Goldman Sachs Bank AG
Salt Lake City · · Vice President
Goldman Sachs Bank AG, Salt Lake City, Utah, United States, 84193
Asset and Wealth Management- Private Wealth Management Operations- Vice President- Salt Lake CityLocation: Salt Lake City, Utah, United StatesOpportunity OverviewCORPORATE TITLE:
Vice PresidentOFFICE LOCATION(S):
Salt Lake CityJOB FUNCTION:
Client Onboarding & ConfigurationDIVISION:
Asset & Wealth ManagementOUR IMPACTThe Customer Identification Program (CIP) team partners with Private Wealth Management (PWM) teams and Compliance to ensure account documentation and client/entity information fully meet regulatory requirements, country-specific policies, and internal controls standards. Our team possesses a comprehensive knowledge of legal entity types and Anti-Money Laundering (AML) risks.YOUR IMPACTIf you are interested in using your client due diligence abilities, gaining knowledge about legal entity classifications, and staying updated on evolving regulations, we welcome you to consider applying for a role within our team. We are in search of a skilled individual to collaborate with our Private Wealth Management (PWM) teams to review, map, and refresh Anti-Money Laundering (AML)/Know Your Customer (KYC) data.How You Will Fulfill Your PotentialDisplay a strong ability to influence the Private Wealth Management (PWM) Business by serving as a liaison between Financial Crime Compliance (FCC), Internal Audit (IA), Engineering, and Private Wealth Management (PWM) teams.Produce and deliver metrics and management reports to senior leadership within the division.Lead and/or participate in strategic initiatives to uplift our processes and in business planning sessions to forecast resourcing needs.Stay informed about evolving regulatory guidelines and policies concerning Client Due Diligence (CDD), Know Your Customer (KYC), Customer Identification Program (CIP), and Anti-Money Laundering (AML), applying this knowledge to your daily tasks.Develop a strong business understanding, grasping the intricacies, impact, and time sensitivity of your role within the division, while maintaining compliance with CDD, KYC, CIP, and AML standards throughout your work.Verify and authenticate client information, legal entity agreements, and organization documents for new and existing clients, ensuring accuracy and completeness while assessing potential risks and discrepancies.Demonstrate the ability to constantly apply sound business judgment to prioritize requests, manage stakeholder expectations, and maintain a high level of accuracy under pressure.Collaborate with cross-functional teams to gather and exchange relevant risk assessment information, flags, and alerts, identifying potential anomalies.Implement process improvements to enhance the efficiency and effectiveness of flows and procedures.Participate in recurring audits of existing procedures, processes, and past book of work completed.Collaborate with legal and compliance teams to address related inquiries and requests.Basic QualificationsBachelor's degree required.At least 5 years of work experience in Business, Operations, Compliance or related field.Experience on Customer Identification Program (CIP), Client Due Diligence (CDD), Know Your Customer (KYC), and/or Anti-Money Laundering rules.Proven analytical skills, problem-solving ability, and a control mentality paired with meticulous attention to detail.Aptitude for building relationships and ability to communicate complex issues to a wide array of stakeholders with differing levels of product experience.Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities.Understanding of the importance of ethical conduct and maintaining confidentiality in dealing with client data.Flexible and able to work well under pressure, managing high volumes while collaborating with a global team.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings can be found here.Healthcare & Medical InsuranceWe offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.Financial Wellness & RetirementWe assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected.Health ServicesWe offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP).FitnessTo encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees, we typically reimburse fees paid for a fitness club membership or activity.Child Care & Family CareWe offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms.Benefits at Goldman SachsRead more about the full suite of class-leading benefits our firm has to offer.
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Vice PresidentOFFICE LOCATION(S):
Salt Lake CityJOB FUNCTION:
Client Onboarding & ConfigurationDIVISION:
Asset & Wealth ManagementOUR IMPACTThe Customer Identification Program (CIP) team partners with Private Wealth Management (PWM) teams and Compliance to ensure account documentation and client/entity information fully meet regulatory requirements, country-specific policies, and internal controls standards. Our team possesses a comprehensive knowledge of legal entity types and Anti-Money Laundering (AML) risks.YOUR IMPACTIf you are interested in using your client due diligence abilities, gaining knowledge about legal entity classifications, and staying updated on evolving regulations, we welcome you to consider applying for a role within our team. We are in search of a skilled individual to collaborate with our Private Wealth Management (PWM) teams to review, map, and refresh Anti-Money Laundering (AML)/Know Your Customer (KYC) data.How You Will Fulfill Your PotentialDisplay a strong ability to influence the Private Wealth Management (PWM) Business by serving as a liaison between Financial Crime Compliance (FCC), Internal Audit (IA), Engineering, and Private Wealth Management (PWM) teams.Produce and deliver metrics and management reports to senior leadership within the division.Lead and/or participate in strategic initiatives to uplift our processes and in business planning sessions to forecast resourcing needs.Stay informed about evolving regulatory guidelines and policies concerning Client Due Diligence (CDD), Know Your Customer (KYC), Customer Identification Program (CIP), and Anti-Money Laundering (AML), applying this knowledge to your daily tasks.Develop a strong business understanding, grasping the intricacies, impact, and time sensitivity of your role within the division, while maintaining compliance with CDD, KYC, CIP, and AML standards throughout your work.Verify and authenticate client information, legal entity agreements, and organization documents for new and existing clients, ensuring accuracy and completeness while assessing potential risks and discrepancies.Demonstrate the ability to constantly apply sound business judgment to prioritize requests, manage stakeholder expectations, and maintain a high level of accuracy under pressure.Collaborate with cross-functional teams to gather and exchange relevant risk assessment information, flags, and alerts, identifying potential anomalies.Implement process improvements to enhance the efficiency and effectiveness of flows and procedures.Participate in recurring audits of existing procedures, processes, and past book of work completed.Collaborate with legal and compliance teams to address related inquiries and requests.Basic QualificationsBachelor's degree required.At least 5 years of work experience in Business, Operations, Compliance or related field.Experience on Customer Identification Program (CIP), Client Due Diligence (CDD), Know Your Customer (KYC), and/or Anti-Money Laundering rules.Proven analytical skills, problem-solving ability, and a control mentality paired with meticulous attention to detail.Aptitude for building relationships and ability to communicate complex issues to a wide array of stakeholders with differing levels of product experience.Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities.Understanding of the importance of ethical conduct and maintaining confidentiality in dealing with client data.Flexible and able to work well under pressure, managing high volumes while collaborating with a global team.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings can be found here.Healthcare & Medical InsuranceWe offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.Financial Wellness & RetirementWe assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected.Health ServicesWe offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP).FitnessTo encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees, we typically reimburse fees paid for a fitness club membership or activity.Child Care & Family CareWe offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms.Benefits at Goldman SachsRead more about the full suite of class-leading benefits our firm has to offer.
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