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Risk Monitoring - Associate 2

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State Street

1mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Government & Politics
  • Quick Apply

AI generated summary

  • You need strong analytical and time management skills, team support experience, proficiency in Excel, and 1-3 years in finance, preferably with AML exposure. Flexibility with shifts is essential.
  • You will analyze transactions, escalate suspicious activities, meet deadlines, support audits, respond to client queries, ensure report accuracy, contribute to training, and maintain compliance.

Requirements

  • Excellent time management skills and ability to meet tight deadlines
  • Strong analytical skills and risk-oriented mindset
  • Ability to work in a team environment by providing support, assistance and guidance
  • Advanced skills in Microsoft Excel, Word and PowerPoint
  • Excel Visual Basic Application skills (preferred but not required)
  • SWIFT experience preferable
  • Strong written and verbal communication skills
  • Ability to multitask, ensure accuracy and execute against pre-determined deadlines
  • Bachelor’s degree or equivalent business experience
  • 1-3 years of experience in the financial industry preferably with AML exposure
  • The candidate is required to work in flexible shifts

Responsibilities

  • Analyze and review transactions on a case by case basis, and resolve or escalate as needed
  • Identify, escalate and/or report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines
  • Ensure all transactions are actioned by deadlines
  • Ensure a full understanding and adherence to corporate Risk Policy and Standard Operating Procedures
  • Participate in self-testing and other related audit requirements
  • Support team initiatives, by learning and completing job related functions, thus meeting departmental goals and objectives
  • Respond promptly to client queries, and ensure a timely resolution
  • Ensure all daily/monthly reports are processed accurately and efficiently to meet internal standards and team goals
  • Perform functions utilizing various system applications including MCH, IBS, and Fircosoft
  • Support manager to implement team development strategies
  • Identify problems and exposures, explore solutions and continually scan the environment for new information, ideas and approaches. Understand and respond positively to change.
  • Meet accuracy targets as established by management
  • Actively contribute in the training and on-boarding of new employees
  • Performs all duties in accordance with prescribed regulatory compliance guidelines
  • Develop and maintain procedures

FAQs

What is the main responsibility of the Risk Monitoring - Associate 2?

The main responsibility is to identify and escalate transactions involving parties subject to economic sanctions or other regulatory restrictions, ensuring compliance with corporate policy and regulatory guidelines.

What skills are required for this position?

Required skills include excellent time management, strong analytical skills, teamwork abilities, advanced proficiency in Microsoft Excel, Word, and PowerPoint, and effective written and verbal communication skills.

What experience is preferred for applicants?

A Bachelor’s degree or equivalent business experience is required, along with 1-3 years of experience in the financial industry, preferably with exposure to Anti-Money Laundering (AML).

Is experience with SWIFT necessary for this role?

While SWIFT experience is preferable, it is not mandatory for applicants.

What are the working hours for this position?

The candidate is required to work in flexible shifts.

How is performance measured in this role?

Performance is measured based on accuracy targets established by management, timely resolution of client queries, and the ability to meet tight deadlines.

Will I have opportunities for professional development?

Yes, State Street offers a wealth of development programs and educational support to help employees reach their full potential.

What does the team do in terms of compliance?

The team performs a centralized first line of defense function by evaluating SWIFT messages and coordinating compliance with sanctions and other regulatory measures in accordance with corporate Risk Policy.

Does State Street promote a diverse and inclusive work environment?

Yes, State Street believes that diverse backgrounds, experiences, and perspectives are essential to creating an inclusive environment, and they actively engage in community involvement.

Are there benefits available to employees?

Yes, State Street offers competitive and comprehensive benefits packages, including medical care, insurance, savings plans, and flexible work programs.

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State Street

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.