street procedures and requirements is an advantage.
  • Good Microsoft Excel and Word skills.
  • Very good English language skills.
  • Advanced knowledge of entity and transaction screening and sanction laws for Ongoing Screening.

Responsibilities

  • Perform Know Your Customer due diligence in line with applicable AML Policies, Standards & Procedures, prior to account openings and on an ongoing basis.
  • Create KYC profiles in the system of record.
  • Complete the necessary forms required to support CIP/CDD and quality assurance.
  • Screen client names and other parties in line with State Street Screening Standards.
  • Source required CDD documentation independently from various internal and external sources, including regulatory websites, company websites, Banker’s Almanac, Lexis Nexis, and World Check, and assist team members with the same.
  • Cooperate closely with Front Office employees to request all other required CDD documentation from customers.
  • Validate CDD documentation provided by customers.
  • Complete Customer AML risk assessments using corporate compliance tools and methods.
  • Meet agreed KRI/KPI targets for KYC profile reviews and/or quality assurance reviews, escalating when required.
  • Complete and validate enhanced due diligence on high-risk customers/accounts.
  • Perform EDD monitoring and PEP analysis as required.
  • Perform four-eyed quality assurance checks of KYC records for accuracy and completeness before verification.
  • Validate that State Street AML Policies, Standards & Procedures with respect to CIP/CDD are adhered to, and that KYC Specialist conclusions are clear, complete, and supported by necessary documentation, information, and screening results.
  • Attend, participate in, and assist in facilitating AML awareness training sessions across the team to continue to enhance the quality of deliverables.
  • Ensure all assigned tasks are correctly maintained on designated tracking/reporting tools.
  • Provide updates to stakeholders upon request.
  • Assist with external regulatory examinations or testing.
  • Follow the speak up, listen up values, including timely escalation of AML concerns, suspicious activity, or corporate policy breaches.
  • Notify local management of operational issues.
  • Support ad hoc and/or strategic projects as required.
  • Maintain role-specific knowledge of current anti-money-laundering and financial-crime risks and issues through completion of the annual AML Academy and any other financial crime training deemed applicable to the role.

Desired Qualifications

  • KYC process experience for different entity types, such as trusts, hedge funds, regulated entities, and SPVs; 2+ years is an advantage.
  • Experience analyzing complex ownership structures to determine risk exposure and applicable AML/KYC requirements, including jurisdictional uplifts.
  • Experience with Prime, World Check, Lexis-Nexis, and other negative news searches.
  • One or more of French, German, Italian, Dutch, or Arabic language skills.
  • Intellectual curiosity for continuous learning around AML and KYC.
  • Excellent interpersonal, organizational, and administrative skills.
  • Good communication skills and the ability to provide constructive feedback.

About the Company

State Street

Holds assets for institutions and runs index funds

State Street holds and services investments for pension funds, insurers, fund companies, and other large institutions, and it also runs index funds through State Street Investment Management. It launched the first US-listed exchange-traded fund, the SPDR S&P 500 ETF Trust, in 1993, and in 1924 it became custodian of the first US mutual fund. As a custody bank, it safekeeps clients' stocks and bonds, completes their trades, calculates what their funds are worth, and lends their securities to other investors. It earns fees on the assets it services and manages, plus income from currency trading and from interest on client cash. State Street traces its roots to a bank chartered in 1792 and is based in Boston, Massachusetts.

Company size
10,001+
Company stage
IPO
Headquarters
Boston, MA
Founded
1792

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