Compliance - Salt Lake City - Associate, Financial Crime Controls - 9055639

Goldman Sachs•Salt Lake City, UT

1d•Onsite

About The Position

Support compliance personnel in capturing, analyzing, and documenting requirements and process flows, including drafting specification and business requirement documents for KYC (Know Your Client) processes. Provide feedback on KYC control effectiveness and support on ongoing optimization of KYC monitoring systems, scenarios, rules, and tools. This includes developing and proposing recommendations to address identified issues/risks and improve KYC processes. Understand trends in underlying data and advise on methodologies to detect potential suspicious activity or customers. Define and track project milestones while developing, maintaining, and reporting on overall integrated delivery plan. Work with cross-divisional partners, including technology, operations, and business personnel through all aspects of strategic and tactical builds of critical compliance program elements. Conduct forensic financial crime investigations of possible violations of the Bank Secrecy Act (BSA), USA Patriot Act, and other crimes related to money laundering and terrorist financing. Draft and prepare internal and external memos and reports as part of findings.

Requirements

Bachelor’s degree (U.S. or foreign equivalent) in Law, Finance, Statistics, Economics, Financial Actuarial Mathematics, Computer Science, Applied Mathematics, Software Engineering, or a related quantitative discipline.
Three (3) years of experience in the job offered or in a related role.
Three (3) years of experience understanding KYC risks & global regulatory expectations for regulated financial institutions or retail banks to recognize and advise on current/emerging risks within the KYC program.
Two (2) years of experience building and enhancing existing processes.
Two (2) years of experience communicating requirements for consumption by technology and other cross-functional partners including detailing business requirements and testing scenarios to ensure any new builds in onboarding tools satisfy regulatory expectations.
Two (2) years of experience analyzing data to draw conclusions for process improvement or issue identifications.

Responsibilities

Support compliance personnel in capturing, analyzing, and documenting requirements and process flows.
Draft specification and business requirement documents for KYC (Know Your Client) processes.
Provide feedback on KYC control effectiveness.
Support ongoing optimization of KYC monitoring systems, scenarios, rules, and tools.
Develop and propose recommendations to address identified issues/risks and improve KYC processes.
Understand trends in underlying data and advise on methodologies to detect potential suspicious activity or customers.
Define and track project milestones.
Develop, maintain, and report on overall integrated delivery plan.
Work with cross-divisional partners, including technology, operations, and business personnel through all aspects of strategic and tactical builds of critical compliance program elements.
Conduct forensic financial crime investigations of possible violations of the Bank Secrecy Act (BSA), USA Patriot Act, and other crimes related to money laundering and terrorist financing.
Draft and prepare internal and external memos and reports as part of findings.