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Banking Jobs-KYC- Associate 2-State Street

Website State Street Corporation

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Banking Jobs-KYC- Associate 2-State Street

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Functional Job Title:

KYC Associate 2

Reports To:

KYC Team Lead


State Street Corporate Services (Mumbai) Pvt. Ltd.


The KYC Shared Services department provides a Customer Due Diligence (CDD) service to State Street business unites utilizing the Bangalore KYC Shared Service. The department is tasked with verifying the identity of customers of State Street business units, risk profiling those customers from a money-laundering perspective and completing periodic money-laundering risk reviews.

CDD must be completed in accordance with State Street KYC / Anti-Money Laundering Compliance policies and procedures. CDD is completed on all clients, customers, accounts and sub-accounts (collectively ‘customers’) of State Street.  This is a permanent position within the department in Bangalore.

Banking Jobs-KYC- Associate 2-State Street


Responsibilities will include: –

  • Validating CDD documentation provided by the business independently from various websites and vendors and requesting missing documentation
  • Reviewing and tracking CDD documentation for all customers in line with applicable KYC Policies & Procedures
  • Screening customer’s names and other parties against various lists
  • Completing the necessary forms and documentation required to support CDD as fully auditable
  • Notifying local management of operational issues
  • Completing KYC risk assessment using corporate compliance tools and methods prior to account opening and on an on-going basis
  • Engaging with State Street business units and providing updates and the necessary reports to   KYC managers for use in reporting to Compliance and business oversight teams
  • Interact with oversight teams as required
  • Gathering and compiling MIS on customers’ and underlying investors CDD
  • Preparing status reports to senior management
  • Updating and maintenance of the team’s database


Education and Experience

  • Graduate and above preferably in Finance
  • Fair understanding and exposure to KYC process
  • Flexible to work in shifts and extended working hours if required.


  • Possess good understanding on end to end KYC process.
  • Ability to perform KYC reviews on different entity types, such as Individuals, Trusts, Hedge Funds, regulated entities, SPV etc.
  • Should have worked on World Check, Lexis-Nexis and negative searches.
  • Understanding of ownership structure.
  • Ability to communicate confidently, efficiently and clearly in both written and verbal forms
  • Strong time management skills
  • Flexibility in re-prioritising tasks
  • Excellent Microsoft Excel and Word skills
  • Ability to perform effectively to strict deadlines

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