Full-Time
KYC Onboarding Specialist
Posted on 6/27/2024
Old Mission
51-200 employees
Global market maker for illiquid ETFs
Mid, Senior
Chicago, IL, USA
- 2-5 years of relevant work experience with a trading firm, bank, or related financial institution
- Outstanding organizational skills, emphasizing the ability to prioritize and pivot to shifting priorities on demand in a fast-paced environment
- Sound judgement, professionalism, and discretion
- Must be diligent and meticulous, with a strong focus and attention to detail
- Bachelor’s degree in relevant field
- Exceptional written and verbal communication skills with demonstrated experience facing institutional clients
- Ability to work and succeed independently as well as in a team environment
- Onboard institutional clients and counterparties, including annual KYC and account maintenance
- Respond to external onboarding and periodic KYC refresh requests
- Strive to continuously improve the Firm’s onboarding and KYC refresh processes
- Maintain counterparty metadata in the Firm’s proprietary database and other third-party platforms
- Conduct ongoing monitoring of existing counterparties, including investigating and responding to KYC alerts (e.g., PEP status, negative news, sanctions, etc.)
- Ensure all sensitive and confidential information is handled in accordance with Old Mission’s policies
- Keep abreast of changes in regulations impacting counterparty relations, communications, and document retention
- Apply critical thinking and problem-solving skills to prioritize workload and maximize efficiency
- Review existing compliance practices against regulatory requirements and industry best practices
Old Mission operates as a market maker that focuses on providing liquidity for hard-to-price and illiquid exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, helping large institutions manage and transfer risk effectively. Old Mission's approach involves a team of traders and technologists who work collaboratively to ensure efficient transactions and problem-solving. Unlike many competitors, Old Mission emphasizes the human element in its operations, fostering a culture of humility and approachability among its staff. The company's goal is to support its clients by delivering exceptional service and liquidity solutions, ultimately contributing to the stability and efficiency of the financial markets.
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Growing demand for illiquid ETFs offers Old Mission new market opportunities.
- Advancements in AI enhance Old Mission's trading algorithms for better pricing accuracy.
- Expansion of digital assets creates liquidity opportunities for Old Mission.
What critics are saying
- Increased competition in ETF market-making could pressure Old Mission's margins.
- Regulatory scrutiny on high-frequency trading may impact Old Mission's profitability.
- Volatility in emerging markets like Brazil could affect Old Mission's returns.
What makes Old Mission unique
- Old Mission specializes in pricing illiquid ETFs, a challenging market segment.
- The company combines trading expertise with advanced technology for efficient risk transfer.
- Old Mission's team values collaboration and problem-solving, enhancing client service.
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Benefits
Competitive Salary
Discretionary bonus
Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm
401(k) with employer match
Full stocked kitchen, free breakfast and lunch everyday on-site
Tuition reimbursement
Flexible Spending Plan
Commuter Benefit Program