• Compliance, Global Transaction Banking – KYC, Analyst/Associate

    Location(s) US-UT-Salt Lake City
    Job ID
    2019-58167
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Compliance
    Region
    Americas
    Division
    Compliance
    Business Unit
    Financial Crime Compliance COO
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    GLOBAL COMPLIANCE

    Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape. 

    RESPONSIBILITIES AND QUALIFICATIONS

    GLOBAL COMPLIANCE
    Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

     

    BUSINESS UNIT AND ROLE OVERVIEW
    Financial Crime Compliance (“FCC”) has primary responsibility for the execution of the firm’s enterprise-wide Anti-Money Laundering (“AML”), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening, as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, market abuse, or other suspicious activity.

    Goldman Sachs Bank USA (the “Bank”) is a New York State-chartered bank and a member of the Federal Reserve System.  All of the firm’s revenue divisions conduct business in the Bank.  Bank activities include the acceptance of client, customer and brokered deposits; the origination of bank loans and mortgage loans; entering into interest rate, credit, currency, and other derivatives; and agency lending.  The Bank facilitates client transactions and makes markets in fixed income products.

    OPPORTUNITY
    FCC is seeking an individual to join its FCC Transaction Banking team to assist in designing and implementing customer due diligence and enhanced due diligence processes for the Bank’s start-up Global Transaction Banking business.  She will be working with cross-divisional partners and execute the following responsibilities:

    Conduct enhanced due diligence on high-risk customers to identify potential legal, regulatory or reputational risk

    Provide guidance to the client onboarding teams and the business on anti-money laundering related matters

    Review screening matches and respond to ad hoc escalations

    Work on strategic projects, including system builds and integrations

    The successful candidate will have strong analytical and risk assessment skills, the ability to collaborate with others, manage workflows and multi-task.  The team member would be expected to quickly gain an understanding of the firm’s transaction banking businesses and the rules and regulations under which the Bank operates.

     

    Basic Qualifications

    • 3+ years of prior KYC experience, preferably in the commercial banking industry
    • Understanding of BSA/AML rules and regulations
    • Excellent written and verbal communication skills
    • Proactive, self-motivated, detail-oriented and well-organized
    • Ability to adapt to new changes and new challenges
    • Ability to prioritize work flows and ensure deadlines are met
    • Ability to work independently and yet still be team-oriented
    • Ability to forge strong relationships with colleagues and clients

    Preferred Qualifications

    Understanding of the opportunities and challenges in the digital finance sector, particularly as they relate to AML

    Experience and understanding of the transaction banking business.

     

    YOUR CAREER

    Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programs designed to improve multiple facets of your skills portfolio. Our in-house training program, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.

    We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.