Compliance Onboarding Associate

Overview

Connecting clients to markets - and talent to opportunity. With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors.

Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, Stone

X Group is made up of four business segments that offer endless potential for progression and growth.

Business Segment Overview

Corporate:
Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you'll have the opportunity to optimize processes and implement game-changing policies.

Position

Purpose:

Handles compliance review and approval of new customer accounts, checks documentation for various legal entities, communicates deficiencies, escalates high-risk cases for enhanced due diligence, answers onboarding questions, and ensures complete KYC records are collected during onboarding.

Responsibilities

Primary duties will include:

* Reviews documentation and approves or denies new customers' applications for different Stone

X divisions.

* Responsible for ensuring a smooth process in handling all aspects of onboarding a new customer.

* Ensures completion of the client due diligence process during onboarding and ensures KYC (Know Your Customer) requirements are completed, previous approval of new accounts.

* Communicate inconsistencies between the application packet and supporting documentation received, to front office personnel.

* Identifies and escalates potential KYC concerns to AML and Legal Teams during onboarding and ongoing review processes.

* Conducts analysis on the ownership structure of prospective customers via publicly available source or company documentation to meet full KYC due diligence.

* Works with internal teams to complete regulatory reviews for all potential customers.

* Responds to queries regarding the status of specific account applications during the review/approval process.

* Coordinates closely with cross-functional areas including operations, legal, sales & trading, and senior management to provide training to front office personnel on customer due diligence and KYC requirements.

* Participate in projects within Unit to enhance the client on-boarding experience.

* Identifies potential areas for enhanced processing and automation of manual processes during onboarding.

* Assists in the development and improvement of policies and procedures for the Onboarding team.

* Assists with ad-hoc projects and reviews as needed.

* Maintains prompt and regular attendance.

* This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.

Qualifications

To land this role you will need:

* 2 to 4 years of customer onboarding experience

* Strong working knowledge of AML, KYC, FINCEN CDD Rule, CIP, OFAC and PATRIOT Act requirements and regulations.

* Must have a good understanding of customer types, complex corporate structures and documentation aligned to customer due diligence requirements.

* Skilled in researching, interpreting, and disseminating information on compliance regulations and laws.

* Demonstrated ability working with people in connection with challenging issues.

* Strong organization skills and attention to detail.

* Demonstrated proficiency using Microsoft Office.

* Ability to manage multiple tasks and ability to adapt to changing priorities in a fast-paced environment.

* Ability to effectively present information and respond to questions from groups of managers, customers, and the general public.

* Effective written and oral communication skills.

Education / Certification Requirements:

* Bachelors Degree, preferably in Finance or Business.

Working Environment:

* 4 days per week onsite, 1 day per week remote

* Ability to work independently.

* Travel flexibility, approximately 5%- 10% of the time.

* Must be authorized to work in the US for any employer.