Kyc Officer Jobs

Who We Are

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.

The firm is seeking a KYC officer to join their Compliance team in their New York office.

Responsibilities

• Research clients to ensure completeness and accuracy of their KYC
• Complete KYC escalation forms for politically exposed persons (“PEP”) and clients with material adverse media for management approval
• Review and process KYCs submitted from the business for the Retail Private Clients Business / Institutional Business in the proprietary KYC systems
• Maintain daily tracking logs for account restrictions
• Review and process KYC updates to existing clients KYC information
• Notify the branches of upcoming restrictions
• Liaise with the business daily to ensure smooth KYC processing
• KYC classifications can include individuals, corporations, foreign financial institutions, personal investment companies (“PICs”), trusts, limited liability companies (“LLC”), funds, private foundations and charities
• Provide guidance on complex KYC matters to the Business to meet regulatory requirements

Qualifications

• Experience with LexisNexis a plus
• Ability to communicate effectively both over the phone and in writing
• Works well with a team but is a self-starter, can manage individual workload, and detail oriented
• Bank Secrecy Act, the USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements
• Outside the box thinker, utilizing multiple documents/sources to meet regulatory requirements
• Knowledgeable of the laws applicable to money laundering, including:
• Certified Anti-Money Laundering Specialist (CAMS) preferred
• Handle complicated, time sensitive situations and works well under pressure

Requirements

• Basic knowledge of reviewing KYCs for corporations, foreign financial institutions, trusts, PHC/PICs and complex ownership structures
• Bachelor’s Degree
• Knowledge and understanding of the FINCEN CDD requirements

Compensation

For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $57,000.00 - $75,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.