What are the responsibilities and job description for the Risk Monitoring, Associate 2 (Shift Timings: - 11 AM to 7:30 PM EST) position at State Street?
Shift Timings: - 11 AM to 7:30 PM EST
Who We Are Looking For
We are looking for a bright, enthusiastic, and hard-working individual with a keen interest in learning accounting for complex investment transactions and structures (including risk mitigation activities) in a dynamic, challenging, and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by well-developed procedures and controls. We offer you a challenging career in a rapidly expanding international company with a professional, yet casual, work environment.
Why this role is important to us:
The team you will be joining is a part of State Street Global Delivery. Global Delivery helps our clients achieve better investment outcomes by serving as the foundation of our organization. We perform all operational functions required to produce the back and middle office products and services that clients have contracted with State Street to provide while managing risk. Our services include custody, accounting, fund administration, transfer agency, middle office and cash processing services for asset managers, asset owners, alternative investors and insurance companies across the full range of asset classes.
The team you will be joining is a part of State Street Global Delivery. Global Delivery helps our clients achieve better investment outcomes by serving as the foundation of our organization. We perform all operational functions required to produce the back and middle office products and services that clients have contracted with State Street to provide while managing risk. Our services include custody, accounting, fund administration, transfer agency, middle office and cash processing services for asset managers, asset owners, alternative investors and insurance companies across the full range of asset classes.
What you will be responsible for
- 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 market and currency 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 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 FIRCO, MTS, MCH and IBS
- Support manager to implement team development strategies
- Meet accuracy and productivity 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
Required Qualifications, Skills and Capabilities
- Bachelor’s degree or equivalent business experience
- 0-2 years of experience in the financial industry preferably with AML exposure
- Excellent attention to detail
- Strong analytical skills and risk- oriented mindset
- Ability to work in a team environment by providing support, assistance and guidance
- Advanced PC skills
- 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
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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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
Salary Range:
$41,600 - $60,320 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
State Street's Speak Up Line
Salary : $41,600 - $60,320
