KYC Specialist at StoneX Group Inc. (Birmingham, AL)

| Birmingham, AL
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Job Description

Primary Accountabilities / Responsibilities:
  • Contribute with identifying gaps or matters requiring additional information
  • Conduct outreach to front office teams/clients, communicate requirements and obtain necessary documentation and information needed for updating KYC customer file (as per information matrix, checklists, and guidance material)
  • Advise front office teams of deficiencies in paperwork submitted and provide guidance on the Firm's KYC obligations
  • Track information for each customer KYC file request (pending information details, aging, progress, completion status)
  • Conduct CIP updates and verification as needed (non-documentary and documentary)
  • Use checklists and guidance material during KYC review to determine customer type, risk factors, and review responses provided in due diligence questionnaires
  • Conduct database searches and evaluate results -using vendors such as Lexis Nexis and World-Check to conduct name list screening (PEPs, Negative News and Sanctions Screening); disposition false positive results
  • Input respective information during review as applicable in KYC systems
  • Based on review conducted and guidance provided, determine if escalation for further review and approval by AML is required
  • Partner with AML EDD team members as needed during the KYC review process
  • Upload KYC file (documents, checklist, evidence of screening results) into client profile
  • Use Public sources to corroborate or information where applicable (i.e. domestic public companies)
  • Promote a stronger KYC control environment in day-to-day coverage
  • Review daily reports and quality control checks on all aspects of KYC rules and regulations within the department.
  • This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.


Job Requirements:
  • Degree in related field (Financial / Compliane / Business, etc.)
  • Proven experience, 2+ years directly working in a KYC/Onboarding discipline as well as performing Due Diligence functions for a Financial Institution (ideally within Investment Banking, Institutional Broker Dealer or comparable business division).
  • Must have strong working knowledge of onboarding and conducting end-to-end KYC functions on domestic and international Legal Entity Customers (i.e. Operating Entities, Financial Institutions, Non-Bank Financial Institutions, Hedge Funds, Funds, SPVs, Personal Holding Companies)
  • Must have proficient understanding of documentation requirements on corporate structures and complex entity types
  • Direct experience in conducting Negative News, PEPs, and Sanctions screening on customers; Knowledge of and ability to utilize tools, techniques and processes for gathering data utilizing 3rd party tools such as LexisNexis, WolrdCheck as well as government registries, etc. for due diligence
  • Must have good understanding of FINCEN CDD Rule, USA Patriot Act, and OFAC regulations relating to this role
  • Proficient in Microsoft Excel, Word, and Outlook, with ability to learn new technologies quickly
  • Ability to multi-task, and establish cooperative and collaborative working relationships
  • Ability to quickly learn and use proprietary databases, computer systems and applications
  • Excellent time management skills
  • Bilingual skills strongly preferred (Fluency in Spanish or Portuguese a plus)


Physical Requirements / Working conditions:
  • Climate controlled office environment
  • Minimal physical requirements other than occasional light lifting of boxed materials
  • Dynamic, time-sensitive environment


About Us

StoneX (formerly known as INTL FCStone) is an institutional-grade financial services network that connects companies, organizations and investors to the global markets ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service and deep expertise. We provide access to 36 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and a number of bi-lateral liquidity venues. We deliver this access with support throughout the entire lifecycle of a trade - from consulting and "boots-on-the-ground" intelligence, to best execution, to post-trade clearing, custody and settlement. In these ways, StoneX enables clients to use the global markets ecosystem to achieve their business goals through one trusted partner. We currently serve more than 30,000 commercial, institutional and payments clients, and more than 125,000 retail clients across more than 130 countries. Our clients use our institutional-grade digital platforms, our high-touch service, and our market intelligence to pursue trading opportunities, make investments efficiently, manage their market risks, and improve their business performance. Our relentless focus on helping them accomplish these objectives has enabled us to build deeply valued, long-term relationships based on guidance, integrity, transparency and trust.

StoneX Group Inc. is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
More Information on StoneX Group Inc.
StoneX Group Inc. operates in the Fintech industry. The company is located in New York, NY. StoneX Group Inc. was founded in 2022. It has 1502 total employees. To see all 15 open jobs at StoneX Group Inc., click here.
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