State Street Corporation - Quincy, MA
posted 2 months ago
The RMCoE Sanctions Screening team at State Street plays a crucial role in the centralized first line of defense against financial crime. This team is responsible for evaluating SWIFT messages that contain "Stop Phrases and Stop Entities" as established by the Office of Foreign Assets Control (OFAC), Section 311 - Special Measures, and internal global lists maintained by State Street. The primary objective of the Sanctions Screening Monitors is to mitigate risk and ensure compliance with both corporate and regulatory objectives. In this role, you will analyze and review transactions on a case-by-case basis, resolving or escalating issues as necessary. It is essential to identify, escalate, and report any unusual or potentially suspicious transaction activity in accordance with corporate policies and guidelines. You will ensure that all transactions are processed by market and currency deadlines, maintaining a full understanding and adherence to corporate Risk Policy and Standard Operating Procedures. Participation in self-testing and other audit-related requirements is also a key responsibility. You will support team initiatives by learning and completing job-related functions, contributing to departmental goals and objectives. Responding promptly to client queries and ensuring timely resolution is critical. Additionally, you will be responsible for processing daily and monthly reports accurately and efficiently to meet internal standards and team goals. Utilizing various system applications, including FIRCO, MTS, MCH, and IBS, is part of your daily functions. Supporting the manager in implementing team development strategies and meeting accuracy and productivity targets set by management are also essential aspects of this position. Furthermore, you will actively contribute to the training and onboarding of new employees, ensuring that all duties are performed in accordance with prescribed regulatory compliance guidelines.