BlueHalo
Director of Account Opening
BlueHalo, Exton, PA
Job Overview
The Director of Account Opening is responsible for overseeing the entire account opening process within the organization. This role ensures that all new accounts are opened efficiently, accurately, and in compliance with regulatory standards. The Director will manage a team, develop and implement policies and procedures, and work closely with other departments to ensure a seamless account opening experience for clients.
Key Responsibilities;
Leadership and Management:
Compliance and Risk Management:
Client Experience:
Data Analysis and Reporting:
Collaboration and Communication:
Qualifications:
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
The Director of Account Opening is responsible for overseeing the entire account opening process within the organization. This role ensures that all new accounts are opened efficiently, accurately, and in compliance with regulatory standards. The Director will manage a team, develop and implement policies and procedures, and work closely with other departments to ensure a seamless account opening experience for clients.
Key Responsibilities;
Leadership and Management:
- Lead and manage the account opening team, providing guidance, training, and performance evaluations.
- Foster a positive and collaborative team environment.
- Set clear goals and objectives for the team, ensuring alignment with organizational goals.
- Process Development and Improvement:
- Develop, implement, and continuously improve account opening procedures and policies.
- Ensure processes are efficient, scalable, and compliant with all regulatory requirements.
- Identify and implement opportunities for automation and technology enhancements.
Compliance and Risk Management:
- Ensure all account opening activities comply with relevant regulations, including KYC (Know Your Customer), AML (Anti-Money Laundering), and other financial industry standards.
- Monitor and manage risk associated with account opening, implementing controls to mitigate potential issues.
- Conduct regular audits and reviews to ensure compliance and identify areas for improvement.
Client Experience:
- Oversee the client onboarding process, ensuring a positive and seamless experience.
- Work closely with sales, marketing, and customer service teams to ensure client needs are met and expectations are exceeded.
- Address and resolve any client issues or concerns related to account opening.
Data Analysis and Reporting:
- Track and analyze key performance indicators (KPIs) related to account opening.
- Prepare and present regular reports on account opening metrics, trends, and performance.
- Use data to drive decision-making and strategic planning.
Collaboration and Communication:
- Collaborate with other departments to ensure alignment and support for account opening activities.
- Communicate effectively with senior management, providing updates on progress, challenges, and opportunities.
- Represent the account opening function in cross-functional meetings and projects.
- Work with Learning and Leadership Development to create, implement, or update an effective training program for staff.
Qualifications:
- Bachelor's degree in Business, Finance, or a related field.
- Extensive experience in account opening, customer onboarding, or a related area within the financial services industry.
- Strong knowledge of regulatory requirements and compliance standards (KYC, AML, etc.).
- Proven leadership and management skills, with experience leading and developing a team.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and interpersonal skills.
- Ability to work collaboratively and build relationships across the organization.
- Proficiency in relevant software and technology platforms.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)