Job Description

: Who we are looking for: Looking for KYC professional who understand and can provide end-to-end support to different types of customers like banks, mutual funds, pension plans etc., especially hands on experience to alternative investment Fund client types such as Hedge and Private Equity funds. The incumbents should be aware of Simplified Due Diligence (SDD), Enhanced Due Diligence, Risk Rating techniques, screening tools (e.g., Prime), Expected vs, Actual analysis etc. The incumbents should also be aware of drill downs related to Controlling parties and BO structures. Why this role is important to us: The team you will be joining is Global AML Center (GAC), a centralized processing center and center of excellence performing AML/KYC for all business units of State Street. The Unit is responsible for entire gamut of AML/KYC functions including Periodic Review/Refresh, Event Driven Reviews, New Business Client onboarding and Offboarding functions. What you will be responsible for: Onboarding of new clients such as alternative investment funds by understanding the client type and accordingly collect the KYC requirements by running the KYC Metrix Checklist. Liaise with client representatives or RM\'s to obtain missing information, product details and other CDD details. Ensure State Street AML/KYC Compliance Policy requirements are met and that CIP/CDD procedures are followed. Manage the completion of CIP/CDD documentation for all customers in line with applicable AML Policies & Procedures. Ensuring KYC / Anti-Money Laundering risk assessments are completed prior to account opening. Preparation of daily/Weekly/monthly reports for senior management showing the status of the cases (like, cases under review, cases with RM\'s, Cases in Checker Queue and Cases completed). Validating CDD documentation provided by the business independently from various websites and vendors and requesting missing documentation. Reviewing and tracking CDD documentation for all customers in line with applicable KYC Policies & Procedures. Screening customer\'s names and other parties against various lists. Performing End to End Risk assessment of the customer profile in KYC Platform (KYCP). What we value: These skills will help you succeed in this role: Possess good understanding on end to end KYC process. Ability to perform KYC reviews on different entity types, such as Trusts, Hedge Funds, regulated entities, SPV, Pension plans etc. Should have worked on negative searches and hands on experience of Lexis-Nexis. Understanding of controlling party and ownership structure. Strong time management skills and flexibility in re-prioritizing tasks Good Microsoft Excel and Word skills Ability to perform effectively to strict deadlines Must be detailed oriented and analytical and should possess strong customer service skills. Shit Timing : 5pm - 2am Work Location : Bangalore Education & Preferred Qualifications: Graduate and above Knowledge of AML/ KYC is essential with at least 5+ years on AML experience Accuracy in processing in line with SOPs with minimum errors Flexible to work in shifts and extended working hours if required. Secondary Skills (Good to Have) Exposure to processing KYC for Banks, Mutual Funds, Pension Plans, Charities, Non profit organizations, NGO\'s, foundations etc. Knowledge of World Check, Prime Check & Lexis Nexis etc. 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 in locations, but you may expect generous medical care, insurance and savings plans among other perks. You\'ll have access to flexible Work Program 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 perspective 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 the 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 program 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

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