Anti-Money Laundering, Senior Associate

at  State Street

Who we are looking for
he role holder will be part of the Investor Services AML operational team responsible for the quality review and ultimate authorization of all investor-level AML in line with relevant State Street Bank International, Luxembourg Branch (SSBIL) AML program requirements. The role holder will be responsible for providing an end-to-end AML service ensuring efficient and responsive turnaround to clients and investors whilst following the steps required and outlined in all internal policies and procedures for Luxembourg.
They will be involved in AML-related project work and ensure all investor level AML is reviewed, approved and stored with an aim to create a zero-unauthorized investor population across all SSBIL Clients
What you will be responsible for
As Anti Money Laundering, Senior Associate you will:

Principal Accountabilities

• Conduct Investor On-Boarding and Periodic Reviews with accordance to set AML standards.
• Collecting of AML investor documentation with accordance to set AML standards, for new onboarding or a change of circumstances of an existing account and verify it complies with policies and procedures
• Reviewing of AML documentation received for all investors submitted colleagues for AML review.
• Ensuring all AML documentation is saved to the DMS (Document Management System) for each investor, by type, and that the AML requirements per investor type as outlined on our internal checklists and AML policies and procedures are collected and verified.
• Acting as a point of contact for assigned Clients in relation to answering and assisting efficiently with all AML related queries/Issues.
• Ensuring daily, weekly and monthly deliverables are met in accordance with internal controls. Day to day processing of Investor AML reviews to ensure quick and effective Quality Assurance review and approval:
• Development and maintenance of strong client relationship
• Possess and continue to developing an in-depth knowledge of all internal policies and procedures including all operational procedures used during the AML Review to assist with
• Ensuring all AML documentation is received and checked from Clients
• Ensuring that all AML queries raised by Clients can be answered in detail and within the agreed SLA.
• All AML checklists points/steps in the authorization of AML are clearly understood
• All AML Team processes are strictly followed in accordance with the procedure documentation
• Responsible for monitoring and tracking Client communication in all shared mailboxes and assisting Clients with AML queries.
• Identify key priorities within the team on a daily basis act appropriately to ensure delivery of all tasks.
• Actively manage day to day relationship with Client contacts, Relationship managers and Compliance team, escalating issues to their manager when required.
• Preparation and distribution of AML reports.
• Act as a point of escalation for the team for technical and client queries providing an efficient and swift service to Investors.
• Foster and act as a role model to build risk awareness within the team.
• Proactively seek greater productivities in the team through process improvements & automation where applicable.
• Participate in department wide training efforts – draft and deliver training course and facilitate ‘on the job’ training.

Context of the role (in relation to the overall business, division or team)

Operating Environment

• The Senior Associate will be working with Clients, facing them directly on a day-to-day basis – will be collecting the documentation from Clients and Investors.
• Regulatory changes in our external environment can impact the way processing is completed.
• Operating environment has changed against the external economic factors, e.g. Business Transformation a focus for the department e.g. Centralized Processes.
• The Senior Associate has full accountability for the reviews it completes on work done by the A1s & A2s.

Relationships - nature and type of interaction

• Superiors – provide direct support for managers and regular status updates to managers.
• Internal –
• Corporate Compliance Teams (Compliance and Regulatory Reporting).
• AML QA and Centralized AML teams

• External – interaction with clients and investors on Investor Services issues/Projects

  Job Boundaries (information about freedoms and constraints of the job)

• Autonomy for running the day-to-day task.

• Role holder is not responsible for changing policies or procedures. There are set AML process and procedures as well as set operational procedures in place - there is no autonomy to go outside of these and Supervisors must adhere to all noted AML policies. These must be deployed as agreed and signed off by Senior Management.
• The role holder is not responsible for resource management.

What we value

These skills will help you succeed in this role

• Ensuring the clients expectations are met and all deliverables are met accurately and in a timely manner.
• Understanding and dealing with the changing regulatory environment.
• Handling complex queries.
• Continuing to learn the IS AML process including applicable policies and procedures and the use of the Investor Services System.
• On the job training for A1s and A2s.
• Support business growth through the on boarding of new clients.
• Support manager to engage, develop and retain employees by creating an environment of continued learning.

Education & Preferred Qualifications

• Degree in Finance and/or Business-Related area (minimum 2.2) or relevant working experience.
• 3-5 years Investor Services/Fund Administration/AML/KYC experience (preferable Private Equity and Real Estate) with at least 1 year’s supervisory experience (or second level review experience).
• Proficient in Microsoft Office applications in particular Excel.
• Good working knowledge of AML legislation and policies and procedures.
• Experience in working to tight deadlines, with an ability to multitask and to work calmly under pressure.
• FATCA and CRS operational knowledge will be a plus

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

Principal Accountabilities

• Conduct Investor On-Boarding and Periodic Reviews with accordance to set AML standards.
• Collecting of AML investor documentation with accordance to set AML standards, for new onboarding or a change of circumstances of an existing account and verify it complies with policies and procedures
• Reviewing of AML documentation received for all investors submitted colleagues for AML review.
• Ensuring all AML documentation is saved to the DMS (Document Management System) for each investor, by type, and that the AML requirements per investor type as outlined on our internal checklists and AML policies and procedures are collected and verified.
• Acting as a point of contact for assigned Clients in relation to answering and assisting efficiently with all AML related queries/Issues.
• Ensuring daily, weekly and monthly deliverables are met in accordance with internal controls. Day to day processing of Investor AML reviews to ensure quick and effective Quality Assurance review and approval:
• Development and maintenance of strong client relationship
• Possess and continue to developing an in-depth knowledge of all internal policies and procedures including all operational procedures used during the AML Review to assist with
• Ensuring all AML documentation is received and checked from Clients
• Ensuring that all AML queries raised by Clients can be answered in detail and within the agreed SLA.
• All AML checklists points/steps in the authorization of AML are clearly understood
• All AML Team processes are strictly followed in accordance with the procedure documentation
• Responsible for monitoring and tracking Client communication in all shared mailboxes and assisting Clients with AML queries.
• Identify key priorities within the team on a daily basis act appropriately to ensure delivery of all tasks.
• Actively manage day to day relationship with Client contacts, Relationship managers and Compliance team, escalating issues to their manager when required.
• Preparation and distribution of AML reports.
• Act as a point of escalation for the team for technical and client queries providing an efficient and swift service to Investors.
• Foster and act as a role model to build risk awareness within the team.
• Proactively seek greater productivities in the team through process improvements & automation where applicable.
• Participate in department wide training efforts – draft and deliver training course and facilitate ‘on the job’ training

These skills will help you succeed in this role

• Ensuring the clients expectations are met and all deliverables are met accurately and in a timely manner.
• Understanding and dealing with the changing regulatory environment.
• Handling complex queries.
• Continuing to learn the IS AML process including applicable policies and procedures and the use of the Investor Services System.
• On the job training for A1s and A2s.
• Support business growth through the on boarding of new clients.
• Support manager to engage, develop and retain employees by creating an environment of continued learning