Anti-Money Laundering, Associate

Welcome to State Street, where we are committed to protecting the integrity of the global financial system. We are currently seeking a detail-oriented and motivated individual to join our team as an Anti-Money Laundering (AML) Associate. In this role, you will play a vital part in detecting, preventing, and reporting any potential money laundering activities. As an AML Associate, you will have the opportunity to work alongside a dedicated team of professionals and make a significant impact in the fight against financial crime. To excel in this role, we are looking for someone with a strong understanding of AML regulations and compliance, excellent analytical skills, and a passion for upholding ethical standards. If you are ready to take on a challenging yet rewarding role, we encourage you to apply and become a part of our dynamic organization.

1. Conduct thorough investigations and analysis of financial transactions to identify potential money laundering and other financial crimes.
2. Monitor and review account activity for suspicious transactions, and escalate any concerns to management.
3. Keep up-to-date with AML regulations and industry best practices to ensure compliance and identify any potential vulnerabilities in our processes.
4. Collaborate with internal departments and external partners to gather necessary information and documentation for investigations.
5. Prepare and submit reports to regulatory agencies as required.
6. Maintain accurate and organized records of all investigations and findings.
7. Identify and recommend improvements to current AML policies and procedures.
8. Participate in training and education programs to enhance knowledge and skills related to AML.
9. Communicate and collaborate effectively with team members to ensure the smooth functioning of AML processes.
10. Uphold ethical standards and promote a culture of integrity and compliance within the organization.
11. Demonstrate a high level of attention to detail and accuracy in all tasks and responsibilities.
12. Adhere to strict confidentiality and security protocols to protect sensitive information.
13. Remain vigilant and proactive in identifying and addressing potential risks or red flags related to financial crime.
14. Support and assist in any other AML-related tasks or initiatives as needed.

According to JobzMall, the average salary range for a Anti-Money Laundering, Associate in Boston, MA, USA is $52,000 - $90,000 per year. However, this can vary depending on factors such as experience, education, and the specific company or industry.

State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792.