Company Description

MarketAxess is a FinTech company and component of the S&P 500. We are a leading provider of global fixed income trading platforms, data, and post-trade solutions. 

The fixed-income markets represent an enormous global marketplace, where only a fraction of average daily trade volume occurs electronically. Believe it or not, most fixed-income trades are still executed via phone or blotter, providing us with a significant opportunity for disruption and future growth. 

We believe this market is ripe for disruption and have created a proprietary electronic platform that connects the world’s most influential financial institutions to the world’s largest capital market. Since 2015, MarketAxess has grown from roughly 300 employees to approximately 700 with offices across seven countries and annual revenue has more than doubled. We’re excited about the growth opportunities ahead and have built a fast-paced, collaborative, environment where all employees are empowered to make a material impact. We hope you’ll come join us!

Job Description

The Client Onboarding KYC/AML associate will partner with the client-facing teams to ensure all client KYC/AML records are compliant with regulatory standards and will ensure high quality and timely completion of all client-level due diligence requirements as part of the periodic review process of client relationships.

Risk Responsibilities  

• Ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility. 
• Ensure that you engage appropriately with the Risk team to ensure the effective implementation of all risk management processes. Provide input to these processes if requested (for example Risk and Control Self-Assessment process, scenario analysis, ‘Deep Dive’ reviews and any others, as required); 
• Report all events and breaches where there has been a failure to adhere to policies and controls to the Compliance function 

Responsibilities: 

• Partnering with the client facing teams to collect required legal documents and associated information to meet all regulatory and internal polices 
• Act as the clients’ point of contact by addressing their issues and concerns and providing resolutions to their onboarding queries in line with our internal policies, the regulatory environment and market practices 
• Gather and research information on clients to enrich requests (beneficial owners, shareholder information and other client intelligence) 
• Analyze and determine account documentation required based upon counterparty type and products traded 
• Undertake quality review of clients’ KYC records 
• Act as a KYC and AML subject matter expert 
• Ensure the proper onboarding-related maintenance of our existing clients:
• Organize the planning for periodic documentation refreshes, based on vetting expiry dates 
• Liaise with business owners to confirm the client activity and confirm the need for renewing on-boarding status or refer for offboarding 
• Update CDD forms and collect documentation for periodic reviews per the mandated timeline or as necessary based on changes that would trigger an event driven review 
• Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues

Qualifications: 

• Strong written and oral communication skills; able to influence internal and external stakeholders
• Strong client focus and ability to partner with various internal groups and client coverage 
• Independent, self-motivated, with ability to adapt and be flexible in a team environment
• Ability to demonstrate good judgement and decision making in escalating potential risk to the Firm
• Strong analytical, prioritization and organizational skills
• Strong risk and controls awareness 
• Ability to successfully navigate a complex infrastructure that involves numerous groups and individuals
• Ability to work under pressure and to fixed deadlines 
• Multi-tasker who can manage multiple streams of work concurrently 

Required Knowledge/Experience: 

• Bachelor’s degree required 
• 2-3 years’ experience in financial services, Operation or Compliance fields 
• Prior experience in AML/ KYC is required 
• Client Onboarding and/or documentation analysis experience required 
• Wide knowledge of financial products 
• Computer savvy 
• Series 99 preferred 

Additional Information

What’s In It For You?

In addition to working on cutting edge technology and in our culture of innovation, collaboration, and openness, we offer:

• Hybrid Environment: Flexibility matters! Our employees enjoy a mix of working in the office and from home
• Employer Provided Food: Free lunch is delivered for all employees when in the office. Offices are always stocked with free snacks and drinks.
• Paid time off: competitive PTO package including vacation days, sick leave, charity leave and parental leave
• 401(k): Dollar-for-dollar employer match up to $10K
• Health Insurance: Highly competitive medical, dental, and vision programs
• Wellness Stipend: Up to $1K annually towards gym memberships, home office equipment and more
• Onsite Healthcare: Convenient access to world-class care through Mount Sinai at our Hudson Yards location
• Tuition Assistance and Professional Training: We want to empower your continued growth and development. On-demand learning, boot camps, and opportunities to attend conferences are available to all employees

Our employees’ health and wellbeing is a top priority for us. As a result, MarketAxess requires employees to be fully vaccinated against COVID-19 to work onsite in our New York office. Proof of vaccination will be required to enter the premises. We will provide reasonable accommodations consistent with legal requirements (e.g. for medical, religious, or state law recognized reasons).

MarketAxess Corporation and its affiliates provide equal employment opportunities to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, veteran status or any other characteristic prohibited by federal and state law.

All your information will be kept confidential according to EEO guidelines.