Counterparty Onboarding Specialist

Drw - Chicago, IL

Full-time - Mid Level

Chicago, IL

Merchant Wholesalers, Durable Goods

About the position

The Counterparty Onboarding Specialist at DRW is responsible for managing the entire onboarding process for trading counterparties. This role involves gathering due diligence information, providing high-touch support throughout the onboarding lifecycle, and ensuring effective communication between internal teams and external counterparties. The position requires strong organizational skills, attention to detail, and the ability to handle sensitive information while working independently within a dynamic team environment.

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 proactively question inconsistencies as a preliminary check.
• Liaise with internal teams to gather and circulate information for compliance checks, legal reviews, credit checks, and tax documentation.
• Manage competing priorities and keep internal trading teams and stakeholders informed of status throughout the onboarding process.
• Handle sensitive and confidential information in accordance with DRW's policies.
• Recommend, develop, and implement solutions to support continuous improvement to processes and procedures.
• Use critical thinking and problem-solving skills to independently anticipate, analyze, escalate, and resolve any issues.

Requirements

• BA/BS degree in Finance, Business, Legal Studies, or similar discipline.
• 1-3 years of relevant experience, preferably in financial services, compliance, or legal environment.
• Background in KYC requirements/regulations is helpful.
• Ability to effectively analyze/vet counterparty information and documentation 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.
• Highly capable of working independently while escalating material updates to management.