Anti-money Laundering, Off - Bengaluru, India - State Street

State Street
State Street
Verified Company
Bengaluru, India

1 week ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

Position Description:


The Anti-Money Laundering (AML) & Sanctions Screening group manages enterprise systems that using sophisticated algorithms, screen names on transactions and entities (customers, investors, securities, brokers, and vendors) against government and industry provided lists.

This screening is done to fight financial crimes and support foreign policy and national security goals of jurisdictions in which State Street performs business, against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy.

The AML & Sanctions Screening Operations Team provides screening services on transactions, customers, securities, etc. in support of the AML & Sanctions Compliance functions.

The group will implement, upgrade and maintain screening systems that are integrated with core and critical systems across the bank, and will therefore require careful management and thoughtful analysis.

The AML & Sanctions Screening group is looking for an experienced individual

Additional responsibilities

  • Maintain regulatory and internal list for various screening tools based on expectations laid in the screening standards
  • Participate in the False Hit Mitigation analysis and implementation process.
  • Monthly Matrix and reporting for management etc.
  • Review procedures and controls on an annual basis and update as required.
  • Work closely with technology, business analysis and implementation teams during the planning phase for various entity and transactions screening projects
  • Designing and or perform assigned, complex daily operations and processes.
  • Act as primary contact and escalation point for operational issues
Additional qualifications

  • Familiarity with Firco Continuity (Transaction) and Firco Trust (Entity) screening or other screening (a.k.a. watch list filtering) systems is preferred, but not required.
  • Knowledge of financial transaction types such as SWIFT MT and MX, FED Wires, CHIPS, SEPA, ACH, etc. is a plus
  • Familiarity with sanction screening (a.k.a. watch list filtering) False Hit Mitigation techniques and similar operational activities is preferred, but not required
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