Associate - 6632455

Job Description

Job Duties: Associate with Goldman Sachs & Co. LLC in Salt Lake City, Utah. Utilize various transaction monitoring systems to monitor and surveil transactions globally that may be probative of money laundering, terrorist financing, fraud, and other forms of misconduct. The Transaction Surveillance Group (TSG) concentrates its reviews on asset transfers including, but not limited to wires, checks, electronic transactions, and security movements. Suspicious activity is reported to respective jurisdictions depending on a variety of factors. From a U.S. perspective, Goldman Sachs files a Suspicious Activity Report ("SAR") via the U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN"). Compile, analyze and summarize financial and economic data and other information related to companies within specified industries or financial markets. Perform in-depth investigations of potentially suspicious activity happening with client accounts. Complete daily monitoring of account activity, as well as conducting high-level investigations of potentially suspicious activity. Conduct due diligence, including public domain and open-source searches for negative information. Train new team members on identifying risk, drafting reports, presenting relevant facts and data to key stakeholders and senior managers. Draft investigative reports to document the reviews conducted surrounding potentially suspicious activity. Review daily surveillance of brokerage accounts for anomalous high-risk activity and perform in-depth investigations of potentially suspicious activity. Such investigations may require reviewing historical transactional activity and interaction with other compliance representatives, as well as the business and reviewing public records for negative information. Present risk-relevant data to appropriate stakeholders including senior managers.

Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Finance, Accounting, International Studies, Legal Studies, Business Analytics, or a related analytical field. Two (2) years of experience in the job offered or in a related role. Two (2) years of prior experience must include: performing due diligence including public domain and open-source searches; making risk assessments; gathering complex sets of transaction facts and quickly distilling them down to the key relevant data points necessary to provide compliance guidance; synthesizing complex fact patterns in an organized written manner that is both clear and concise; verbally presenting complex fact patterns in a clear and concise way that is customized to a particular audience including senior management; utilizing technical processing systems including Excel; working with and soliciting relevant information from business-side personnel; and working with anti-money laundering regulations, including the relevant provisions of the Bank Secrecy Act and the USA Patriot Act.

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