New Accounts - Open Accounts Associate II-Intermediaries

About the role

Introducing Broker (iBroker) Master Account Specialists are responsible for the processing and onboarding of Introducing Broker clients. This role requires a strong knowledge of company KYC requirements, a strong business acumen, and the ability to communicate professionally and effectively with large, Sales Representatives/institutional clients. iBroker specialists act as the first line of defense towards external risk for the company.

Responsibilities

• Review and assess application documents provided by clients for KYC sufficiency
• Collect documentation for compilation of the FINRA packet submission and review for accuracy
• Assess a client’s application in a holistic manner to identify potential risk factors, including preliminary Google and negative news searches
• Proactively work with members of the New Accounts, Compliance, Sales or other departments to streamline the application process and minimize onboarding time
• Identify areas for improvement in current onboarding processes and proactively propose solutions
• Guide the application through the approval process which includes Compliance, CAC, Legal and FINRA
• Liaise between FINRA and IB on applying iBroker accounts to satisfy any questions that are raised during FINRA’s review of the applicant
• Monitor the NA iBroker inbox and act when required
• Submitting applicant packets into the FINRA gateway and cross-referencing the FINRA filing ID while clearing the FINRA task in CAST
• Maintain open and closed account movement in the FINRA gateway
• Collect weekly progress reports from other iBroker teams and compile into one report for senior management
• Cross reference multiple databases ensuring that regulatory aspects of AML and KYC are completed prior account opening, if an EDD review is not triggered

Requirements

• 1-3 years experience
• Bachelor Degree in finance, accounting, or economics
• Understanding of BSA/AML, USA PATRIOT Act and OFAC principles
• High degree of comfort and fluency with computers and technology and understanding of how technology is applied to business and regulatory problems
• ACAMS, CFE, CFCS, Series 7, or other FINRA licenses or certifications a plus
• Knowledge/Experience in Capital Markets, AML, KYC or Compliance
• Knowledge/Understanding of end-to-end KYC process is a plus

Skills

• Self-motivated and able to handle tasks with minimal supervision
• Superb analytical and problem-solving skills
• Excellent collaboration and communication (Verbal and written) skills
• Outstanding organizational and time management skills

Benefits & Perks

• Competitive salary, annual performance-based bonus and stock grant
• Retail 401(k) with competitive company match
• Excellent health and wellness benefits, including medical, dental, and vision benefits
• Company paid medical healthcare premium
• Wellness screenings and assessments, health coaches and counseling services through an Employee Assistance Program (EAP)
• Daily company lunch allowance provided and a fully stocked kitchen with healthy options for breakfast and snack
• Corporate events including team outings, dinners, volunteer activities and company sports teams
• Education reimbursement and learning opportunities