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

Goldman Sachs • Salt Lake, UT

7d • Onsite

About The Position

Associate, Client Onboarding & Configuration with Goldman Sachs & Co. LLC in Salt Lake City, Utah. This role involves reviewing account documentation and approving accounts for a broad range of legal entity types. It also includes conducting suitability and risk assessments for accounts requesting specific trading privileges and complex investment strategies. The position requires exercising due diligence to ensure compliance with various regulatory obligations and collaborating with internal teams to improve onboarding processes. Additionally, it provides support to client-facing advisors by clarifying documentation 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.
• Prior employment must include 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.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: legal structures of different types of entities including trusts, estates, limited liability companies, partnerships, and corporations.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: reviewing complex documentation and identifying discrepancies or missing data.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: assessing risk factors and determining the appropriate course of action for non-standard or high-risk accounts.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: effectively communicating with advisors, branch managers, compliance officers, and back-office teams.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: account onboarding platforms, workflow queues, and exception management systems.
• Prior employment must include one (1) year of experience (with a Master’s degree) OR three (3) years of experience (with a Bachelor’s degree) with: 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, including: Individual & Joint Accounts, Traditional, Roth, Rollover, and Inherited IRAs, Trusts and Estates, Corporations, Partnerships, and LLCs, and Offshore Accounts.
• Conduct suitability and risk assessments for accounts requesting: Margin privileges, covered and uncovered options trading, and complex investment strategies such as covered/uncovered option advisory strategies, structured product strategies.
• Exercise due diligence reviews, ensuring 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.
• 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