KYC Senior Specialist , Associate 2

Job description

Purpose Of Role: The KYC Operations team primary role is to support Business Units in the timely and accurate delivery of the end to end AML / KYC process for onboarding new customers / accounts, completion of periodic reviews and event driven reviews of existing customers / accounts to comply with State Street's AML Policy and Standards. The team provide Customer Identification Program (CIP), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) services to State Street’s Business Units globally. The KYC Team is tasked with collecting and analyzing client data, documents and publicly available information on State Streets’ new and existing clients, including the screening of entity names against various sanctions lists and performing the Customer Anti-Money Laundering risk assessment. Within quality assurance tasks KYC Team aim to minimize regulatory, monetary and reputational risk by ensuring accuracy and completeness of KYC records through a 4 eyed quality assurance process. Specific Duties: 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 s...