Job Description

Who We Are:

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle-market investment bank and full service broker-dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.

Oppenheimer & Co. Inc. is seeking a KYC Officer to join our Compliance Team in our New York office.

Responsibilities:

• Review and process KYCs submitted from the business for the Retail Private Clients Business / Institutional Business in the proprietary KYC systems
• KYC classifications can include, individuals, corporations, foreign financial institutions, personal investment companies (“PICs”), trusts, limited liability companies (“LLC”), funds, private foundations and charities
• Research clients to ensure completeness and accuracy of their KYC
• Review and process KYC updates to existing clients KYC information
• Maintain daily tracking logs for account restrictions
• Notify the branches of upcoming restrictions
• Complete KYC escalation forms for politically exposed persons (“PEP”) and clients with material adverse media for management approval
• Liaise with the business daily to ensure smooth KYC processing
• Provide guidance on complex KYC matters to the Business to meet regulatory requirements

Qualifications:

• Certified Anti-Money Laundering Specialist (CAMS) preferred
• Experience with LexisNexis and Actimize a plus
• Outside the box thinker, utilizing multiple documents/sources to meet regulatory requirements
• Works well with a team but is a self-starter, can manage individual workload, and detail oriented
• Ability to communicate effectively both over the phone and in writing
• Handle complicated, time sensitive situations and works well under pressure
• Knowledgeable of the laws applicable to money laundering, including:
  • Bank Secrecy Act, the USA PATRIOT act, US Treasury AML guidelines, OFAC requirements
• Experience with Latin American corporate structures / complex ownership involving multiple jurisdictions
• Fluent in English and Business level fluency in Spanish, Preferred

Requirements:

• Bachelor’s Degree
• Expert knowledge of reviewing KYC documentation for corporations, foreign financial institutions, trusts, PHC/PICs and complex ownership structures
• Well versed in FINCEN CDD requirements
• Ability to think critically, analyze situations, and provide an assessment to keep management informed

Compensation:

For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $75,000.00 - $85,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.