New Accounts Associate

Summary

Guggenheim Securities, LLC is a FINRA-registered broker-dealer and the investment banking and capital markets business of Guggenheim Partners. The New Accounts Associate facilitates institutional account onboarding, KYC and AML processes, documentation review, client due diligence, regulatory screening, and account maintenance. The role also coordinates with internal teams, manages reporting and approvals, and uses AI-enabled technology to improve onboarding and compliance workflows.

Responsibilities

• 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, obtaining refreshed documentation and certifications from clients, and remediating expired or deficient records within established timeframes
• 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 in accordance with established policies and procedures
• 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
• For Sales & Trading, utilize Pershing’s NetX360 to open client allocation accounts
• 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, and identify opportunities to improve those workflows
• Produce and distribute recurring reporting on onboarding pipeline status, account renewal and expiration cycles, outstanding documentation deficiencies, and escalation metrics for Compliance, desk supervisors, and senior management, including data for regulatory and audit requests
• Manage internal approvals and signoffs
• Participate in ad hoc projects as assigned
• Provide periodic evening and weekend support during active transaction periods
• Applying AI-enabled and proprietary tools to accelerate document review, client research, and verification workflows — while retaining full analytical ownership of every conclusion reached
• Identifying recurring friction in onboarding, KYC, and RFI workflows and proposing technology-enabled solutions rather than absorbing manual effort
• Improving signal quality in screening and due diligence review by using tooling to surface exceptions faster, escalating judgment calls to the AML Team as required
• Adopting new internal platforms quickly and helping colleagues do the same
• Exercising sound judgment on the appropriate use of AI in a regulated environment, in accordance with firm data-handling, records-retention, and supervisory policies

Skills

• 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
• Familiarity with the Bank Secrecy Act, Anti-Money Laundering, Know-Your-Customer, FinCEN and Broker-Dealer rules and regulations
• 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
• Prior experience working in the financial services industry, with a background in documentation, is preferred

Qualifications

Must Haves

• 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
• Familiarity with the Bank Secrecy Act, Anti-Money Laundering, Know-Your-Customer, FinCEN and Broker-Dealer rules and regulations
• 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

Nice to Haves

• Prior experience working in the financial services industry, with a background in documentation, is preferred

Benefits

• Currently, this role will be remote
• Specific start and end times may be flexible and set in coordination with the manager.
• The total compensation package may include other components such as incentive compensation.