Operations - IMD Operations - PWM Client Due Diligence - Associate - Salt Lake City

  • Competitive
  • Salt Lake City, UT, USA
  • Permanent, Full time
  • Goldman Sachs USA
  • 16 Aug 17

Operations - IMD Operations - PWM Client Due Diligence - Associate - Salt Lake City

Are you interested in being the first line of defense against money laundering? Our Client Due Diligence team is looking for a professional to play a key role in safeguarding the Firm's reputation. By verifying the identity of our high-net-worth individuals and families our team helps prevent identity theft, financial fraud, money laundering and terrorist financing.

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

Client Due Diligence maintains a responsibility with an ever increasing level of attention and impact to the Private Wealth Business. You will obtain a comprehensive knowledge of our business and the risks that it faces. This Anti-Money Laundering function forms an integral part of our business by working to identify solutions that balance the business, client and regulatory needs



  • Demonstrate the ability to constantly apply sound business judgment in order to identify unusual or suspicious documentation or activity.
  • Develop a profound understanding of Client Identification Program (CIP) policies involving country specific requirements and translate this knowledge to day-to-day responsibilities.
  • Satisfy the responsibility for completing detailed reviews of documentation for new and existing clients, including legal agreements and organizational documents.
  • Engage in opportunities to review processes, analyze information, make decisions and recommendations and implement and monitor procedures.
  • Becoming commercially aware and understand the nature of the business you are involved in while at the same time ensuring all Goldman Sachs CIP standards are constantly being met.
Displaying a strong ability to influence the PWM Business by serving as a liaison between Anti-Money Laundering Compliance and Sales teams.

  • Bachelor's degree required
  • At least 2 years of work experience in Operations or related field
  • At least 2 years of work experience in Finance or related field
  • Proficiency using the Microsoft Office Suite in particular Excel, PowerPoint and Microsoft Word
  • Candidate must be proactive, enthusiastic and team oriented
  • Ability to prioritize and make decisions in a fast-paced environment
  • Accuracy and attention to detail and strong organizational skills
  • Strong written and verbal communication skills
  • Strong analytical skills
  • Good understanding of the financial industry
  • In-depth knowledge of legal documentation preferred (e.g., trust agreements, partnership agreements and corporate resolutions)
  • Paralegal experience a plus, but not required
  • Compliance and/or regulatory experience a plus, not required
  • Series 7 and/or 63 a plus, not required

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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