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BNY · 1 day ago

Senior Associate, Client Onboarding/Transitions/Conversions/KYC

New York, NY

Full-time

Onsite

Mid, Senior Level

$70K/yr - $120K/yr

5+ years exp

BNY is a leading global financial services company that influences nearly 20% of the world’s investible assets. They are seeking a Senior Associate to onboard clients, manage transitions, and ensure compliance with AML and KYC regulations while providing client support and training.

Financial Services

Responsibilities

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

Serves as an advisor to clients as they onboard/transition/convert to/from organization products and solutions

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

Ensures all SLAs are met

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

May be responsible for onsite client support and training to assist with documentation, quality review and submission of documents

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

Review documents and coordinate with all internal support groups, business managers, and external parties to ensure documents meet certain compliance requirements

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

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

Identifies significant gaps or quality issues in transition processes and makes recommendations for improvement

Maintains a book of clients and ensure that client activity on an account is maintained once an account is opened

Supports complex conversion activities related to a mix of complex institutional client relationships requiring the 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

Supports and reviews control reports to effectively mitigate risks and resolve problems that arise during the conversion process

Marshals 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 facilitate legal negotiation or document review

Participate in UAT, on boarding and fault resolution

Responsible for overall success of moderately sized or complex transitions, ensuring client satisfaction through the monitoring of project quality and efficiency and management of the direct client experience

No direct reports

Acts as a Team Lead and provides guidance to less experienced colleagues

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

Suggests process improvements based on post-mortem transition analysis

May have people management responsibilities in some geographies

Responsible for complex, mature and/or global clients or more complex platforms

Contributes to the achievement of team and area objectives

Qualification

Client OnboardingKYC ComplianceProject ManagementFinancial Services ExperienceSecurities KnowledgeTeam LeadershipCommunication SkillsProblem SolvingDocumentation Review