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Client Onboarding, Analyst/ Associate

Company: Sumitomo Mitsui Banking Corporation
Location: White Plains
Posted on: June 5, 2021

Job Description:


SMBC Nikko Securities America, Inc. is a member of the Sumitomo Mitsui Financial Group (SMFG), one of the world's largest global financial institutions. Based in New York City, we are an SEC registered Broker dealer that provides financial products and services to global institutional clients, focusing on North America and Latin America.

SMBC Nikko Securities America, Inc is currently undergoing an Organizational wide transformation, which has resulted in the Client Onboarding Group experiencing rapid growth and expansion. As a result of this growth initiative there will be opportunities for team members to become Subject Matter Experts, take on project work, and actively participate in the buildout of the COG. With this level of hyper growth, the expectation is that team members will be comfortable with executing their primary functions as well as any additional Tasks or projects assigned.

The Client Onboarding Group Analyst will be responsible for managing the New On-boarding and Periodic Review process. The Client Onboarding Group Analyst's responsibilities include performing Customer Information Program (CIP), Know Your Customer (KYC) due diligence, identification of Politically Exposed Persons (PEP), Negative news and sanctions screenings. The Client Onboarding Analyst will interact with internal and external Stakeholders to ensure all regulatory and firm requirements are met for both new and existing customers.


* Validates legal documentation obtained from Stakeholders and third-party sources for accuracy and to ensure the documentation is compliant with policy. * Leverage accumulated wisdom to make determinations regarding level of due diligence required, document applicability in atypical or uncommon deal structures. * Initiate workflows to update customer records within the bank's internal system. * Coordinate approvals related to periodic review and new onboards across multiple groups within the organization. * Maintain detailed tracking of workload to ensure completion within required timeframes. * Promptly responds to stakeholder inquiries and assists with problem resolution. * Prioritize urgent and sensitive requests accordingly. * Performs special projects as required and any other duties as assigned. * Working closely with Compliance, Tax, Legal and other teams to render policies / procedures more transparent and commercial, all while preserving risk control strength.


* Knowledge of US PATRIOT Act, BSA / AML requirements (e.g. CIP requirements; difference between CDD and EDD). * Strong understanding of FinCEN CDD Rule, FINRA Rules and FATCA. * High competency in using external due diligence and screening tools such as Dow Jones, Factiva, OneSource, LexisNexis. * Experience / appreciation for due diligence operations and onboarding applications / systems. * Ability to face-off any potential touch-point relative to the onboarding / client maintenance workflow. * Ability to execute in a high-pressure environment. * Good analytical skills, detail oriented. * Good interpersonal skills. * Ability to work independently * Work Experience: From 1 to 3 years of specialized experience in Onboarding of Institutional Accounts (e.g. Investment Managers, Funds, Large Corporation, Brokers). * Education: BA / BS (or equivalent) * Licenses / Certifications / Registrations: AMS Certification is a plus * Software Systems / Programming Languages: Microsoft Office (Word, Advanced Excel Formulas, Power Point).

Keywords: Sumitomo Mitsui Banking Corporation, White Plains , Client Onboarding, Analyst/ Associate, Other , White Plains, New York

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