Wealth Transaction Monitoring Lead Analyst, Vice President

Who we are looking for

This role is the Wealth Transaction Monitoring Lead responsible for the continued design and deployment of suspicious activity monitoring models within State Street’s Financial Crimes Compliance (FCC) function. The role is specifically focused on mitigating financial crime risks arising from broker-dealer customers, brokerage accounts, securities activity, cash movements, and related Wealth products and services.

Direct broker-dealer experience is a core requirement for this role. Candidates must have at least 6 years of relevant experience in AML transaction monitoring or surveillance within a broker-dealer environment, including hands-on responsibility for data analysis, data modeling, scenario development, or risk identification

You will help engineer state-of-the-art models, methods, and features supporting broker-dealer and Wealth activity and integrate them effectively with other AML functions. This requires practical knowledge of brokerage products, customer and account structures, securities and cash transaction flows, trade lifecycles, clearing and custody processes, and broker-dealer-specific financial crime risks. You will document, monitor, and report model performance to key stakeholders and leverage leading technology to develop proofs of concept and evaluate software efficacy.

You will play a significant role in partnering with broker-dealer and Wealth business stakeholders, data stewards, FCC, IT teams, Model Risk Management, Internal Audit, and regulators. You must be able to explain brokerage customer and transaction journeys, identify relevant financial crime risks, and translate broker-dealer business activity into effective and defensible transaction monitoring controls.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements. Our standard hybrid model is 4 days on site and 1 day remote. Preferred location is Boston or Quincy, MA. We will also consider applicants from Stamford, CT; Princeton and Clifton, NJ; and Berwyn, PA.

What you will be responsible for

As Wealth Transaction Monitoring Lead, Vice President, you will be responsible for:

• Supporting FCC and Wealth business stakeholders in the development and documentation of suspicious activity monitoring models and scenarios.
• Developing business and technical requirements, including user stories, to deploy and enhance monitoring of broker-dealer customers, brokerage accounts, securities and cash transactions, counterparties, and related entities.
• Developing business and technical requirements, including user stories, to deploy and enhance monitoring of Wealth and broker-dealer customers, accounts, transactions, counterparties, and entities.
• Applying SQL, Python, and data analytical techniques to profile broker-dealer data, engineer features, assess model or scenario performance, investigate outliers, and support threshold and segmentation analysis.
• Translating broker-dealer products, account structures, trade and settlement activity, cash and securities movements, customer behaviors, and financial crime risks into data requirements, monitoring features, scenarios, and investigative workflows.
• Evaluating Controls for broker-dealer activity, including brokerage cash movements, securities purchases and sales, journal activity, wires and ACH, asset transfers, deposits and withdrawals, and other relevant transaction types.
• Collaborating with other elements of State Street’s AML Compliance program, including policy, risk assessment, KYC, sanctions, investigations, and data management teams, to identify appropriate data sources and controls supporting models and applications.
• Collaborating with other elements of State Street’s AML Compliance program, including policy, risk assessment, KYC, sanctions, investigations, surveillance, and data management teams, to identify appropriate data sources and controls supporting broker-dealer models and applications.
• Partnering with broker-dealer and Wealth business stakeholders, IT, data stewards, Model Risk Management, and other control functions throughout model development, testing, implementation, validation, and ongoing monitoring.
• Producing clear, complete, and audit-ready documentation and communicating technical analysis to business, technology, model risk, audit, and regulatory stakeholders.

What we value

These skills will help you succeed in this role:

• Required: direct experience supporting a broker-dealer, including practical knowledge of brokerage products, customer and account structures, securities and cash transaction flows, trade lifecycles, clearing or custody processes, and associated financial crime risks.
• Strong hands-on proficiency in SQL and Python, with demonstrated ability to analyze large and complex broker-dealer, transaction, position, or reference datasets.
• Experience in AML transaction monitoring or surveillance model and scenario development, feature engineering, data profiling, testing, implementation, and ongoing monitoring in a broker-dealer environment.
• Strong analytical thinking, problem solving, research, time management, and verbal and written communication skills.
• Ability to translate broker-dealer business risks and applicable regulatory expectations into clear analytical requirements, model logic, monitoring controls, and investigative procedures.
• Ability to produce high-quality and final work products under strict regulatory or management deadlines.
• Ability to take ownership and initiative, negotiate, influence, build consensus, and successfully navigate a demanding and international environment within a leading global financial institution.

Education and preferred qualifications

• Required: minimum 6 years of relevant AML transaction monitoring or surveillance experience within a broker-dealer environment, including data analysis, data modeling, scenario development, testing, or risk identification.
• Required: demonstrated knowledge of broker-dealer products and activities, such as brokerage accounts, securities trading, cash and securities movements, trade settlement, asset transfers, clearing, custody, and relevant transaction data.
• Required: strong hands-on SQL and Python skills, coupled with demonstrated analytical expertise in AML model or 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; an advanced degree is preferred.
• Experience utilizing and deploying AML transaction monitoring, trade or transaction surveillance, data analytics, or investigative solutions specifically within a broker-dealer environment.
• Working knowledge of broker-dealer customer types, account registrations and ownership structures, transaction types, counterparties, and applicable financial crime risks and regulatory expectations.
• Prior experience as a model owner, product owner, scenario owner, or in a comparable model governance role is preferred.
• Proficiency with Agile software development methodology, Databricks, and related database tools and technology is preferred.
• Working knowledge of related financial crime subject matter, including KYC, customer risk assessment, sanctions, investigations, and suspicious activity reporting, is preferred.
• Relevant professional certification, such as ACAMS, is preferred.

Salary Range:

$110,000 - $188,750 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.