First Line GAC Support - Senior Associate

STATE STREET CORPORATION; Chennai District; On-site; INR 700,000 - 1,100,000; Full time

Job summary

State Street Corporation in Chennai is seeking a KYC professional to provide end-to-end AML/KYC support for clients such as banks, mutual funds, pension plans, and alternative investment funds. You will conduct CIP/CDD, validate documentation, perform risk assessments in KYCP, and liaise with RM's to obtain missing information.

The role requires knowledge of Lexis-Nexis, strong Excel/Word skills, and the ability to meet strict deadlines.

Qualifications

• Understanding end-to-end KYC process.
• Ability to perform KYC reviews on various entity types (Trusts, Hedge Funds, SPV, Pension plans).
• Experience with negative searches and Lexis-Nexis.
• Understanding of controlling party and ownership structures.

Responsibilities

• Onboard new clients by identifying KYC requirements using the KYC Metrix Checklist.
• Liaise with client representatives or RM to obtain missing information and CDD details.
• Ensure AML/KYC policy requirements and CIP/CDD procedures are followed.
• Complete CIP/CDD documentation for all customers per policies.
• Ensure risk assessments are completed prior to account opening.
• Validate CDD docs from websites/vendors and request missing docs.
• Review and track CDD docs per KYC Policies & Procedures.
• Screen names and parties against lists.
• Perform End-to-End Risk assessment in KYCP.

Skills

End-to-end KYC process

KYC reviews for multiple entities

Lexis-Nexis

Controlling party/ownership structure

Time management

Excel

Word

Attention to detail

Customer service

Shift flexibility

Education

Graduate and above

Tools

LexisNexis

KYCP

Excel

Word

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.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 tasksGood Microsoft Excel and Word skillsAbility to perform effectively to strict deadlinesMust be detailed oriented and analytical and should possess strong customer service skills.Education & Preferred Qualifications:Graduate and aboveKnowledge of AML/ KYC is essential with at least 3 to 6 year on AML experienceAccuracy in processing in line with SOPs with minimum errorsFlexible to work in shifts and extended working hours if required.About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO Statement