Client Onboarding – Investment Advisors/Funds Group, Associate / AVP
at Mizuho
Posted 17 days ago
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Support onboarding of investment advisor and fund clients by composing KYC packages and performing due diligence (including FinCEN, enhanced due diligence, OFAC and negative news checks). Evaluate regulatory and client documentation (e.g., Dodd-Frank, RIA disclosures, prime broker agreements) and determine appropriate onboarding stream (full vs. streamlined). Liaise with front office, clients and internal teams (Legal, Compliance, Sanctions, Tax, Operations) to collect documentation, prioritize cases, and ensure timely account openings while maintaining AML and audit compliance. Role requires strong attention to detail, analytical skills, excellent communication and the ability to work independently.
- Compensation
- $50,000 – $125,000 USD
- City
- New York City
- Country
- United States
Currency: $ (USD)
Full Job Description
Responsibilities:
Support direct team manager for all onboarding processes:
Compose KYC packages and perform due diligence on new clients based on risk rating including FinCen requirements and Enhanced Due Diligence without immediate direction or supervision
Conduct OFAC and Negative News searches on clients and related parties to identify and assess potential risk to the firm
Ability to determine and review Dodd Frank regulatory information provided by the client and determine if sufficient based on regulation
Evaluate an Investment Advisor’s organization structure as well as determine when full KYC Onboarding is required versus streamlined KYC Onboarding is required
Ensure client packages adhere to internal audit requirements through the judgement made from understanding of global policies
Liaise with Front Office and clients directly to collect and evaluate the efficiency of all documentation required to adhere to both AML and regulatory requirements
Liaise with internal groups such as Legal, Compliance, Sanctions, Regulatory, Tax and Operations to coordinate the efforts of all teams and ensure that accounts are opened in a timely manner
Familiarity with and strong grasp of Investment Advisor Public Disclosure and Edgar sites, along with necessary documentation (ie: RIA, QIB, 2111, AML Wolfsberg Questionnaire, Accelerated Onboarding Sheets & 151 Prime Broker Agreements)
Recommend and assist in requirements for efficiencies where needed
Prioritize onboarding cases to ensure completion prior to deadlines
Determine industry codes (for example SIC/Sector Codes)
Skills and Competencies:
Bachelor's degree or equivalent
Strong attention to detail and analytical skills. Appropriate and confidential handling of client data
Excellent communication skills
Ability to work without immediate direction and supervision and effectively manage and report on progress of requests
The expected base salary ranges from $50,000 - $125,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, including Medical, Dental and 401K plans, successful candidates are also eligible to receive a discretionary bonus.
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Other requirements
Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.
Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.
Mizuho Americas offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.
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