Compliance, Transaction Banking - Transaction Monitoring, Associate

Global Compliance   Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; conducts independent testing; investigates, surveils and monitors for compliance risks and breaches; and leads the firm’s responses to regulatory examinations, audits and inquiries. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.
BUSINESS UNIT AND ROLE OVERVIEW

Financial Crime Compliance (“FCC”) has primary responsibility for the execution of the firm’s enterprise-wide Anti-Money Laundering (“AML”), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening, as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, market abuse, or other suspicious activity. 

Goldman Sachs Bank USA (the “Bank”) is a New York State-chartered bank and a member of the Federal Reserve System.  All of the firm’s revenue divisions conduct business in the Bank.  Bank activities include the acceptance of client, customer and brokered deposits; the origination of bank loans and mortgage loans; entering into interest rate, credit, currency, and other derivatives; and agency lending.  The Bank facilitates client transactions and makes markets in fixed income products.

OPPORTUNITY

FCC is seeking an individual to join its FCC Transaction Banking team to assist in designing and implementing transaction monitoring surveillance models, and lead the operational aspect of AML Transaction Monitoring for Global Transaction Banking business.  S/he will be working with cross-divisional partners, including technology, operations and business personnel through all aspects of building and modifying the critical transaction monitoring program, including but not limited to the following:

• Capturing, analyzing and documenting business requirements and functional specifications
• Data sourcing, data analysis and identifying data requirements
• Working with Investigation team to identify the issues and spin projects to optimize the surveillances
• Working with business products teams to understand business products and drive projects to adapt surveillance and models to changing business products
• Data validation planning and execution oversight
• Project tracking and execution
• Documentation of project artifacts for Compliance testing, Model Validation, regulatory and audit purposes

The successful candidate will have strong analytical skills, the ability to collaborate with others, manage workflows and multi-task.  The team member is expected to quickly gain an understanding of the firm’s growing global transaction banking businesses, and the rules and regulations under which the Bank operates.

The role is open to start immediately.

Basic Qualifications:

• 3+ years of prior experience in an analytical or technical role in Financial Crimes Compliance, preferably in Global Transaction Banking, Corporate Cash Management and/or Payments business of an international financial services organization
• Understanding of AML and terrorist financing trends and typologies
• Experience of building/maintaining AML Transaction Monitoring Program for Corporate Banking, Payments business
• Knowledge of and experience with the latest AML transaction monitoring technology tools and trends
• Experience of working on AML Transaction Monitoring product implementations, such as Actimize and Mantas; preferably modern transaction monitoring systems leveraging machine learning algorithms for detection
• Proficiency in Excel (pivots, VLookups) and other data query/analytics/visualization tools
• Ability to communicate AML requirements for consumption by Engineering teams
• Ability to deal with data models and work on mapping data across platforms
• Excellent organization and project management skills – ability to execute and manage a project independently is extremely important
• Excellent written and verbal communication skills
• Ability to adapt to new changes and ne