Who we are looking for:
We are looking for KYC Lead Specialist who can support Business Units in the timely and accurate delivery of the end-to-end AML/KYC process for onboarding new customers and accounts, completion of periodic reviews and event-driven reviews of existing customers and accounts to comply with State Street’s AML Policy and Standards.
You will provide Customer Identification Program (CIP), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) services to State Street’s Business Units globally.
You will be tasked with collecting and analyzing client data, documents and publicly available information on State Street’s new and existing clients, including the screening of entity names against various sanctions lists and performing the Customer Anti-Money Laundering risk assessment.
What you will be responsible for
The KYC Lead Specialist will
• Perform Know Your Customer due diligence in line with applicable AML Policies, Standards & Procedures, prior to account openings and on an on-going basis.
• Create KYC profiles in the system of record.
• Complete the necessary forms required to support CIP / CDD.
• Screen client names and other parties in line with State Street Screening Standards.
• Source required CDD documentation independently from various internal and external sources (regulatory websites, company websites, Banker’s Almanac, Lexis Nexis, World Check etc.)
• 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, escalating when required.
• Ensure all assigned tasks are correctly maintained on designated tracking / reporting tool.
• Assist with external regulatory examinations or testing.
• Follow the speak up, listen up values - including timely escalation of AML concerns, suspicious activity or any corporate policy breaches.
• Notify local management of operational issues.
• Attend and participate in AML awareness training sessions to continue to enhance the quality of deliverables.
• Support ad hoc and/ or strategic projects as required.
• Complete enhanced due diligence on high risk customers / accounts.
• Perform EDD monitoring and PEP analysis as required.
• Assist team members with sourcing relevant information and documentation required for CIP / CDD completion.
• Assist in facilitating AML awareness training sessions across the team to continue to enhance the quality of deliverables.
• Act as a KYC subject matter expert; providing technical expertise and guidance to all KYC specialists as needed.
• Collaborate and lead conversations with key stakeholders with regards to the execution and accurate tracking of key deliverables from the Global AML Center.
• Providing support to the KYC Operations Manager if required.
• Act as deputy to the KYC Operations Manager in their absence.
• Demonstrate commitment to AML risk excellence through the timely and accurate completion of the firm’s “know your customer” due diligence requirements, including for periodic / event driven reviews and in respect of expected v actual transaction activity review.
• Maintain role-specific knowledge of the 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.
What we value
These skills will help you succeed in this role:
• Advanced knowledge of anti-money laundering / know-your-customer regulations and processes.
• KYC process experience for different entity types, such as Trusts, Hedge Funds, regulated entities, SPV etc. would be an advantage (1 year+)
• Experience of analysing complex ownership structures to determine risk exposure and applicable AML/KYC requirements, including jurisdictional uplifts is desirable.
• Experience with Prime,…