[Hiring] New Accounts Associate @Guggenheim Partners

Role Description

The New Accounts Associate plays a central role in the client lifecycle at Guggenheim Securities, LLC – a FINRA registered broker-dealer – facilitating the onboarding, Know-Your-Customer (KYC), and Anti-Money Laundering (AML) processes required to open new institutional accounts and maintain existing ones. This role sits on the critical path for revenue-generating activity across five product lines.

• Receive and process new account requests from sales personnel, liaising directly with clients.
• Manage the periodic renewal of existing client accounts, conducting scheduled KYC refresh and ongoing due diligence reviews on a risk-based cycle.
• Screen customers against the OFAC, SDN and other sanctions lists utilizing LSEG World-Check One, escalating positive screening outcomes to the AML Team.
• Coordinate with internal teams such as AML, Compliance, FinOps, Business Controls, Legal, Sales & Trading Desk Supervisors, Risk and Operations.
• Conduct research on various regulatory platforms for client information and verification.
• Handle trade-level documentation such as Options Agreements, Electronic Trading Agreements, QIB Certifications, and similar instruments.
• Review existing client files for completeness as specified by policies and procedures.
• Utilize Pershing’s NetX360 to open client allocation accounts for Sales & Trading.
• Facilitate Requests for Information (RFI) from external business partners and clients.
• Perform suitability assessments for prospective Investment Banking investors in accordance with Confidential Marketing policies and procedures.
• Apply the firm’s proprietary and AI-enabled technology to fulfill onboarding and FinCEN requirements.
• Produce and distribute recurring reporting on onboarding pipeline status, account renewal and expiration cycles, outstanding documentation deficiencies, and escalation metrics.
• Manage internal approvals and signoffs.
• Participate in ad hoc projects as assigned.
• Provide periodic evening and weekend support during active transaction periods.

Qualifications

• Familiarity with the Bank Secrecy Act, Anti-Money Laundering, Know-Your-Customer, FinCEN and Broker-Dealer rules and regulations.
• Prior experience working in the financial services industry, with a background in documentation, is preferred.
• Demonstrated ability to prioritize and handle multiple projects and assignments.
• Ability to collaborate across product lines and effectively manage competing priorities through strong time management and problem-solving skills.
• Highly organized, detail oriented and thorough, ensuring all work processes are completed accurately and appropriately.
• Demonstrates consistent professionalism in communication and can clearly articulate complex or problematic situations.
• Strong team player with a positive, collaborative attitude.
• Proactive, able to anticipate needs, take initiative, operate independently, and recognize when escalation is necessary.
• Adaptable and able to respond effectively to changing situations.
• Skilled in reviewing and analyzing customer documentation and initiating appropriate follow-up actions.
• AI-curious and proactive about adopting emerging tools, with a track record of using technology to improve process quality or turnaround time in a documentation- or control-oriented role.
• Proficiency in the Microsoft Suite, with working knowledge of Excel, Visio, and Access.
• Familiarity with Pershing NetX360, LSEG World-Check One, LexisNexis and DocuSign.

Requirements

• Bachelor’s degree or equivalent experience.
• Two to four years of relevant experience in account onboarding, KYC/AML, client documentation, or a comparable operations or control function.
• Must successfully pass a background check.

Benefits

• Annual base salary between $80,000 and $90,000.
• The base salary range represents the low and high end of the anticipated base salary range for this position.
• Actual base salaries may vary depending on factors such as location and experience.

Company Description

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston.