Client Onboarding – Underlying Principles Group - Analyst - My New Company
New York, NY
About the Job
Work Schedule: Hybrid (2 days a week onsite)
Major Responsibilities:
Skills:
Major Responsibilities:
- Support direct team manager for all onboarding processes.
- Manage daily onboarding requests for all divisions of the bank.
- End to end onboarding coordination
- Compose KYC packages and perform due diligence on new clients based on risk rating including FinCen requirements and Enhanced Due Diligence
- Conduct OFAC and Negative News searches on clients and related parties to identify and assess potential risk to the firm.
- Liaise with Front Office and clients directly
- Adhere to internal audit requirements
- Recommend and assist in requirements for efficiencies where needed
- Liaise with internal groups such as Legal, Compliance, Sanctions, Regulatory, Tax and Operations.
Skills:
- Number of years of experience required: 3- 5 yrs
- Bachelor's degree or equivalent.
- Knowledge of hedge funds, private equity funds, SPV, CLOs, mutual funds
- Ability to understand an Investment Advisor's organization structure, as well as, when full KYC Onboarding is required versus streamlined KYC Onboarding is required.
- Ability to determine industry codes (for example SIC/Sector Codes).
- Familiarity with Investment Advisor Public Disclosure and Edgar sites, along with necessary documentation (ie: RIA, QIB, 2111, AML Wolfsberg Questionnaire, Accelerated Onboarding Sheets & 151 Prime Broker Agreements).
- Ability to prioritize onboarding cases to ensure completion prior to deadlines.
- Strong attention to detail and analytical skills. Appropriate and confidential handling of client data.
- Excellent communication skills.
- Ability to effectively manage and report on progress of requests
Source : My New Company