AML Onboarding Associate, Clear Street
$95-110k
+ Equity
4+ days a week in office
Modern infrastructure for capital markets
Be an early applicant
Modern infrastructure for capital markets
501-1000 employees
Be an early applicant
$95-110k
+ Equity
4+ 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
- Bachelor’s Degree or equivalent
- 2-5 years of experience in client onboarding for a retail broker-dealer
- Familiarity with KYC, CIP and CDD rules
- Experience with onboarding platforms and screening tools (World Check, CLEAR)
- Strong attention to detail and ability to analyze customer information and documentation
- Ability to identify issues and design effective solutions to address them
- Excellent verbal and written communication skills
- Self-starter and team player who is comfortable working in a fast-paced environment
What the job involves
- Clear Street is looking for an AML Compliance Associate who is analytical, collaborative, self-driven and detail-oriented to join our dynamic team
- The AML Compliance Associate is responsible for supporting customer onboarding and ongoing due diligence activities in accordance with the firm’s Anti-Money Laundering (AML) program, Customer Identification Program (CIP), Customer Due Diligence (CDD) and applicable regulatory requirements
- This role ensures that customers are properly identified, verified, risk-rated and monitored throughout the customer lifecycle
- The role will be based in New York City and support the Firm’s Active Division
- Gather and analyze information collected at account onboarding in accordance with the Firm’s Customer Identification Program (CIP) and Customer Due Diligence (CDD) Program requirements and assess customer risk
- Review and validate customer identification documents (e.g. government-issued IDs, formation documents, beneficial ownership records)
- Research and address AML questions from the Active Division onboarding team
- Resolve identity verification exceptions and escalate red flags appropriately
- Ensure timely and accurate documentation of CIP / CDD results within the Firm’s books and records
- Conduct CDD reviews, including customer risk assessments based on business type, geography, products, services and expected activity
- Perform periodic and event-driven CDD refreshes in accordance with regulatory and internal requirements
- Identify high risk customers and escalate cases that required Enhanced Due Diligence (EDD)
- Review and disposition of ongoing monitoring alerts including sanctions, PEP and adverse media alerts
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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