Counterparty Onboarding Specialist

Counterparty Onboarding Specialist

DRW is a proprietary trading firm, founded and based in Chicago, IL.

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Job Description

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1,200 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

The Counterparty Onboarding Specialist will shepherd and help execute all aspects of the trading counterparty onboarding process, including gathering due diligence information, communicating status updates internally and externally, answering counterparty questions, and escalating issues internally as needed.  You’ll be responsible providing high touch support to counterparties throughout the entire onboarding lifecycle. The work is independent but you will be part of a fun, dynamic team with full support from your manager and team mates.

Key Responsibilities:

  • Manage all aspects of counterparty onboardings and periodic refreshes from end to end
  • Be the main point of contact and liaise directly with the counterparty to ensure all information is received and disseminated. Review/vet information provided by counterparty and question inconsistencies as a preliminary check.
  • Liaise with our internal teams to gather and disseminate information in order for them to conduct their checks/required tasks (e.g. compliance team to conduct KYC due diligence, legal to review/execute any required agreements, risk/credit to complete credit checks, tax to provide relevant tax documents, etc.) while at the same time fully understanding the steps that each internal groups takes to complete their task.
  • Manage competing priorities and keep internal trading teams and stakeholders informed of status throughout the entire onboarding process and escalate issues as needed
  • Handle sensitive and confidential information in accordance with DRW’s policies
  • Recommend, develop, and implement solutions to support continuous improvement to our processes and procedures

Required Skills & Experience:

  • BA/BS degree in Finance, Business, Legal Studies, and/or similar discipline
  • 1-3 years of relevant experience, preferably working in financial services, compliance, or legal environment
  • Background in KYC requirements/regulations would be helpful
  • Ability to effectively analyze/vet counterparty information and documentation in order to facilitate account opening
  • Strong organizational and time management skills; excellent attention to detail
  • Exceptional written and verbal communication skills
  • Ability to work well under pressure and handle challenging deadlines; high sense of urgency
  • Proven analytical and problem-solving skills
  • Collaborative and positive team player focused on achieving team success
  • Knowledge of financial industry products and trends
  • Proven relationship management skills

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