Customer Due Diligence Team Lead, Clear Street
Company equity available
3+ days a week in office
Modern infrastructure for capital markets
Job no longer available
Modern infrastructure for capital markets
501-1000 employees
Job no longer available
Company equity available
3+ days a week in office
501-1000 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- Five years of experience in a CDD role within the wholesale financial services industry
- Solid understanding of UK and international financial crime legislation, regulation and best practice, including the Money Laundering Regulations, the FCA Financial Crime Guide for Firms, JMLSG, Wolfsberg documentation etc
- Experience of onboarding complex and high-risk clients, including offshore entities, hedge funds unregulated corporates and politically exposed persons
- Excellent analytical, problem-solving, and decision-making skills
- Strong written and verbal communication skills
- Proficiency in Microsoft Office Suite
- Confidence to deal with colleagues at all levels of the organisation
- Experience of working with screening software such as World-Check
- Degree in Business, Finance, Law or a related field
- (Preferred) Professional qualifications in financial crime management preferred such as CAMS certification
What the job involves
- The Customer Due Diligence (CDD) Team Lead will work with the MLRO and the DMLRO to ensure that risk-based customer, counterparty and vendor KYC is undertaken in accordance with legislative, regulatory, best practice and internal standards
- This will involve conducting and supervising reviews at the onboarding stage, at periodic refresh and following a trigger event
- It will also involve providing guidance to CDD team members in relation to how more complex situations should be addressed and will also involve the authority to approve KYC for a number of account types
- This role will fulfill a core function in relation to upholding the CSUK financial crime risk management framework
- This is an excellent opportunity for those wanting to contribute within a fast-paced financial technology environment
- Undertake and supervise counterparty outreach to obtain necessary CDD documentation
- Undertake and supervise desk-based reviews to obtain counterparty CDD documentation
- Undertake and supervise counterparty screening to identify alerts for politically exposed persons, sanctions matches and adverse media; disposition or escalate screening alerts as necessary
- Allocate and challenge counterparty risk ratings
- Undertake and supervise client categorisation under MIFID II
- Keep up to date with developments in CDD legislation, regulation, best practice and internal requirements
- Suggest enhancements to internal CDD processes and procedures
- Liaise with the Business to provide updates on the status of individual CDD reviews
- Provide management information on the progress of individual CDD reviews
- Undertake ad hoc projects to support the overall financial crime and CDD control framework
- Liaise with counterparties to provide them with relevant client onboarding documentation and ensure this is completed correctly
- Respond to reverse KYC questions
- Undertake, document and supervise enhanced due diligence reviews
- Ensure that accounts are offboarded in accordance with internal procedures
- Keep thorough records of all work undertaken to ensure the integrity of the audit trail
- Guide CDD team members, and CSUK employees, on relevant CDD requirements
- Identify red flags that arise as part of the onboard or refresh process and escalate these as appropriate
- Approve KYC files completed by others
- Undertake ad hoc project work as required to contribute to the wider CSUK financial crime control framework
Salary benchmarks
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street has been experiencing a period of rapid expansion, both geographically and across the financial services industry. It is also well-funded, which allows it to continue to pursue better infrastructure for capital markets into the future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company HQ
World Trade Center, New York, NY
Leadership
Chris Pento
(Board Member & Co-founder)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(Board Observer & Co-founder)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Chair & Co-founder)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Ed Tilly
(CEO)Was Chair and CEO at Cboe Global Markets for 11 years, and prior to that a Market Maker at Fossett Corporation.
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