Compliance- Richardson - Associate, Financial Crime Controls- 9104581

Goldman Sachs•Richardson, TX

23h•Onsite

About The Position

The Associate, Financial Crime Controls role at Goldman Sachs Bank USA in Richardson, Texas, involves analyzing new and emerging AML (anti-money laundering) risks across business lines. The position focuses on identifying areas needing enhanced transaction monitoring and controls. Responsibilities include analyzing customer and transaction data, running complex queries, identifying automation opportunities, and improving transaction monitoring processes. The role requires serving as a subject matter expert (SME) for TM systems, with a deep technical understanding of their functionality, including data segmentation, data flows, scenario threshold tuning (Above-the-Line/Below-the-Line), and troubleshooting. Additionally, the role involves understanding data workflows from ingestion to reporting, optimizing system configurations, minimizing false positives, and enhancing detection capabilities through segmentation and tuning using platforms like Actimize, Snowflake, and Alteryx. The position also requires monitoring changes in AML regulations and emerging risks, performing complex data analysis, advising business leaders, directing policy/standard/procedure/process implementation or amendments to meet regulatory requirements, and challenging implementation plans as necessary.

Requirements

Master’s degree (U.S. or foreign equivalent) in Data Analytics, Information Technology, Software Design, Computer Engineering, Software Engineering, or a 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 Data Analytics, Information Technology, Software Design, Computer Engineering, Software Engineering, or a related field and three (3) years of experience in the job offered or in a related role.
Prior experience must include one (1) year with a Master’s degree OR three (3) years with a Bachelor’s degree with: understanding of Transaction Monitoring Models and Systems including above and below the line tuning and optimization; complex AML (anti-money laundering) legislation, typologies, related risks, and banking impacts; data analysis tooling such as Alteryx, SQL, Python, and Excel; data visualization software such as Tableau; and data lineage and issue identification experience including data contract development.

Responsibilities

Analyze new and emerging AML risk related to each business line within the firm.
Identify areas where the firm needs additional transaction monitoring coverage and applicable controls.
Analyze customer and transaction data.
Run complex queries.
Identify potential automation solutions.
Solve inefficiencies within our transaction monitoring processes.
Serve as the subject matter expert (SME) for TM systems, with a deep technical understanding of how they work, including data segmentation, data flows, Above-the-Line/Below-the-Line tuning for scenario thresholds, and associated troubleshooting.
Understand data workflows from ingestion to reporting.
Develop strategies to optimize system configurations, minimize false positives and enhance detection capabilities through segmentation and tuning efforts.
Monitor the changes in AML regulations and emerging risk.
Perform complex data analysis.
Advise business leaders.
Direct the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements.
Challenge the implementation plan as needed.