AML Transaction Monitoring Senior Manager, Vice President

Who we are looking for

State Street Corporation is building a transformational Anti-Money Laundering (AML) program by executing innovative and effective transaction monitoring strategies.

As an AML Transaction Monitoring Senior Manager, Vice President, your main responsibility will be to present and demonstrate soundness of AML transaction monitoring program tools and architecture to senior internal stakeholders (i.e. risk, audit) and regulators.

To achieve this, you will help engineer state-of-the-art models, methods, and features required to support transaction monitoring and across other AML functions, in part via migration to and utilization of cloud-based capabilities. You will document, monitor, and report on the performance of the models to key stakeholders. While leading the data science team, you will leverage leading technology to develop POCs and test software efficacy based on industry experience across the AML and bank risk technology space.  You will also play a significant role in partnering with business units, data stewards, and IT teams for a better understanding of the customer journey across multiple lines of business and set the roadmap to support both business line transparency and AML compliance needs.

This role can be performed in a hybrid model (4 days on site, 1 day remotely) to balance your needs and the role requirements. Permissible offices locations are: Boston and Quincy, MA; Jersey City and Clifton, NJ; Stamford, CT; Irvine and Sacramento, CA; Atlanta, GA; Kansas City, MO; Berwyn, PA; Austin, TX.

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.
 

Major Responsibilities:

• Key aspect of the role is to present and demonstrate soundness of AML transaction monitoring program tools and architecture to senior internal stakeholders (i.e. risk, audit) and regulators
   

• Support AML and business stakeholders with the development of analytic insights and models that are thoroughly tested and documented

• Foster confidence in the accuracy and effectiveness of models and processes through continuous challenge and ongoing monitoring

• Consume data from AML stakeholders including the FIU to translate qualitative AML risk factors into responsive risk models leveraging new technology

• Synthesize data into features and analytic frameworks to support ongoing financial crime risk mitigation strategies

• Support the application of economic, quantitative, and statistical skills in the development of models to support profitable growth while mitigating financial crime risk

• Develop statistical models and algorithms to identify data anomalies and support risk identification efforts

• Analyze and maintain appropriate data sourcing and management options to support a variety of models and applications

• Leverage strong business and communication skills to identify and resolve data gaps, code issues, while mining data for insights and patterns

Education/Certifications:

• Bachelor’s degree in a quantitative discipline, such as Mathematics, Physics, Statistics, Finance or related field, advanced degree preferred

• 6+ years of experience in data management, data forensics, reference or transactional data management, data governance, data engineering data architecture, data modeling or data analysis experience

• Experience with MDM tools or products (e.g. SAP MDG, Informatica, etc)

• Strong SQL, R, Python, experience required

• Proficiency with Actimize, Fircosoft, DataBricks, AWS, Informatica, and related database tools and technology preferred

• Proficiency with banking and financial markets preferred

Experience:

• Experience in influencing critical business outcomes in a matrix based, global environment

• Experience working with data and analytic solutions and the science behind them, either as a builder/provider of these solutions or as a client that uses them

• Familiarity with data privacy laws and controls (like: GDPR)

Skills:

• Excellent verbal and written communication and collaboration skills to effectively communicate with both business and technical development teams

• Strong networking skills and ability to work across multiple organizations to accomplish diverse goals

• Strong skills leading teams and building positive business partner relationships

• Drive and commitment to the mission

• Comfortable working in a fast-paced, results-oriented environment

• Results oriented

• Innovative and Analytical

• Customer focused

What we offer

Wide range of benefits, including:

• Medical

• Prescription Drug

• Health Savings Account (HSA)

• Flexible Spending Accounts (FSAs)

• Dental

• Vision

• Employee-Paid Life and Accidental Death & Dismemberment (AD&D) Insurance

• Employee-Paid Long-Term Disability

• Critical Illness Insurance

• Accident Insurance & Hospital Indemnity Insurance

• Business Travel Accident Insurance

• Short-Term Disability

• Identity Theft Protection

• Legal Benefits

• BeWell Programme

• Paid Time Off

• Employee Assistance Program (EAP)

• Salary Savings Program (SSP)

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 fulfil 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. 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:

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.

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