Mirae Asset Securities (USA) Inc. is looking for a Director role to assist in the strategy andexecution of how new clients are welcomed, activated, and set up. The New Accounts Directorwill be responsible for managing the end-of-end account opening and client lifecycle process forinstitutional clients. This role ensures accurate, compliance, and timely setup of new accountswhile serving as a key liaison between sales, Compliance Operations, Legal and external clients.
Key Responsibilities:- Responsible for reviewing and ensuring all required onboarding regulatory requirementsfor new and existing clients
- Manage full lifecycle of institutional account opening, including the collection and reviewof documentation, legal entity paperwork, account agreements
- Support periodic KYC refresh/remediation cycles and respond to audit requests
- Analyze client data, documentation and negative news utilizing the services of Refinitiv/WorldCheck. Remedy ongoing issues (continuous data scrubbing) with assistance ofCompliance AML Officer
- Maintain organized and detailed records on clients
- Maintain and update Standard Settlement Instructions (SSIs) and static data records
- Liaise with Front Office, Credit, Legal, Compliance, Operations and clients as necessary
- Open accounts in Phase 3, Apex and Loanet; escalate issues as necessary
- Update account records in Phase 3 for any returned mail and maintain log
- Download accounts from the Alert System
- Issue Letter of Free Funds, Form 150, 151, F1SA for Prime Broker and Execution Servicesvia LOFFA system
- Upload bi-weekly FinCEN List to Refinitiv/WorldCheck for scrub/review of potentialissues against the Firm’s existing clients
- Quarterly QBS Aged positions greater 30 days
- Identify opportunities to streamline onboarding workflows
- Contribute to documentation of standard operating procedures (SOPs) Skills and Knowledge:
- 5+ years of relevant client onboarding/new accounts experience at a Broker-Dealer
- Working knowledge of institutional account types and documentation
- Knowledge of KYC, and EDD to apply judgment in identification and escalation of issues
- Strong attention to detail and ability to manage multiple priorities under tight accountopening deadlines
- Excellent written and verbal communication skills
- Ability to complete cases under time-sensitive deadlines
- Team player and self-starter; requirement to take initiative
- FINRA Series 99 required
- Knowledge of FIS/ DTCC ALERT/ Refinitiv/ Loanet is a plus
- Cross-functional collaboration, client service orientation
