Asset & Wealth Management - Salt Lake City - Associate, Client Onboarding & Configuration – 9427930

Goldman Sachs • Salt Lake City, UT

8d • Onsite

About The Position

The Associate, Client Onboarding & Configuration role at Goldman Sachs & Co. LLC in Salt Lake City, Utah involves reviewing account documentation and approving accounts for a wide variety of legal entity types. This includes Individual & Joint Accounts, various IRA types (Traditional, Roth, Rollover, Inherited), Trusts and Estates, Corporations, Partnerships, and LLCs, as well as Offshore Accounts. The role also requires conducting suitability and risk assessments for accounts requesting Margin privileges, covered and uncovered options trading, and complex investment strategies. A key aspect of the position is exercising due diligence to ensure compliance with the Firm’s Client Identification Program, SEC Books and Records, Know Your Customer Rules, FINCen Customer Due Diligence, and other FINRA and regulatory obligations. The Associate will collaborate with compliance, legal, sales, and other operations teams to handle exceptions, manage escalations, and improve the account onboarding workflow. Additionally, the role provides support to client-facing advisors by clarifying documentation requirements and regulatory interpretations.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Accounting, Business Analytics, Economics, or related field and one (1) year of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Accounting, Business Analytics, Economics, or related field and three (3) years of experience in the job offered or in a related role.
• One (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: FINRA, SEC, FINCen, and supervisory rules applicable to new and existing client accounts.
• Experience with legal structures of different types of entities including trusts, estates, limited liability companies, partnerships, and corporations.
• Experience reviewing complex documentation and identifying discrepancies or missing data.
• Experience assessing risk factors and determining the appropriate course of action for non-standard or high-risk accounts.
• Experience effectively communicating with advisors, branch managers, compliance officers, and back-office teams.
• Experience with account onboarding platforms, workflow queues, and exception management systems.
• Experience evaluating risk associated with margin and options privileges, including approvals tied to client experience and financials.
• FINRA SIE, 4, 7, 9, & 10 Licenses Required.

Responsibilities

• Review account documentation and approve accounts for a broad range of legal entity types.
• Conduct suitability and risk assessments for accounts requesting Margin privileges, covered and uncovered options trading, and complex investment strategies.
• Exercise due diligence reviews, ensuring compliance with Firm’s Client Identification Program, SEC Books and Records, Know your Customer Rules, FINCen Customer Due Diligence, and other FINRA and regulatory obligations.
• Collaborate with compliance, legal, sales teams, and other operations teams on exception handling, escalations, and improvements to account onboarding workflow and process.
• Provide support to client-facing advisors by clarifying documentation requirements and regulatory interpretations.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level