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BNY · 18 hours ago

Associate, Client Onboarding/Transitions/Conversions/KYC II

Pittsburgh, PA

Full-time

Onsite

Mid Level

3+ years exp

BNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. The Associate, Client Onboarding/Transitions/Conversions/KYC II role involves onboarding clients, ensuring compliance with regulatory requirements, and managing project activities related to client transitions and conversions.

Financial Services

Responsibilities

Under moderate direction, onboards clients, opens and closes accounts and handles transitions and conversions to the system

Analyzes, reconciles and reviews incoming or outgoing data for accurate transition to platform

Obtains and reviews the appropriate documentation and reference data and ensures regulatory aspects of AML and KYC are completed prior to opening accounts

Prepares clients for entering new accounts by explaining and articulating the level of documentation required, regulations, complexities in the market and market expectations

Works directly with clients to open new accounts once due diligence on KYC and AML has been completed and works with client and internal parties around asset events

Closes off accounts by first checking for any pending activity or balances remaining in the account

Works directly with clients to access documentation requirements and reference data and may be responsible for onsite client support and training to assist with documentation, quality review and submission of documents

Ensures application form is received, and tax documentation is received from the investor

Leads project management activities for onboarding/transitions/conversions such as reporting, planning, issue / risk tracking, scheduling, effort estimation and tracking, and other project documentation preparation

Ensures client receives all necessary training or conducts the training him/herself

Communicates progress to team and escalate issues or potential project delays

Supports conversion activities related to a mix of complex institutional client relationships requiring an in-depth understanding of custody and accounting processing activities

Completes an accurate conversion of data on financial statements for daily, weekly, or monthly valuation clients

Support and review control reports to effectively mitigate risks and resolve problems that arise during the conversion process

Assists with coordinating firm-wide resources (product, technology, marketing, compliance, teams, etc.) to ensure client needs are being addressed

Ensures onboarding/transition/conversion activities meet all compliance, legal and regulatory requirements May participate in UAT, on boarding and fault resolution

Responsible for overall success of less complex or small transitions, ensuring client satisfaction through the monitoring of project quality and efficiency as well as the direct client experience

Guides the client in appropriate platform applications and structure of their program/product offering

No direct reports

Provides guidance to less experienced colleagues as needed

Allocates work to and monitors the work quality of others assigned to the client

May have people management responsibilities in some geographies

Responsible for standard clients and contributes to the achievement of team objectives

Qualification

Client onboardingKYC complianceProject managementFinancial services experienceSecurities knowledgeCommunication skillsTeam collaborationProblem-solving