Corporate Treasury- Salt Lake City - Senior Associate, Settlements - 9088467
About The Position
The Senior Associate, Settlements role at Goldman Sachs & Co. LLC in Salt Lake City, Utah involves managing a portfolio of cash payments and receipts. This position requires working with business units to monitor payment, credit, and sanctions risk, and overseeing payment control functions including sanctions and fraud controls. The role also involves liaising with the Anti-Money Laundering (AML) compliance team to resolve payment exception risk with senior management exposure. Key responsibilities include front-line interaction with a network of key vendors across cash agent banks and central banks, ensuring the accuracy and integrity of the firm’s books and records, and performing several payment control functions to ensure process integrity. The role also focuses on managing daily cash payments and receipts for a specific portfolio, effectively identifying and protecting legitimate customer transactions through real-time transaction processing that identifies fraud attempts while allowing legitimate attempts to be executed.
Requirements
- Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Operations Management, or a related field
- Three (3) years of experience in the job offered or in a related role
- Three (3) years of experience utilizing sanction & fraud risk detection systems and internal bank systems to review suspect items and warning reports daily
- Interpret reason codes and follow specified procedures on how to handle suspect activity
- Leveraging payment knowledge in order to work closely with the technology and project team to assist with payment system design and re-write
- Ability to collect and analyze large amounts of data and provide recommendations based on the information as presented
- Communicating and interacting with external clients, Community Bank, various lines of business, and other financial institutions to verify authenticity of items or availability of funds
- Educating clients about fraud issues including online banking safety and take appropriate action to protect clients’ accounts
- Knowledge of Fircosoft or Actimize Vendor applications
- Knowledge of SWIFT, Fedwire, and ISO Payment messaging formats
- Real-time transaction processing that identifies fraud attempts, while allowing legitimate attempts to be executed
- Experience working with Compliance teams on OFAC (The Office of Foreign Assets Control) sanctions related matters
Responsibilities
- Manage a portfolio of cash payments and receipts
- Work with business units to monitor payment, credit and sanctions risk
- Oversight payment controls functions including sanctions and fraud controls
- Liaise with Anti-Money Laundering (AML) compliance team to resolve payment exception risk with senior management exposure
- Front line interaction with a network of key vendors across cash agent banks as well as central banks
- Ensuring accuracy and integrity of the firm’s books and records
- Performing several payment control functions, ensuring the integrity of our process
- Manage our daily cash payments and receipts for a particular portfolio
- Effectively identify and protect legitimate customer transactions
- Real-time transaction processing that identifies fraud attempts, while allowing legitimate attempts to be executed
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What This Job Offers
Job Type
Full-time
Career Level
Senior
