Background Verification Specialist - Associate 2

Posted Yesterday
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Bangalore, Bengaluru Urban, Karnataka, IND
In-Office
Entry level
Financial Services
The Role
Handle daily background verification activities, coordinate with Talent Acquisition, Operations, Global Security, employees, and vendors, validate documentation, update case statuses, meet SLAs, process priority cases, compile daily and weekly reports, upload cleared documents, review vendor alerts, escalate unusual activity, and recommend process improvements to increase accuracy and efficiency.
Summary Generated by Built In

Business Line Information

Global Employee Onboarding Team works closely with our Vendor Partner who conducts Background Checks for State Street globally and help us to ensure that we retain and hire qualified people quickly and efficiently.

Purpose of Role:

Looking for an individual who would be responsible to Handle Day to day Background Verification. Coordinating with the internal teams such as Talent Acquisition, Operations and Global Security Team. Updating the BGV status to the Reporting Manager and ensure Background Check is completed within the SLA. Priority cases from the Business is handled in Fast Track mode. Validating the documents received from Employee, Talent acquisition, and Operations team. Consolidation of Daily/ weekly BGV report and sharing daily and weekly basis report with Reporting Manager. Uploading the clear documents of respective employees in State Street tool and reviewing the alerts shared by the Vendors. Develop a strong understanding of State Street’s BGV Process, policies and procedures, and requirements. Escalating the potential unusual activity. Suggest process improvements to achieve improved efficiency and accuracy.

Major Responsibilities:

  • Develop a strong understanding of State Street’s BGV process, policies and procedures, and requirements.

  • Execute the accurate processing of different types of alerts in accordance with standard operating procedures.

  • Proactively interact with and coordinate with Stakeholders.

  • Suggest process improvements to achieve improved efficiency and accuracy.

Skills and Experience - interpersonal, numerical, problem-solving, analytical, effective communication etc.

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Skills Required

  • Interpersonal skills
  • Numerical skills
  • Problem-solving skills
  • Analytical skills
  • Effective communication skills

State Street Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.

  • Retirement Support Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
  • Leave & Time Off Breadth Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
  • Wellbeing & Lifestyle Benefits Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.

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The Company
HQ: Boston, MA
39,782 Employees
Year Founded: 1792

What We Do

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future

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