Client Onboarding & Configuration - Associate

GLOBAL BANKING & MARKETS

We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.

OPERATIONS

Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firms assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

YOUR IMPACT

We are looking for a highly motivated, detail oriented professional looking to apply their due diligence skills while also learning about the changing regulatory landscape. As part of our Investment Banking ( IB ) Client Onboarding team this individual will assist with conducting due diligence on clients, collect and review required documentation to align with expected policy standards, as well as helping with ad hoc initiatives. This position offers the opportunity to mitigate risks at the firm while collaborating with colleagues across the Investment Banking Business, Operations and Compliance.

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firms assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

The Client Onboarding team is a part of the first line of defense and is responsible for detection and escalation of potential AML / CTF risks by ensuring KYC information is adequately obtained and validated. The team enables business by ensuring that relevant KYC checks are completed in time and achieves success through close partnerships with other control functions (Compliance, Internal Audit), line teams, and Technology.

BUSINESS UNIT OVERVIEW

The Client Onboarding (COB) team sits within Global Banking & Markets (Private) and facilitates the transition process of new clients to the Firm across a wide range of business areas and products. The Team s primary function is to perform reviews to ensure compliance on all aspects of the on-boarding process, including Know Your Customer [KYC] & Regulatory policies. Through the course of our review process, we partner with key stakeholders (Compliance, Business, Legal) to onboard new clients with a focus on efficiency, control, and excellent client service.

JOB SUMMARY AND RESPONSBILITIES

As a member of the IB COB team, you will gain an overall understanding of the client onboarding space while developing functional skills related managing client relationships. You will work closely with teams across Operations, Compliance, Engineering and revenue groups. You will gain an understanding of the firms businesses and the rules and regulations under which the firm operates.

• Undertake AML checks to ensure adherence to all Compliance policies, procedures and regulatory obligations
• Support team manager in day-to-day oversight as well as strategic initiatives
• Interact with the Client Onboarding teams across other divisions, members of Compliance, Technology, and revenue groups on KYC / CIP matters
• Risk and issue identification and escalation
• Identify, define and enhance process efficiencies which will benefit Client Onboarding
• Participate in regular meetings with Management, Compliance and Quality Assurance to maintain strong relationships across the board
• Participate in ad hoc projects as required

BASIC QUALIFICATIONS

• Bachelors degree required
• Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
• Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience
• Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities
• Flexible and able to work well under pressure in a team environment
• Ability to deliver as per deadlines
• Adhere to risk and controls
• Energetic and capable of multi-tasking in a fast-paced environment with extreme attention to detail
• Forward thinking with the ability to assert new ideas and follow them through / finds alternative solutions and identifies clear objectives.
• Willing to continuously learn and stay updated on the changing policy requirements including industry developments related to AML

PREFFERED QUALIFICATIONS

• Prior experience in client onboarding process or KYC/AML and
• Prudent in escalating potential risk to the Firm
• Prior compliance (AML) experience
• Ability to adapt to change and new challenges