ABOUT SOTHEBY'S
Established in 1744, Sotheby’s promotes access and ownership of exceptional art and luxury objects through auctions, private sales and retail. Our deep expertise across 70 selling categories is supported by a leading technology platform and a global network of specialists spanning 40 countries. Selling categories include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits and Design, as well as collectible cars and real estate through RM Sotheby’s and Concierge. Sotheby’s Financial Services is a leading art lender and provides capital solutions for collectors around the world, having originated more than $12 billion in loans since its inception. Sotheby’s new global headquarters is now open at the iconic Breuer building at 945 Madison Avenue in New York City.
THE ROLE
As a Know Your Client (KYC) Analyst, you will support the Financial Crime Compliance function within Sotheby's Legal and Compliance Department and Service Operations teams by conducting client due diligence as required by applicable regulations and our global policies. This is a great opportunity to join a KYC team operating in a fast-paced anti-money laundering (AML) regulated business environment.
RESPONSIBLITIES
- Review KYC documents to ensure they meet the requirements set out by applicable regulations and policies, and advise internal stakeholders on KYC related queries.
- Support Service Operations teams by reviewing flagged alerts in systems, such as World-Check and Qual-ID.
- Advising on enhanced due diligence (EDD) requirements and escalating high-risk clients to the Financial Crime Compliance team as necessary.
- Verifying entity client due diligence (CDD) during onboarding.
- Assist in ongoing monitoring and review of CDD records, working closely with internal stakeholders to remediate any deficiencies.
- Maintain compliance records in relation to High-Risk Jurisdictions, Politically Exposed Persons, Client Risk Assessments, EDD and Senior Management Approval.
- Managing supply chain due diligence, vendor and employee screening as required.
- Provide KYC support to Sotheby’s retail and marketplace operations.
- Update Management Information reporting data to ensure that accurate records are maintained.
- Support ad hoc compliance initiatives as required.
IDEAL EXPERIENCE & COMPETENCIES
- 2+ years’ work experience with an interest in learning about global financial crime regulations.
- Self-starter with unwavering attention to detail and willing to constantly strive for improvement.
- Excellent verbal, written communication, and presentation skills, as well as good interpersonal skills.
- Ability to prioritize in a complex, fast-paced environment, working on several different and varied projects simultaneously against tight deadlines.
- Highly motivated, proactive, enthusiastic, and resourceful.
- Ability to collaborate in a team environment as well as work independently.
- Proficient use of Microsoft Office Suite (Outlook, Word, PowerPoint, and Excel) or Google Drive.
- Bachelor’s degree or working toward a degree is preferred.
- Foreign language(s) proficiency is a plus.
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The Company is an equal opportunity employer and considers all applicants for employment without regard to race (including, without limitation, traits historically associated with race, such as natural hair, hair texture, and protective and treated or untreated hairstyles), color, creed, religion, sex, sexual orientation, marital or civil partnership/union status, national origin, age, disability, pregnancy, genetic predisposition, genetic information, reproductive health decision, sexual orientation, gender identity or expression, alienage or citizenship status, domestic violence victim status, military or veteran status, or any other characteristic protected by federal, state/province or local law. The Company complies with applicable state and local laws prohibiting discrimination in employment in every jurisdiction in which it operates.
