Senior Associate - Client Onboarding

Clear Street; New York (NY); On-site; USD 110,000 - 135,000; Full time

Benefits offered by this job

Company equity

401k matching

Gender neutral parental leave

Full medical, dental and vision

Lunch stipends

Fully stocked kitchens

Happy hours

Great location

Amazing views

Job summary

Clear Street is seeking a Client Onboarding Senior Associate in New York to partner with sales and trading, futures clearing, investment banking, securities finance, and client service across the full client lifecycle.

You will own onboarding, new account openings, periodic refreshes, and offboarding, collaborating with legal and compliance; join a fast-paced, collaborative team shaping onboarding processes for institutional clients including hedge funds and asset managers.

Qualifications

• At least 3 years of experience in Client Onboarding, preferably in Equities Prime Brokerage, Futures Clearing and Security-Based Swaps.
• Proficient in CFTC, FINRA and SEC regulatory requirements for onboarding of a Futures Commission Merchant, Equities Prime Broker and Security-Based Swap Dealer, respectively.
• Proficient in AML and Know Your Customer (KYC) onboarding requirements for institutional clients including hedge funds, asset managers, proprietary trading firms and family offices; includes BSA, USA PATRIOT Act and FinCEN.
• Proven track record of building solid, long-standing relationships with front office colleagues and institutional clients.
• Client-focused and able to maintain relationships through market cycles and product innovations.
• Passionate about addressing root causes in prime services and articulating our mission with a modern tech-stack.
• Highly collaborative and able to work autonomously or as a team player when workload increases.

Responsibilities

• Partner with sales and trading, futures clearing, investment banking, securities finance, trade support, client service, legal and compliance on all facets of the client life cycle including onboarding, new account openings, periodic refresh and client offboarding.
• Own onboarding, maintenance, and offboarding processes across the client lifecycle.
• Collaborate with legal and compliance on onboarding requirements for institutional clients.
• Shape how onboarding, maintenance, and offboarding processes are implemented at Clear Street.

Skills

Client onboarding

Equities prime brokerage

Futures clearing

AML / KYC

Relationship management

Regulatory compliance

Team collaboration

Job description

Clear Street is modernizing the brokerage ecosystem. Founded in 2018, Clear Street is a diversified financial services firm replacing the legacy infrastructure used across capital markets.

We started from scratch by building a completely cloud-native clearing and custody system designed for today’s complex, global market. Clear Street’s proprietary prime brokerage platform adds significant efficiency to the market, while focusing on minimizing risk, redundancy, and cost for clients. Our goal is to create a single source-of-truth platform for every asset class, in every country, and in any currency.

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Role

As a client onboarding senior associate you will be partnering with sales and trading, futures clearing, investment banking, securities finance, trade support, client service, legal and compliance on all facets of the client life cycle including client onboarding, new account openings, periodic refresh and client offboarding.

The Team

You will work in a fast-paced environment with a collaborative team of highly accomplished industry veterans. The client onboarding team was established in late 2021 and sits on the frontlines of Clear Street building relationships with clients and providing a best-in-class onboarding experience for institutional clients including hedge funds, asset managers, market makers and family offices. Given that this team is relatively new, you’ll have the opportunity to shape how the onboarding, maintenance, and offboarding process works at Clear Street.

Requirements

• You have at least 3 years of experience in Client Onboarding, preferably in Equities Prime Brokerage, Futures Clearing and Security-Based Swaps.


• You are proficient in CFTC, FINRA and SEC regulatory requirements with respect to customer onboarding for a Futures Commission Merchant, Equities Prime Broker and Security-Based Swap Dealer, respectively.


• You are proficient in the requisite Anti-Money Laundering (AML) and Know Your Customer (KYC) regulatory and operational onboarding requirements for various institutional clients including hedge funds, asset managers, proprietary trading firms and family offices. This includes BSA, USA PATRIOT Act and FinCEN.


• You have a proven track record of building solid, long standing relationships with front office colleagues and institutional clients.


• You are client focused and understand how to maintain relationships through various market cycles and product innovations.


• You are passionate about tackling the root cause of the issues within the industry’s prime services offering today and are able to effectively articulate our mission as a new prime broker building a better client experience with a modern tech-stack.


• You are highly collaborative and confident interacting with a variety of personality types and levels in the organization, operating autonomously when required and as a team player when working on strategic initiatives, project demands occur or workload increases.

We Offer

The Base Salary Range for this role is $110,000-$135,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street's total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

• company equity


• 401k matching


• gender neutral parental leave


• full medical, dental and vision insurance


• lunch stipends


• fully stocked kitchens


• happy hours


• great location


• amazing views

We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer.