Risk Monitoring Associate

Who We Are Looking For

The Risk Monitoring Center of Excellence is looking for the right candidate to assist the team in performing a centralized first line defense function. The team evaluates payments and settlements that are suspended in queue due to insufficient funding or other risk flags. Risk Monitors identify and elevate transactions to the Business Lines and Enterprise Risk Management (ERM) to obtain details of covering funds and appropriate approvals for release to market.

The team you will be joining is part of State Street Global Services (SSGS). SSGS provides asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder record‑keeping to complete operations solutions and servicing for alternative assets such as OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

• Analyze and review transactions on a case‑by‑case basis, and resolve or escalate as needed.
• Ensure all transactions are actioned by market and currency deadlines.
• Ensure a full understanding and adherence to Corporate Risk Policy and Standard Operating Procedures.
• Participate in self‑testing and other related audit requirements.
• Support team initiatives, by learning and completing job related functions, thus meeting departmental goals and objectives.
• Respond promptly to client queries, and ensure a timely resolution.
• Perform functions utilizing various system applications including MCH, MTS, IBS, and Hogan.
• Meet accuracy and productivity targets as established by management.
• Perform all duties in accordance with prescribed regulatory compliance guidelines.
• Identify, elevate and/or report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines.

• Strong written and verbal communication skills.
• Ability to multitask, ensure accuracy and execute against pre‑determined deadlines.

• Bachelor’s degree or equivalent business experience.
• 1‑2 years of experience in the financial industry.

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.

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. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.

State Street is an equal opportunity and affirmative action employer.

$41,600 - $60,320 Annual (at the primary location specified; may differ elsewhere)

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.

Job : R-781529