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SMBC Client Onboarding Analyst in New York, New York


SMBC Capital Markets is an interest rates derivatives trading company based in New York City, with offices in London and Hong Kong. We are a subsidiary of Sumitomo Mitsui Banking Corporation (SMBC), one of the leading global banks in Japan.

Our Capital Markets business is an established derivatives dealer with a broad product portfolio, with specific emphasis on interest rates and foreign exchange. We have been in operation for more than 30 years and we are a leading market-maker in several markets.

Reporting to the Capital Markets - Client Onboarding Team Leader, the Client Onboarding Analyst is primarily responsible for new customer onboardings with respect to KYC / AML, Dodd-Frank and FATCA regulatory processes, amongst others.

The anticipated salary range for this role is between $61,000 and $90,000. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.


  • Engage internal and external clients to help facilitate the onboarding and ongoing client maintenance processes. Coordinate client onboardings across multiple functions / units - Front Office, Compliance, AML, Operations, Legal and Tax, amongst others - all in a high pressure / time-sensitive environment.

  • Review bank agreements, legal documents, and other paperwork for completeness and accuracy. Leverage accumulated wisdom to make determinations re document applicability in the risk control process, where documents are atypical or uncommon.

  • Assess / assign risk classifications to clients expanding their business, as well as those incoming; where applicable, remediate client regulatory profiles due to changes in regulatory factors.

  • Undertake renewal due diligence on existing clients to ensure identification of changes in regulatory profile, including reputational and operational risk factors.

  • Assist in delivering training related to the account opening process and key competencies required to facilitate.

  • Participate in think-tank discussions concerning KYC / AML / Dodd-Frank / FATCA policy and desktop procedure updates.

  • Assist in the creation of a Client Onboarding Desktop Procedures to ensure that the onboarding / client maintenance process is documented, transparent, consistent, sustainable and effective.

  • Participate in design and testing of enhancements to client due diligence databases, reports and systems.


  • Ideally a minimum of 3+ years of relevant Client Onboarding / Compliance KYC experience in Banking & Financial Services.

  • Strong understanding of US PATRIOT Act, BSA / AML requirements (e.g. CIP requirements; difference between CDD and EDD; etc.), as well as Dodd-Frank and FATCA.

  • Competency in using external due diligence tools such as Alacra, LexisNexis, etc.

  • Experience / appreciation for due diligence operations and onboarding applications / systems.

  • Strong interpersonal skills; ability to face-off to own management structure, Front Office, Compliance, Audit – effectively any potential touch-point relative to the onboarding / client maintenance workflow.

  • Strong communication skills – verbal, written, in-person.

  • Track-record of composure in fast-paced, high pressure environment

  • Healthy mix of compliance and pragmatism / commerciality in an environment where revenue growth is a mandate and risk control is paramount.

Job Locations US-NY-New York

Posting Date 2 months ago (1/25/2023 9:59 AM)

Career Category KYC

iCIMS ID 2023-14448

Corporate Title Analyst

Type Fulltime-Regular (Exempt/Non-Exempt)

SMBC is an EO employer – M/F/Veteran/Disability