Social Capital Resources · 1 week ago
Client Onboarding AVP
New York, NY
Full-time
Onsite
Senior Level
$90K/yr - $125K/yrSocial Capital Resources is a top-tier Investment Bank firm located in Midtown, Manhattan, seeking a Client Onboarding AVP for a permanent position. The role involves onboarding new clients while ensuring compliance with KYC and AML regulations, managing operational risk, and providing guidance to the team.
EmploymentFinancial ServicesFinTechRecruitingStaffing Agency
Responsibilities
Use strong communication skills (verbal and written) in order to on-board new clients to the bank and perform the necessary due diligence to ensure that potential new clients meet all the current KYC (Know Your Client) and AML (Anti Money Laundering) requirements, including OFAC/World Check Screening; ensure the integrity of the information and documentation is correct and in good form; review and adhere to KYC Policy, Collective Fund & Hedge Fund Policy and AML/OFAC policies and procedures; applying all CIP (Customer Identification Procedure) regulatory requirements to clients and maintaining a working relationship with the business line
Perform a pivotal role in the management of operational risk
Provide the team with guidance, support and training as needed in order to ensure a high quality standards and productivity
Lead in the communication of Know Your Client (KYC) memos to the Client Acceptance Committee
Advise team members in the development and implementation of escalation procedures for KYC / AML unresolved items
Maintain a working knowledge of AML and OFAC regulations and in order to relate them to Bank policies and procedures
Maintain strong working relationship with AML Compliance with an emphasis placed on the onboarding and review of high and medium-high risk clients
Ensure the proper application of KYC principals (including FATF EU 3rd AML Directive, US Patriot Act, and FINRA) into strong quality assurance controls
Ensure team’s adherence to the global and local requirements of client on boarding
Guide the KYC team in addressing data requests from internal & external auditors
Qualification
Required
Strong communication skills (verbal and written)
Experience in onboarding new clients to the bank
Knowledge of KYC (Know Your Client) and AML (Anti Money Laundering) requirements
Experience with OFAC/World Check Screening
Ability to review and adhere to KYC Policy, Collective Fund & Hedge Fund Policy and AML/OFAC policies and procedures
Understanding of CIP (Customer Identification Procedure) regulatory requirements
Experience in managing operational risk
Ability to provide guidance, support and training to team members
Experience in communicating KYC memos to the Client Acceptance Committee
Ability to advise team members on escalation procedures for KYC / AML unresolved items
Knowledge of AML and OFAC regulations
Ability to maintain strong working relationships with AML Compliance
Experience in onboarding and reviewing high and medium-high risk clients
Ability to apply KYC principles into quality assurance controls
Experience in ensuring adherence to global and local requirements of client onboarding
Ability to guide the KYC team in addressing data requests from internal & external auditors
Company
Social Capital Resources
Headquartered in New York City, Social Capital Resources is a recruiting firm dedicated to facilitating the needs of both clients and candidates within the Financial Services, Finance/Accounting, FinTech and Technology industries.
Founded in 2017
11-50 employees
Funding
Current Stage
Early StageLeadership Team
M
Matt Solomon
Founder and Managing Partner
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