Who we are looking for

We are looking for an experienced professional to join the Red Flag Coverage & Strategy Team within Financial Crimes Compliance, located in Boston or New Jersey. The Anti-Money Laundering (AML) Strategy & Risk AVP will support the annual Red Flag Coverage Assessment, which involves the identification, evaluation, and documentation of applicable money laundering risk indicators (i.e., red flags) and corresponding controls across the enterprise. This role will also ensure alignment between the Red Flag Coverage Assessment results and the organization’s Transaction Monitoring (TM) Roadmap, which is a strategic plan that maps out the key projects, priorities, and milestones necessary to achieve our transaction monitoring objectives. In addition to red flag alignment, you will also coordinate between our first line, second line, and technology partners to ensure that TM Roadmap priorities directly advance our TM strategy, driving innovation and efficiency, while simultaneously upholding regulatory and audit commitments and maintaining rigorous governance standards.

This role will be performed in a hybrid model (4 days onsite, 1 day remote) out of Boston or Quincy office.

Why this role is important to us

The Financial Crimes Compliance function plays a critical role in protecting the firm and the financial system by identifying and escalating potentially suspicious activity. Identifying applicable money laundering red flags and aligning our transaction monitoring strategy to those red flags is critical to that mission.

What you will be responsible for

As AML Strategy & Risk AVP you will:

• Assist with new guidance reviews, red flag inventory updates, and execution of the annual AML Red Flag Coverage Assessment

• Evaluate first line survey responses, be a key participant in risk workshops, and document red flag results and existing controls

• Ensure transaction monitoring roadmap priorities align with the outcomes from the Annual AML Red Flag Coverage Assessment

• Facilitate roadmap planning sessions, including trade-off discussions to ensure high-impact enhancements are prioritized while fulfilling critical regulatory and audit commitments

• Manage the intake and prioritization of new demand items stemming from business expansion initiatives and regulatory/audit requirements

• Maintain documentation for roadmap procedures, decisions, timelines, and status updates

• Proactively identify issues that could impact the timely delivery of roadmap projects and work with relevant stakeholders to resolve those issues

• Assist with status updates to senior leadership and relevant working groups and committees

What we value

These skills will help you succeed in this role

• Functional Understanding of AML Principles: Working knowledge of AML regulatory requirements and transaction monitoring programs and control frameworks

• Expert command of MS office suite: Advanced proficiency creating “board-ready” deliverables including data modeling in Excel, high-impact strategic decks in PowerPoint, and formal policy/procedure documentation in word

• Elite Documentation Standards: Exceptional attention to detail in technical and regulatory writing, ensuring all project governance, audit trails, and meeting outcomes are documented to a high standard of defensibility for internal and external examiners

• Information Synthesis & Distillation: Ability to distill complex information into clear, actionable insights for stakeholders and steering committees

Education & Preferred Qualifications

• Undergraduate degree or higher, preferably in finance, accounting, or business analytics

• Advanced proficiency with MS office suite is required

• 4+ years of experience within a financial services environment

• 2+ years of experience with anti-money laundering

• PMP certification is a plus

• CAMS certification is a plus

• Experience with custody, transfer agency, or wealth management are a plus

Salary Range:

$80 000 - $140 000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

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.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

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.

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It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.