AML Transaction Monitoring Senior Quantitative Analyst, Vice President, Hybrid

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 Analyst, you will help support and document the performance of state-of-the-art models, methods, and features. You will support the validation, monitoring, and performance reporting of transaction monitoring models to key stakeholders, as well as other Financial Crimes processes. As a member of the transaction monitoring 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 data transparency and AML compliance needs.

This role can be performed in hybrid model (4 days in Boston office, 1 day remote).
 

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. This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements (4 days per week from the office, 1 day per week from home).

Major Responsibilities:

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

• Challenge existing monitoring approaches to identify potential improvements via development of alternative designs and enhanced testing

• 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

• Apply 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

• Leverage strong business and communication skills to identify and resolve anomalies such as data exceptions, code issues,

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 anti-money laundering compliance, data management, data analysis, transaction monitoring, and model ownership

• Knowledge of financial crime platforms including Actimize, Fircosoft, DataBricks, AWS, and related technology preferred

• Proficiency with banking and financial markets preferred
   

Skills and Experience:

• History of creating transaction monitoring controls (not limited to models) to mitigate financial crime risk

• Fluency in a number of modeling methods and technologies

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

• Strong skills leading initiatives and building positive business partner relationships

• Demonstrated ability to influence critical business outcomes in a matrix based, global environment

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

• Familiarity with anti-money laundering laws and controls
   

Competencies:

• Drive and commitment to the mission

• 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