Risk Monitoring, Associate

State Street Corporation
Quincy, USA
29 Jun 2022
09 Jul 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for
The Risk Monitoring Center of Excellence is looking for the right candidate to assist in assisting the team perform a centralized first line defense function. The team evaluates Payment and Settlements which suspend in queue due to insufficient funding or other Risk flags. Risk Monitors identify and escalate transactions to the Business Lines and Enterprise Risk Management (ERM) to obtain details of covering funds and appropriate approvals for release to market.

Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives 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 recordkeeping, to complete operations solutions and servicing for alternative assets like 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.

What you will be responsible for
As Risk operations A2 you will
  • 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
  • Performs all duties in accordance with prescribed regulatory compliance guidelines
  • Identify, escalate and/or report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines

What we value
These skills will help you succeed in this role
  • Strong written and verbal communication skills
  • Ability to multitask, ensure accuracy and execute against pre-determined deadlines

Education & Preferred Qualifications
  • Bachelor's degree or equivalent business experience
  • 1-2 years of experience in the financial industry

Additional requirements

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

COVID-19 Protocols: Complying with State Street's COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.
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