Client Onboarding

Job Level: Associate

Job Function: Governance & Assurance

Location:

New York, NY, US, 10172

Employment Type: Full Time

Requisition ID: 5466

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $75,000.00 and $120,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC Capital Markets, Inc. (CM) is a CFTC-registered swap dealer based in New York City. SMBC CM is looking for a Client Onboarding Associate to support expansion initiatives, specialized projects, and day-to-day operational processes within KYC.

This role’s primary function is to perform KYC document review and data processing to support the investor business. The position involves direct and frequent communication with the front office, internal support teams, and occasionally clients. The work environment is fast paced and requires the ability to adapt to revolving deadlines, a strong understanding of internal policies and procedures, and effective communication in managing expectations across various business departments.

Role Objectives

Perform daily processing of client onboarding documentation and KYC due diligence in accordance with policies and procedures, including:
- Ensure collection of CIP information as prescribed by CDD/EDD requirements.
- Conduct background screening (i.e. OFAC, PEP, adverse news, etc.) and escalate any material results to Compliance for further review.
- Retain records of all information reviewed as part of KYC completion and ensure that completed work is archived in accordance with document retention requirements.
- Proactively manage the onboarding requests queue and evaluating potential complexities that would require additional support.
Perform data entry of client information into core system(s) quickly and accurately.
Communicate with clients and internal stakeholders (legal, tax, and other support functions, as needed) to coordinate the collection and assessment of KYC documentation and other compliance information.
Collaborate with internal departments within operations and other support functions to streamline operations processes and participate in continuous improvement initiatives.
Demonstrate good understanding of risk factors impacting client risk rating and ability to write comprehensive audit reports that define salient actions for execution.
Maintain up-to-date knowledge of relevant regulations (i.e. AML, OFAC, Bank Secrecy Act, etc.).

Qualifications and Skills

BA/BS required
3+ years of experience in financial services or related field.
Familiarity with Dodd-Frank and experience with legal documentation (ISDA, CDEA) are a plus.
Effective communicator, both verbal and written, backed by strong analytical skills and attention to detail.
Ability to work independently and prioritize tasks to meet time sensitive deadlines in a fast-paced environment.
Strong technical skills and proficient in Word, Excel and PowerPoint

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.