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.
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.
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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 : Ok with any shift
Work Location : Bangalore
Education & Preferred Qualifications:
Graduate and above
Knowledge of AML/ KYC is essential with at least 6 to 8 year 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
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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