Wealth Transaction Monitoring Lead Analyst, Vice President

State Street • Boston, MA

26d • $110,000 - $188,750 • Hybrid

About The Position

The Wealth Transaction Monitoring Lead is responsible for the continued design and deployment of suspicious activity monitoring models within State Street’s Financial Crimes Compliance (FCC) function. The role focuses on developing, testing, implementing, and operating suspicious activity monitoring models and investigative tools to mitigate financial crime risks specific to the Wealth and broker-dealer business.

The Lead Analyst engineers models, methods, and features that support Wealth and broker-dealer products and integrates them with other AML functions. The position documents, monitors, and reports model performance to stakeholders and uses technology to develop proofs of concept and evaluate software efficacy. It partners with Wealth business stakeholders, data stewards, FCC, IT teams, and regulators to explain customer and transaction journeys, identify financial crime risks, and align business priorities with effective monitoring controls.

The position may be performed in a hybrid model, with a standard schedule of four days on site and one day remote. Preferred locations are Boston or Quincy, Massachusetts; applicants from Stamford, Connecticut; Princeton or Clifton, New Jersey; and Berwyn, Pennsylvania will also be considered.

Requirements

• At least 4 years of experience in suspicious activity monitoring within a broker-dealer or Wealth business environment, including data analysis, data modeling, and risk identification.
• Strong hands-on SQL and Python skills and demonstrated analytical expertise in AML model and scenario development and transaction monitoring.
• Bachelor’s degree in a quantitative discipline, such as Mathematics, Physics, Statistics, Finance, Computer Science, Data Science, or a related field.
• Knowledge of broker-dealer products, client types, account structures, transaction types, and applicable financial crime risks.

Nice To Haves

• An advanced degree.
• Experience utilizing and deploying AML transaction monitoring, trade or transaction surveillance, data analytics, or investigative solutions in a broker-dealer or Wealth environment.
• Prior experience as a model owner or in a comparable model governance role.
• Proficiency with Agile software development methodology, Databricks, and related database tools and technology.
• Working knowledge of related financial crime subject matter, such as KYC, investigations, and risk assessments.

Responsibilities

• Support FCC and Wealth stakeholders in developing and documenting suspicious activity monitoring models and scenarios.
• Fulfill model owner responsibilities, including model development documentation, implementation plans, testing support, change governance, and ongoing monitoring.
• Develop business and technical requirements, including user stories, for monitoring Wealth and broker-dealer customers, accounts, transactions, counterparties, and entities.
• Use SQL, Python, and data analysis techniques to profile data, engineer features, assess model or scenario performance, investigate outliers, and support threshold or segmentation analysis.
• Translate broker-dealer business activities, products, customer behaviors, and financial crime risks into data requirements, monitoring features, scenarios, and investigative workflows.
• Improve FCC operational efficiency through the design and enhancement of investigative tools and analytics.
• Collaborate with AML Compliance teams, including policy, risk assessment, KYC, sanctions, investigations, and data management, to identify data sources and controls supporting models and applications.
• Partner with Wealth stakeholders, IT, data stewards, model risk management, and other control functions throughout model development, testing, implementation, validation, and ongoing monitoring.
• Assess and challenge the accuracy and effectiveness of models, scenarios, data, and processes through performance assessment, issue investigation, and continuous monitoring.
• Produce clear, complete, audit-ready documentation and communicate technical analysis to business, technology, model risk, audit, and regulatory stakeholders.

Benefits

• Retirement savings plan (401K) with company match.
• Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
• Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
• Access to an Employee Assistance Program.
• Eligibility for annual performance-based incentive 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, and employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior