GLOBAL BANKING & MARKETS
We make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.
OPERATIONS
Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.
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YOUR IMPACT
We are looking for a professional who wants to use their skills and experience to help deliver on operations agenda while challenging themselves to further their career at Goldman Sachs.
OUR IMPACT
Operations is a dynamic, multi-faceted function that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm's assets and its reputation.
Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.
The Rolling Review team sits within Client On Boarding (COB) and supports the Know Your Customer processes across a wide range of business areas and products. The Team's primary function is to partner with key stakeholders (Compliance, Business, Client Implementation, Quality Assurance) and mitigate the regulatory risk to the fim by ensuring periodic KYC refresh.
BUSINESS UNIT OVERVIEW
Client Onboarding is responsible for facilitating the establishment and maintenance of client relationship within the firm, including, but not limited to due diligence, supporting documentation, account opening and client configuration. Client Onboarding in India facilitates client due diligence along with the refresh of client static data within the framework of the Compliance requirements for the Global Banking & Markets. The group primarily manages the accuracy of Know Your Client data for new and existing accounts through direct communication from Clients, Agent Banks & Internal business units. As a member of Client Onboarding, the individual will be instrumental in improving the efficiency and accuracy of the account opening process and configuring clients for the firm's electronic trading business across all regions and products for institutional Client services. The individual will work closely with other members of Client Onboarding and Middle Offices, as well as technology, sales traders, and compliance. Interaction with external clients required (Operations counterpart).
JOB SUMMARY AND RESPONSBILITIES
The Rolling Review teams are a key part of the Client On-boarding Team. The Client Due-Diligence manages the 'Know Your Client' (KYC) checks of clients to meet Anti-Money Laundering requirements. The Rolling Review team refreshes information on selected client accounts to ensure that it remains accurate and current for AML Compliance obligations, offboard clients that are not adhering to regulatory obligations.
• Undertaking AML checks to ensure adherence to all Compliance policies, procedures and regulatory obligations.
• Responding promptly and knowledgeably to queries from clients, the business and other internal departments.
• Risk and issue identification and escalation.
• Assisting with identifying, defining and enhancing process efficiencies which will benefit COB.
• Participating in regular meetings with Management, Compliance and Quality Assurance to maintain strong relationships across the board.
• Participating in ad hoc onboarding projects as required.
• Demonstrate the ability to constantly apply sound business judgment to identify unusual or suspicious documentation or activity.
• Develop a profound understanding of Client Identification Program (CIP) policies involving country specific requirements and translate this knowledge to day-to-day responsibilities.
• Satisfy the responsibility for completing detailed reviews of documentation for existing clients, including legal agreements and organizational documents.
• Engage in opportunities to review processes, analyze information, make decisions and recommendations, and implement and monitor procedure enhancements.
• Becoming commercially aware and understand the nature of the business you participate in while at the same time ensuring consistent adherence to all Goldman Sachs CIP standards.
• Displaying a strong ability to influence the business by serving as a liaison between Anti-Money Laundering Compliance and Sales teams.
• Proactively review indicators of operational issues/concerns with the goal of resolving such issues before client impact
• Providing effective thought leadership in navigating evolving financial regulatory landscape and helping to develop technological solutions to build appropriate architecture
• Scalability analysis of workflow cost drivers and trends to help drive process improvements and efficiency, budgeting and cost allocation to various revenue producing desks
BASIC QUALIFICATIONS
• Minimum of 8 years of professional experience within AML operations
• Ability to deliver as per deadlines.
• Adhere to risk and controls.
• Strong attention to detail.
• Strong communication and interpersonal skills written and oral ; Confident in interaction with all levels of employees.
This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. The
role shall be performed within a professional office environment. Goldman Sachs has health and safety polices that are available for all workers upon request. There are no specific health risks associate with the
role.
• Energetic and capable of multi-tasking in a fast-paced environment.
• Excellent interpersonal skills and the ability to work effectively in a team-oriented setting, prioritize projects to meet tight deadlines.
• Forward thinking with the ability to assert new ideas and follow them through / finds alternative solutions and identifies clear objectives.
• Willing to continuously learn and stay updated on the changing policy requirements including industry developments related to AML.
HOW YOU WILL FULFILL YOUR POTENTIAL
• Influence and drive strategic change across the front to back of the function and the broader stakeholder community
• Deliver consistently while dealing with multiple demands through effective prioritization, load balancing, delegation and time management
• Optimize clients' operational efficiency by offering innovative yet tangible solutions that meet their needs
• Communicate and connect with multiple levels of the organization and influence changes.
• Able to deal with multiple situations escalated by incorporating a broad set of stakeholders' viewpoints both internally and externally.
• Connect the dots and thinks holistically about optimizing commercial outcomes at the firm wide level
• Act as a senior point of contact in supporting the business and assessing new business opportunities
• Inspires followership by being a visible and connected leader at all levels of their organization
• Demonstrates a strong risk management culture and continues to look for opportunities to identify and mitigate risk.
Excellent communication and interpersonal skills with a strong appreciation of client service
PREFFERED QUALIFICATIONS
• Prior experience in client onboarding process or KYC/AML and regulations knowledge beneficial.
• Capable of working to deadlines in a high volume, high-pressure environment while maintaining 100% accuracy and positive attitude.
• Ability to adapt to change and new challenges.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2024. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer
Same Posting Description for Internal and External Candidates