State Street - Custody and Complex Operations Team - Risk Monitoring Intern - Summer 2026

State Street•Boston, MA

About The Position

The RMCoE Sanctions Screening and credit monitoring team performs a centralized First Line of Defense (FLoD) function. The team evaluates SWIFT and Fedwire messages for Sanctions and/or Credit Risk monitoring purposes. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Requirements

Excellent attention to detail
Dependable
Strong analytical skills and risk- oriented mindset
Ability to work in a team environment
Advanced skills in Microsoft Excel, Word and PowerPoint
Strong written and verbal communication skills
Ability to multitask, ensure accuracy and execute against pre-determined deadlines

Responsibilities

Analyze and review transactions on a case by case basis, and resolve or escalate as needed
Ensure all transactions are actioned by deadlines
Timely escalations of suspended transactions; sanctions hits and insufficient funding for credit
Ensure a full understanding and adherence to corporate Risk Policies and Standard Operating Procedures
Participate in self-testing and other related audit requirements
Respond promptly to client queries, and ensure a timely resolution
Perform functions utilizing core system applications
Meet accuracy targets as established by management
Performs all duties in accordance with prescribed guidelines

Benefits

retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks