Operations - Securities Operations - Client Onboarding Team - Associate
- Job id
- Jersey City
- Full/Part Time
Job Summary & ResponsibilitiesOperations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.
Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.
Securities Operations supports the Securities, Clearing Investment Management and Investment Banking Divisions of the firm. This group manages key relationships for the bank and infrastructure providers, onboarding of institutional and prime brokerage clients, and assists in the coordination of issuance of new financial products. Additional functions include settlement of trades, managing loans and borrow contracts, as well as handling a variety of asset servicing events.
Client Onboarding is a part of Securities Operations and is responsible for facilitating the establishment and maintenance of client relationship within the firm, including, but not limited to customer contact, business prioritization, due diligence, supporting documentation and account opening. As a member of the Client On boarding organization, the individual will specialize in the review of regulatory documentation (such as AML/KYC, Dodd Frank, etc) as well as non-regulatory related documentation/information to ensure compliance with firm requirements to ultimately assist with the approval of new relationships for the GSEC and GSCO business lines. The individual will work with other Client Due Diligence (CDD) team members globally and may work directly with our clients and the business in a fast paced environment with precision and accuracy. The ability to prioritize, meet deadlines and communicate to all levels of the organization, including sales, legal and compliance, is critical. Strong understanding of AML/KYC compliance regulations preferred. Team members also get involved in a lot of side projects including (but limited new poduct/exchange lauches, impelmetnation of new /enhancements to regulatory initiatives.
-Ensure due diligence is performed to comply with “Know Your Customer” regulations
-Develop expertise in the Firm’s Anti Money Laundering/Customer Identification due diligence policies
-Coordinate with other areas of the Firm when need be (i.e. Risk, Compliance, Legal, Business, Operations, etc)
-Implement process improvement efficiencies
-Coordinate directly with either CDD team members, sales and/or clients to obtain relevant on boarding requirements
-Perform capacity and authority reviews as necessary
-Approve the opening of new accounts
-Possible oversight responsibilities
Basic Qualifications-At least 2 years of professional experience in the role described
-At least 2 years of experience working in the financial markets and working with financial products
-At least 2 years of experience working with external clients and supporting internal
-AML/KYC knowledge is a plus or at least a strong desire to understand it
-Strong multi-tasking skills required
-Strong analytical skills
Preferred Qualifications-Understand structure of trading counterparts
-Ability to adapt to new changes and new challenges
-Use best judgment to prioritize work flows and ensure deadlines are met
-Ability to forge strong relationships with colleagues and clients
-Excellent written and verbal communication skills
-Pro active, self motivated
-Prudent in escalating potential risk to the Firm
-Ability to deliver while working under pressure and tight deadlines
-Language skills Spanish and/or Portuguese (ability to speak and read)