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Wealth Management-Salt Lake City-Analyst-Client Implementation & Quality Assurance

Goldman Sachs

Goldman Sachs

IT, Accounting & Finance, Quality Assurance
Salt Lake City, UT, USA
Posted on Thursday, June 6, 2024

Job Description

YOUR IMPACT

Are you looking to apply your analytical skills while deepening your understanding of the Private Wealth Management (PWM) business? Our CIP QA Team is seeking a professional who is looking to help safeguard the firm by completing detailed client data quality reviews, partnering with Compliance, working with the Client Implementation and Maintenance Team to ensure that all regulatory and internal protocols are followed for our clients.

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

QA is a highly regulated team that focuses on account document, data integrity, risk management and regulatory requirements. QA works closely with PWM teams, PWM Compliance, PWM Legal, and other Operations groups to ensure that our data is accurate and that we are meeting all regulatory obligations.

In this role you will be responsible to conduct Quality Assurance(QA) check on end to end KYC reviews for different types of entities across ASIA, EMEA & US. You will also work extensively with FCC and Operations teams to maintain the quality if the highest standards.

Responsibilities:

  • Conducting QA check on completed new and existing different types of client KYC files (such as, Individuals, Joints, private Investment Vehicle, Special Purpose Vehicle, Private/Mutual Funds. Trust, Insurance Company, Private/Public Operating Company, etc.,) as per established quality framework and meet the required agreed SLAs.
  • Responsible for verification of Client data, End to end understanding of KYC operations from documentary and non-documentary verification as per the CIP policy, nature of business, SOW/SOF, PEP Analysis, Bearer share analysis, World check name screening analysis.
  • Review ownership unwrapping/drilldown (Ultimate Beneficial owner) and other related parties such as, directors, Auth. Signatories/Traders, Corporate officers, etc. according to the policy requirements
  • Review and highlight Policy & Procedural requirements if there is any defect
  • Maintain awareness of Regulatory/FCC policy updates and incorporate the process and procedural changes in the KYC review process
  • Complete the QA reviews in a timely manner by maintain the highest quality standards
  • Resolve issues through coordination with the PWM CIM Operations, Compliance, and PWM Management.
  • Primary Contact for expertise on policy and procedures
  • Excellent stakeholder engagement skills
  • Make recommendations on process improvements to increase efficiency and accuracy
  • Coaching the junior team members and providing guidance in exception handling

Requirements:

  • 3 or more years of relevant work experience in KYC/AML/CDD - QA/QC/Client Onboarding/Periodic review in other banks/ KPO’s.
  • Strong Analytical, Problem-solving, Decision-making skills, Attention to detail and Risk focused mind set
  • Overall understanding of the client lifecycle process and various types of account structures
  • Ability to independently review, analyze and identify the Errors/Discrepancies in the KYC/CDD files
  • Ability to interpret and excellent understanding of end-to-end KYC/CDD Policy, Procedure requirements & Terminologies.
  • Ability to effectively manage internal and external stakeholders
  • Absolute discretion when dealing with confidential matters
  • Ability to multi-task and prioritize accordingly
  • Team player with flexibility and adaptability to change
  • Knowledge of MS Office (Word, Excel, etc.)
  • Excellent interpersonal skills, both written and oral
  • Professional certifications such as CAMS, ICAI Certification on KYC/AML/Basic CDD/Advanced CDD would be an advantage.
ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html


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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity