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Associate, Client Management, Commodities

Key Areas of Responsibilities Follow CSI’s standards and requirements in dealing with Commodities introduced new relationships for account opening and onboarding to trade as well as complete all required documentation for execution for setup into CSI’s front to back systems for trading and settlement. Guide Sales and Traders during the account opening and onboarding process on the requirements, as each case may differ given the counterparty’s investor status and the jurisdiction(s) involved to d

CITIC CLSA - Hong Kong - Full time

Salary: Competitive

Key Areas of Responsibilities
  • Follow CSIs standards and requirements in dealing with Commodities introduced new relationships for account opening and onboarding to trade as well as complete all required documentation for execution for setup into CSIs front to back systems for trading and settlement.
  • Guide Sales and Traders during the account opening and onboarding process on the requirements, as each case may differ given the counterpartys investor status and the jurisdiction(s) involved to define the risk-based rating for the prospect.
  • Upkeep CSIs central account workflow system, GoldTier with the correct constitutional and authority documents at inception and on an ongoing basis with KYC Operations for periodic review, account remediation and documentation refresh work.
  • Be able to identify exceptions from CSI policies and standards for further clearance from Commodities (FICC) and AML Compliance Head.
  • Support inquiries related to audit and regulatory inspections of Commodities and other directives from AML compliance.
  • Maintain and upkeep of counterparty/client signatories and authority to trade documentation to facilitate for setup onto Commoditiess electronic trading venues and for CSI to undertake in any manual signatory execution requirement with the counterparty/client.
  • Support all systems counterparty/client administration setup for new clients are in place prior to trading and ongoing amendments and changes to be properly reflected in the system prior to trading under new setup.

Requirements
  • Strong understanding of international markets AML & KYC requirements, preferably at least 3 years of direct experience with a financial institution that operates in multiple jurisdictions will be considered for the Associate role, those with less experience may be considered for an Analyst role.
  • Direct experience in independently dealing with account opening workflow system in a global financial institution preferred and familiarity with the various steps in achieving full compliance to deal with account opening using the international AML risk-based approach to define a counterpartys risk rating will be preferred.
  • Ability to explain Commodities pre-trade process (e.g. ISDA setup, cross-border transfer transaction, precious metal settle) to handhold Sales, Traders and Clients through the account opening process for onboarding will be a major plus.
  • Familiarity of trading agreements used in the international OTC derivative markets, ISDA, VM/IM CSA and their downstream operational impacts. Associate level must have hands on experience in this area.
  • Good prioritization, organizational and multi-tasking skills.
  • Self-motivated, desire to be challenged and eager to learn.
  • Knowledge of SFC requirements around Hong Kong and/or Professional Investors desirable.
  • Attention to detail and process oriented.
  • Proficient in PowerPoint, Word and Excel
  • At least an undergraduate degree in Finance, Economics, Business, Law or of a similar nature.
  • Good communication skills (verbal and written) are a must-have. Fluency in English a must due to constant review of constitutional and authority documents as well as regulatory rules, Business Mandarin/Cantonese is desirable but not mandatory.

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