Client Onboarding & Configuration

Goldman Sachs Bank AG; India; On-site; INR 600,000 - 900,000; Full time

Job summary

Goldman Sachs in Bangalore seeks a Client Due Diligence professional to manage KYC/AML processes and ensure accurate client data for new accounts. You will perform AML checks and engage with clients and internal teams to resolve questions and maintain regulatory standards.

The role emphasizes meticulous attention to detail, risk awareness, and collaboration with onboarding, middle office, technology and compliance. Experience in onboarding and AML/KYC will help thrive in this dynamic environment.

Qualifications

• Demonstrated ability to meet deadlines and manage workload effectively in a fast-paced environment.
• Rigorous adherence to risk controls and regulatory requirements.
• Exceptional attention to accuracy and thoroughness in all tasks.
• Excellent written and verbal communication with colleagues at all levels.
• Energetic and able to multi-task and prioritise competing demands in a dynamic environment.
• Strong interpersonal skills for effective team collaboration.
• Proactive problem-solving with a mindset for process improvements.
• Willingness to continuously learn regulatory updates, AML and KYC standards.
• Basic understanding of financial markets and product concepts relevant to trading.

Responsibilities

• Manage Know Your Client (KYC) processes to ensure AML compliance.
• Conduct AML checks and promptly address queries from clients and internal teams.
• Identify and escalate potential risks and issues.
• Contribute to process improvement initiatives and onboarding projects.
• Collaborate with onboarding, middle office, technology, sales traders, and compliance teams.
• Support data maintenance and client configuration activities.

Skills

Time management

Risk & control focus

Attention to detail

Communication skills

Adaptability & multi-tasking

Teamwork & collaboration

Problem solving & innovation

Continuous learning

Market knowledge

Job description

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all areas of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. Alongside this vital service delivery role, Operations provides essential risk management and control, preserving and enhancing the firm’s assets and its reputation.

Operations span all product lines and markets, serving as internal business partners who develop the processes and controls, and help to specify the systems that deliver accuracy, timeliness and integrity to our business.

The New Client Onboarding team’s primary function is to partner with key stakeholders and onboard new clients with a focus on efficiency, control, and excellent client service.

BUSINESS UNIT OVERVIEW

Client Onboarding plays a crucial role in establishing and maintaining client relationships within the firm. This involves a comprehensive process that includes due diligence, documentation management, account opening, and client configuration. Specifically, the Client Onboarding team in Bangalore focuses on due diligence and the ongoing maintenance of client data, adhering to the compliance requirements of the Global Markets Division.

The team's primary responsibility is to ensure the accuracy of due diligence data for new accounts. This is achieved through direct communication with clients, peer banks, and internal business units. A key function of this role is to enhance the efficiency and accuracy of the account opening process and to configure clients for the firm's trading businesses across regions and products across the institutional and prime brokerage services businesses.

This position requires close collaboration with other Client Onboarding members, Middle Office teams, technology, sales traders, and compliance departments. Furthermore, the role involves interaction with clients and other operations counterparts, to facilitate smooth onboarding and data management.

JOB SUMMARY AND RESPONSBILITIES

The Client Due Diligence (CDD) team is responsible for managing the 'Know Your Client' (KYC) process, ensuring all clients meet Anti-Money Laundering (AML) requirements and adhering to relevant compliance policies, procedures, and regulatory obligations. This role involves conducting thorough AML checks, promptly addressing queries from clients, internal business units, and other departments, and identifying and escalating potential risks and issues. The CDD team also contributes to process improvement initiatives and participates in onboarding projects as needed.

BASIC QUALIFICATIONS

• Time Management and Delivery: Demonstrated ability to consistently meet deadlines and manage workload effectively in a fast-paced environment.
• Risk and Control Focus: Strict adherence to risk and control procedures, ensuring compliance with regulatory requirements and internal policies.
• Attention to Detail: Exceptional attention to detail, ensuring accuracy and thoroughness in all tasks.
• Communication Skills: Excellent written and oral communication skills, with the ability to interact confidently and professionally with employees at all levels.
• Adaptability and Multi-tasking: Energetic and capable of effectively multi-tasking and prioritizing competing demands in a dynamic environment.
• Teamwork and Collaboration: Strong interpersonal skills and the ability to work collaboratively in a team-oriented setting, fostering positive relationships and achieving common goals.
• Problem-Solving and Innovation: Forward-thinking with the ability to proactively identify challenges, propose innovative solutions, and drive improvements.
• Continuous Learning: Demonstrated willingness to continuously learn and stay updated on evolving regulatory requirements, including industry developments related to Anti-Money Laundering (AML) and Know Your Client (KYC).
• Market and Product Knowledge: Understanding of basics of financial markets and product concepts relevant to the firm's trading businesses, enabling effective KYC/AML analysis and risk assessment.

PREFFERED QUALIFICATIONS

• Experience:Prior experience in client onboarding, KYC/AML roles, or familiarity with relevant regulations is highly beneficial.
• Performance Under Pressure: Proven ability to work effectively and accurately under pressure in a high-volume environment, consistently meeting deadlines while maintaining a positive attitude.
• Adaptability: Demonstrated ability to adapt quickly to changing priorities, new challenges, and evolving regulatory requirements.
• Accuracy and Efficiency: A strong commitment to maintaining 100% accuracy while working efficiently to meet demanding targets.

About Goldman Sachs

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal

finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.

Learn more:https://www.goldmansachs.com/careers/footer/disability-statement.html

We 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.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We 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. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We 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). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To 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 (up to a pre-approved amount).

Child Care & Family Care

We 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. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.