Risk Monitoring Associate 2

State Street • Quincy, MA

12d

About The Position

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.

Requirements

• 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

Responsibilities

• 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

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees