Asset & Wealth Management Operations-Irving-Associate-Wealth Services Team

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it’s all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

Asset & Wealth Management includes our Advisory business ‐ Goldman Sachs Wealth Services (GSWS). We provide wealth management and banking expertise to consumers and institutions around the world.  Asset and Wealth Management partners with various teams across the firm to assist individuals and institutions navigate changing markets and take control of their financial lives.

Responsibilities and Qualifications

Your Impact

We are seeking a Client Onboarding New Account Approver professional to join the Goldman Sachs Wealth Services team in Asset & Wealth Management. The team is responsible for collaborating with the GSWS Advisor Teams, Legal, Compliance, Technology and Anti Money Laundering function to facilitate account opening and maintenance for GSWS clients while providing excellent client service and subject matter expertise to our business partners.

This role will require the candidate to have a solid understanding of various new account types, account documentation, data integrity, risk management and financial regulatory requirements. Client Onboarding New Account Approver is responsible for capturing all required information for regulatory compliance, firm policies and to perform due diligence for all new client accounts/applications. The ideal candidate will be FINRA Series 4, 7 & 9/10 licensed and have previous broker‐dealer and/or clearing firm experience in a financial service brokerage environment. Additionally, the candidate will be challenged to review and improve existing processes/procedures to further reduce risk while increasing efficiency.

Job Summary and Responsibilities

• Prior broker‐dealer operations experience, especially with new account opening, would be required
• Perform new client screening for Anti Money Laundering and Know Your Client requirements
• Utilize proprietary and external systems to evaluate complex account opening requirements while making critical thinking decisions in a fast‐paced brokerage environment
• Work closely with GSWS Advisor teams ensuring all client documentation is accurate and up to date
• Generate reporting metrics while leveraging the firm’s platforms to continually meet and ultimately improve the needs of the business
• Monitor activities related to the inflow and outflow of client information while mitigating unnecessary exposure to the firm and its clients.
• Instrumental in the documenting of new and the editing of existing procedures while recommending follow‐up actions or alternatives.
• Ability to build strong relationships with both internal and external partners while supporting positive outcomes for the firm and its clients
• Solid understanding of reporting, analytical, and risk mitigation techniques
• Work closely with related teams across the business to ensure new account reviews are conducted while leveraging proper control and risk mitigation strategies
• Development, implementation, and execution of risk prevention strategies while mitigating fraudulent activity
• Seek opportunities to leverage data review/analysis to identify opportunities to improve processes and procedures
• Ability to work independently and within a team environment
• Information confidentiality is of the utmost importance for this position

Qualifications

• FINRA Series 7, 9/10 required, Series 4 would be a plus or willingness to obtain within 90 days
• Financial service experience and knowledge of investment products would be required.
• Ability to analyze patterns/trends and communicate findings in an effective/efficient manner
• Good understanding of the investment banking/securities industry and various investment products
• Strong analytical, investigative, and risk assessment skills
• Ability to prioritize