Financial Crimes Compliance - Monitoring and Surveillance ("M&S") Associate 2, Hybrid
Who we are looking for State Street operates a global Financial Crime Compliance (FCC) program that is designed to meet its legal and regulatory requirements. We are looking for someone to join our London based Monitoring and Surveillance ("M&S") team which is a key part of the Financial Crimes Compliance program. Monitoring and testing is conducted to detect potential breaches of regulatory obligations, corporate compliance standards, policies and procedures, and to monitor and test the effectiveness of existing controls to mitigate and manage money laundering and sanctions risks. This role can be performed in a hybrid model, with 3 days in the office and 2 days from home.
Why this role is important to us The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for As a Financial Crimes Compliance - Monitoring and Surveillance ("M&S") Associate you will -
Assist with and contribute to the development of the EMEA M&S testing plan for relevant financial crime risks and ensure the risk assessment findings for EMEA (and local jurisdictions), management practices and FLOD/ SLOD controls inform the scope of testing. Assist in conducting the M&S testing across specific Business Units and functions in line with requirements. Communicate with relevant stakeholders to understand business processes, possible gaps, and potential AML & Sanctions compliance shortfalls. Assist with AML and Sanctions M&S control reviews to comply with departmental methodologies and standards for planning, fieldwork, and reporting. Monitor open Compliance items that were opened as part of the M&S testing findings. Assist other teams within UK FCC with any urgent tasks as and when required. Work on ad-hoc projects/tasks as assigned.
What we value These skills will help you succeed in this role - Strong abilities in analytical thinking, research, and verbal and written communication. Able to exercise consistent judgment and present findings in clear, cogent, concisely written documents. Ability to work well both as an individual and part of a team. Strong attention to detail.
Education & Preferred Qualifications Higher level education (BTEC/ A-levels or above) or apprenticeship with a professional compliance qualification. Approx. 1+ year of experience working in a financial crimes, corporate compliance related role within financial services.
Additional requirements N/A
We offer: Core Benefits: Pension: Employer Contribution = 9% of Reference Base Salary. Employees can contribute up to 70% of salary into pension, and up to 100% of bonus. Any voluntary contributions will be topped up with an additional 5% by State Street. Private Medical Insurance Long Term Disability Cover 26 days holidays Annual season ticket loan Life Assurance Menopause Support Emergency Back-Up Care Participation in the State Street bonus scheme Non-Core Benefits: A large number of benefits are available to be selected during annual enrolment (each April), or as a new joiner via the My Benefits portal. These benefits include: Critical Illness insurance (self/ partner) Personal Accident insurance (self/ partner) Partner life assurance Gym membership (anytime benefit) Holiday trading Dental insurance Cycle to work scheme (anytime benefit) Travel insurance Discounts & cashback portal (anytime benefit) Car Salary Sacrifice Scheme (anytime benefit)
Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfill all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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. #J-18808-Ljbffr
Who we are looking for State Street operates a global Financial Crime Compliance (FCC) program that is designed to meet its legal and regulatory requirements. We are looking for someone to join our London based Monitoring and Surveillance ("M&S") team which is a key part of the Financial Crimes Compliance program. Monitoring and testing is conducted to detect potential breaches of regulatory obligations, corporate compliance standards, policies and procedures, and to monitor and test the effectiveness of existing controls to mitigate and manage money laundering and sanctions risks. This role can be performed in a hybrid model, with 3 days in the office and 2 days from home.
Why this role is important to us The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions that are straightforward and scalable. You will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for As a Financial Crimes Compliance - Monitoring and Surveillance ("M&S") Associate you will -
Assist with and contribute to the development of the EMEA M&S testing plan for relevant financial crime risks and ensure the risk assessment findings for EMEA (and local jurisdictions), management practices and FLOD/ SLOD controls inform the scope of testing. Assist in conducting the M&S testing across specific Business Units and functions in line with requirements. Communicate with relevant stakeholders to understand business processes, possible gaps, and potential AML & Sanctions compliance shortfalls. Assist with AML and Sanctions M&S control reviews to comply with departmental methodologies and standards for planning, fieldwork, and reporting. Monitor open Compliance items that were opened as part of the M&S testing findings. Assist other teams within UK FCC with any urgent tasks as and when required. Work on ad-hoc projects/tasks as assigned.
What we value These skills will help you succeed in this role - Strong abilities in analytical thinking, research, and verbal and written communication. Able to exercise consistent judgment and present findings in clear, cogent, concisely written documents. Ability to work well both as an individual and part of a team. Strong attention to detail.
Education & Preferred Qualifications Higher level education (BTEC/ A-levels or above) or apprenticeship with a professional compliance qualification. Approx. 1+ year of experience working in a financial crimes, corporate compliance related role within financial services.
Additional requirements N/A
We offer: Core Benefits: Pension: Employer Contribution = 9% of Reference Base Salary. Employees can contribute up to 70% of salary into pension, and up to 100% of bonus. Any voluntary contributions will be topped up with an additional 5% by State Street. Private Medical Insurance Long Term Disability Cover 26 days holidays Annual season ticket loan Life Assurance Menopause Support Emergency Back-Up Care Participation in the State Street bonus scheme Non-Core Benefits: A large number of benefits are available to be selected during annual enrolment (each April), or as a new joiner via the My Benefits portal. These benefits include: Critical Illness insurance (self/ partner) Personal Accident insurance (self/ partner) Partner life assurance Gym membership (anytime benefit) Holiday trading Dental insurance Cycle to work scheme (anytime benefit) Travel insurance Discounts & cashback portal (anytime benefit) Car Salary Sacrifice Scheme (anytime benefit)
Are you the right candidate? Yes! We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfill all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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. #J-18808-Ljbffr
