Job Summary:
Onboarding Associate will be part of the Underlying Principles onboarding team and will work closely with Front Office Sales/Trading, Internal Stakeholders (Credit, Legal, Compliance, Ops) and external Clients to onboard and complete new client onboarding in a timely and efficient manner.
Major Responsibilities:- Review onboarding submissions for funds, SPVs, and other investment manager managed entities.
- Partner with Front Office teams and clients to obtain required KYC/CIP, regulatory, and account setup documentation.
- Review onboarding documents (e.g., account opening forms, tax forms, formation documents, ADV, suitability certificates, QIB, AML letters, Wolfsberg Questionnaire, and Prime Broker Agreements) for accuracy, completeness, and relevance.
- Ensure onboarding documentation complies with internal audit, MUSO Policy, and global KYC/ AML requirements.
- Manage onboarding priorities to meet deadlines.
- Create client records, ensuring alignment of client type, industry classification, business activities, relationship purpose, and products.
- Conduct OFAC and adverse media screenings to identify and assess client risk.
- Review Dodd-Frank regulatory documentation for completeness and regulatory compliance.
- Collaborate with Legal, Compliance, Sanctions, Regulatory, Tax, and Operations teams to facilitate timely onboarding and account openings.
- Utilize external research sources, including IAPD, EDGAR, GLEIF, Secretary of State databases, foreign registries, and Client Markit.
- Identify and support process improvement and efficiency initiatives.
- Skills and Competencies:
- Bachelor's degree
- Client SIE & Series 99 (or willingness to obtain within 6 months of hire)
- Familiarity with Fenergo
- Strong analytical skills and attention to detail, with the ability to handle confidential client data appropriately
- Excellent written and verbal communication skills
- Self-motivated with the ability to work independently, manage priorities, and provide progress updates on requests and projects.
