Associate, Client Lifecycle Management

About ABN AMRO Clearing USA LLC

ABN AMRO Clearing USA LLC (AAC-USA) is a subsidiary of ABN AMRO Clearing Bank N.V. We are a global clearing firm that provides an integrated suite of financial services to professional trading participants in the global financial market.

The core service offering consists of clearing, execution, stock borrowing and lending, settlement. AAC-USA has a Global Reach through direct and indirect clearing memberships to over 90 of the world’s leading exchanges. Our international network provides comprehensive market access to exchange-listed instruments such as stocks, futures, and options. ABN AMRO Clearing USA LLC-Member FINRA, NFA, FIA and SIPC.

Job Overview:

The Client Lifecycle Management Team is part of the Commercial department and is responsible for various processes with a focus on Anti-Money Laundering (AML) and Know Your Customer (KYC) regulation and practice. Responsibilities include client onboarding, periodic KYC reviews, client static data and trader maintenance, ongoing monitoring of client and client-related parties, updating exchange memberships, and client offboarding. This role supports the Proprietary Trading Group, Commercial Hedger and Prime segments of the firm and works in collaboration with the Relationship Management, Compliance, Legal, Risk, Credit and Finance teams both locally and globally.

Job Responsibilities:

• Review and approve required application and KYC documentation for new client onboarding and prepare client acceptance documentation to submit for regional and global approval.
• Perform KYC customer due diligence (CDD) on clients, authorized signatories, beneficial owners and traders in accordance with firm policy and procedure
• Manage the end-to-end KYC process for all U.S. clients including periodic and event-driven reviews for neutral, medium and increased risk-rated clients.
• Process and decision the daily ongoing monitoring screening alerts, liaising with Relationship Managers and Compliance teams on any true match escalations.
• Perform data quality four-eye checks to ensure validity and accuracy of client data and information
• Collaborate with clients and Relationship Managers to ensure all relevant and required documentation is received and completed by internal deadlines
• Escalate material true match screening alerts, along with any other issues, complaints, or exception requests to appropriate personnel in management, Compliance, Legal or Risk teams as needed
• Process ad-hoc client maintenance including, but not limited to, legal name changes, address changes, ownership changes, TIN changes, membership changes as well as changes in authorized signers, ultimate beneficial owners and traders ensuring all required documentation for any such changes is received.
• Collecting required client agreements and term sheets in accordance with relevant internal and external guidelines, and ensuring these documents are executed by an authorized signatory and stored in the client file.
• Offboard client relationships and close accounts.

Basic Qualifications:

• 3 years experience within the financial services industry or within a KYC or AML role
• Bachelor’s Degree
• Strong knowledge of U.S. AML regulations including the Bank Secrecy Act, USA Patriot Act, FINCEN CDD Final Rule, etc.
• Strong attention to detail
• Strong communication and interpersonal skills
• Ability to work collaboratively in a dynamic team environment
• Ability to solve complex problems in a fast-paced environment

Preferred Qualifications:

• Certified Anti-Money Laundering Specialist (CAMS) certification
• Strong knowledge of best practices for KYC client reviews
• Working knowledge of SalesForce
• Experience with various KYC systems and 3rd party vendors (Equifax, Lexis Nexis, WorldCheck, Wolters Kluwer, Moody’s (RDC), Fenergo, etc)

Annual base salary, not including discretionary bonus eligibility: $75,000- $95,000

Perks and Benefits

As a global leader in financial services, we rely on the strengths of our employees to deliver their best work for our clients. We invest back in our employees by offering a host of benefits and perks.

• Competitive health benefit offerings, including choice of three medical plans through BCBS-IL, dental, vision and flexible spending accounts
• Complimentary annual membership to One Medical as well as an EAP
• Robust 401(k) Plan with a generous match and vesting schedule
• Use it or lose it pre-tax commuter benefits, corporate Divvy memberships and employer paid benefits such as term life and AD&D and disability insurance
• Generous paid time off, sick days, a robust holiday schedule and parental leave plans.
• Monthly wellness subsidy used towards wellness activities
• Flexible hybrid work schedules
• Open communication including regular Town Hall meetings with the Management Team
• Forward-thinking, culture-based organization with collaborative teams that promote diversity, equity and inclusion
• Free coffee & tea and “bagel Wednesday”
• Employee-led Social and Philanthropy Committee to bring awareness and fun to the employees
• Awesome office space with a large kitchen/meeting gathering area – including a foosball and ping pong table
• Private, well-equipped Mother’s room
• Office is conveniently located in the Chicago Loop Financial District – close to CTA and Metra
• Well maintained building (an architectural “masterpiece”) and a part of Chicago history – also includes a robust business center with a café, game-room and a shared rooftop terrace with green space

This information is intended as a summary of potential benefits only. Eligibility for the plans and programs listed here depends on the nature of employment, length of service and other factors. Actual coverage is governed by supporting summary plan descriptions and related policies.

ABN AMRO Clearing USA (AAC-USA) is proud to be an equal opportunity employer. AAC-USA celebrates diversity and does not discriminate on the basis of actual or perceived race; creed; color; religion; alienage or national origin; ancestry; citizenship status; age; disability or handicap; sex; marital status; veteran status; sexual orientation; status as a survivor of domestic violence, sex offenses, or stalking; genetic predisposition or carrier status; gender identity or expression; or any other characteristic protected by applicable federal, state or local laws.

We cultivate a culture of inclusion for all employees that respects individual strengths, views and experiences. This enables us to be a better and stronger team – one that makes better decisions and delivers better business results. AAC-USA participates in the E-Verify program in the US.

Notice and Disclaimer to External Recruitment Agencies:

External recruitment agencies must have a signed agreement with ABN AMRO Clearing USA, LLC (“AAC-USA”) prior to submitting a resume to fill a vacancy. In addition, a recruitment agency may only submit a resume when invited in writing by an AAC-USA Talent Acquisition Specialist to join the search to fill a specific vacancy. Any resume or other candidate information sent to AAC-USA not in accordance with the foregoing procedure will be considered exclusive property of AAC-USA, with respect to which no placement fee will be due, owing or paid to the sender.