New Accounts, Experienced Associate

Job Description:

Position Summary

The New Accounts Experienced Associate plays a central role in the client lifecycle at Guggenheim Securities, LLC – a FINRA registered broker-dealer – facilitating the onboarding, Know-Your-Customer (KYC), and Anti-Money Laundering (AML) processes required to open new institutional accounts and maintain existing ones. Because account readiness directly gates the firm’s ability to transact, this role sits on the critical path for revenue-generating activity across five product lines.

Responsibilities include reviewing account documentation in accordance with legal and regulatory standards. This role requires meticulous attention to detail and the ability to effectively prioritize workflow while examining materials submitted by both internal and external business partners. Coverage spans product areas such as Investment Banking (both domestic and international branches), Equities Sales & Trading, Derivatives, Fixed Income, and Syndication.

Essential Job Functions

• 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

How We Work: AI and Technology

We leverage AI to work smarter and move faster. We seek AI-curious talent who are proactive about using emerging tools to increase signal quality, reduce friction, and improve outcomes — delivering faster, providing better service to our partners, and streamlining processes. Your ability to leverage our internal tools and technology to drive results is as important to us as your core domain expertise.

In this role, that means:

• 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

Preferred Qualifications

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

Basic Qualifications

• 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
• Prior Broker-Dealer/Investment Banking experience preferred
• Must successfully pass a background check

Work Location

• Currently, this role will be remote
• Regular working hours for this role are based upon Eastern Time, regardless of the employee's location. Specific start and end times may be flexible and set in coordination with the manager. Some night and weekend work may be required.

Salary

• Annual base salary between $100,000 and $110,000.
• The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

About Us:

Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston.

For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at [email protected] or 212.518.9200.

Guggenheim Securities, LLC (“GS”) does not accept unsolicited resumes or applications. GS considers any resume or application to be unsolicited if (a) received from an entity or individual without a current recruiting agreement with GS or (b) submitted to anyone at the firm other than through the process set forth in the recruiting agreement between GS and the submitting entity or individual, and GS will not pay a fee to any entity or individual for such submission.