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…