Institutional Onboarding & Compliance Specialist

Partnership Employment; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

Partnership Employment in Chicago seeks a specialist to manage institutional onboarding, ensuring regulatory obligations and internal controls are met from inception through activation.

You will coordinate identity verification, due diligence, and documentation to reflect client business activities, escalating issues to risk and legal teams as needed. The role also covers ongoing maintenance and process improvements to streamline onboarding workflows.

Responsibilities

• Establish institutional trading relationships and oversee onboarding to ensure compliance with regulatory obligations and internal controls.
• Coordinate customer identification, verification, and risk assessment for appropriate due diligence before account activation.
• Review and validate account applications and related records to confirm documentation meets requirements and reflects customer business activities.
• Investigate inconsistencies and potential financial crime indicators, escalating to risk/compliance/legal as needed.
• Assess legal entity structures, ownership, and control through analysis of records and independent sources.
• Collaborate with control functions and stakeholders to secure approvals and coordinate account documentation and contracts.
• Assist intermediaries with onboarding, documentation standards, and compliance considerations affecting prospective client relationships.
• Maintain communication with clients and internal teams on progress, outstanding requirements, and documentation gaps.
• Support ongoing account maintenance and periodic reviews by updating customer information and risk assessments.
• Maintain organized onboarding records and contribute to workflow improvements and adherence to control standards.

Job description

Partnership Employment in Chicago seeks a specialist to manage institutional onboarding, ensuring regulatory obligations and internal controls are met from inception through activation.

You will coordinate identity verification, due diligence, and documentation to reflect client business activities, escalating issues to risk and legal teams as needed. The role also covers ongoing maintenance and process improvements to streamline onboarding workflows.