Client Onboarding AVP

Social Capital Resources; New York (NY); On-site; USD 90,000 - 125,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Disability insurance

Paid paternity leave

Job summary

A top-tier investment banking firm in New York is seeking a Client Onboarding AVP for a full-time role. The ideal candidate will have a strong background in KYC and AML regulations, excellent communication skills, and experience in managing operational risk. Responsibilities include on-boarding clients, ensuring compliance with regulations, and leading a team. This position offers benefits including medical, vision insurance, and a 401(k).

Qualifications

• Experience with KYC (Know Your Client) and AML (Anti Money Laundering) regulations.
• Ability to maintain relationships with clients and AML Compliance.
• Strong understanding of financial services policies and procedures.

Responsibilities

• On-board new clients and perform due diligence to meet KYC and AML standards.
• Manage operational risk and provide guidance to team members.
• Communicate KYC memos to the Client Acceptance Committee.
• Develop and implement escalation procedures for unresolved items.

Skills

Strong communication skills

KYC and AML knowledge

Operational risk management

Team leadership

Job description

Job Summary

Top-tier Investment Bank firm in Midtown, Manhattan is seeking a Client Onboarding AVP for a permanent position!

Base Pay Range

$90,000.00/yr - $125,000.00/yr

Responsibilities

• Use strong communication skills (verbal and written) in order to on-board new clients to the bank and perform the necessary due diligence to ensure that potential new clients meet all the current KYC (Know Your Client) and AML (Anti Money Laundering) requirements, including OFAC/World Check Screening; ensure the integrity of the information and documentation is correct and in good form; review and adhere to KYC Policy, Collective Fund & Hedge Fund Policy and AML/OFAC policies and procedures; applying all CIP (Customer Identification Procedure) regulatory requirements to clients and maintaining a working relationship with the business line.
• Perform a pivotal role in the management of operational risk
• Provide the team with guidance, support and training as needed in order to ensure a high quality standards and productivity.
• Lead in the communication of Know Your Client (KYC) memos to the Client Acceptance Committee
• Advise team members in the development and implementation of escalation procedures for KYC / AML unresolved items.
• Maintain a working knowledge of AML and OFAC regulations and in order to relate them to Bank policies and procedures.
• Maintain strong working relationship with AML Compliance with an emphasis placed on the onboarding and review of high and medium-high risk clients.
• Ensure the proper application of KYC principals (including FATF EU 3rd AML Directive, US Patriot Act, and FINRA) into strong quality assurance controls
• Ensure team’s adherence to the global and local requirements of client on boarding
• Guide the KYC team in addressing data requests from internal & external auditors

Seniority Level

Mid-Senior level

Employment Type

Full-time

Job Function

Finance

Industries

Financial Services and Banking

Benefits

• Medical insurance
• Vision insurance
• 401(k)
• Paid maternity leave
• Disability insurance
• Paid paternity leave