Compliance -New York - Associate, Business Unit Compliance - 8331750

The Goldman Sachs Group; New York, Cary (NY, NC); On-site; USD 112,000 - 131,000; Full time

Job summary

A leading financial institution seeks an Associate for Business Unit Compliance in New York. This role involves developing and monitoring surveillance scenarios to detect misconduct, analyzing data trends, and collaborating with various departments to ensure compliance with financial regulations. Ideal candidates will have a strong background in Anti-Money Laundering and relevant financial services experience.

Qualifications

• 1 year experience with Master's or 2 years with Bachelor's in Financial Crime role.
• Experience in Anti-Money Laundering and Consumer Financial Products.

Responsibilities

• Develop and monitor surveillance scenarios for misconduct detection.
• Coordinate technology requirements and assist in data ingestion.

Skills

Anti-Money Laundering

Data Visualization

SQL

Python

Education

Master's degree in Finance

Bachelor's degree in Finance

Tools

Tableau

PowerBI

QlikView

Job description

Job Duties: Associate, Business Unit Compliance with Goldman Sachs & Co. LLC in New York, New York. Associate, Business Unit Compliance will be responsible for the development, implementation, and monitoring of surveillance scenarios designed to identify potential money laundering, terrorist financing, fraud, insider trading, certain forms of market manipulation and other forms of misconduct. Assist with the development of Compliance projects and initiatives and perform data analysis, liaise with Compliance and other business groups to determine system and surveillance requirements, and draft technology specifications. Work closely with Compliance, Operations, Engineering, and other business personnel to gain an understanding of the various business lines within GS Bank and the rules and regulations related to money laundering included in the Bank Secrecy Act and the US Patriot Act. Identify trends and new typologies in underlying transactional data and advise on modeling methodologies to detect potential suspicious activity. Responsible for the maintenance and development of transaction monitoring rules, threshold setting, BTL (Below the Line) testing, ABL (Above the Line) testing, customer segmentation, model calibrations, development and execution of UAT (User Acceptance Testing) across various product lines. Coordinate the drafting of technology requirements and utilize the Extract, Transform, and Load (ETL) process for data ingestion, alert generation & triage and integration with other processes/solutions, and will assist in data ingestion, mapping, and maintenance of the data associated with new and existing products. Supporting Compliance personnel by capturing, analyzing, and documenting requirements and process flows, including drafting specification and business requirement documents as well as proposing and developing process improvements to address identified issues, risks or efficiency gains.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Finance, Business Analytics, Computer Engineering or a related field; or Bachelor's degree (U.S. or foreign equivalent) in Finance, Business Analytics, Computer Engineering or a related field. One (1) year of experience with a Master's degree in the job offered or in a related Consumer Financial Products/Services and Financial Crime role; or Two (2) years of experience with a Bachelor's degree in the job offered or in a related Consumer Financial Products/Services and Financial Crime role. Prior experience must include one (1) year of experience with a Master's degree or two (2) years of experience with a Bachelor's degree with the following: experience in Anti-Money Laundering, covering all aspects of the program including, but not limited to, Transaction Monitoring; experience in Consumer Financial Products/Services such as retail, lending, and payments; analyze transactional activity to identify trends and patterns related to suspicious activity; prior knowledge of AML risks and red flags in order to identity emerging risks and trends, and in tuning Financial Crimes Compliance surveillances and models; Data Visualization tools such as Tableau, PowerBI, and QlikView to present data findings and KPIs in the form of dashboards; utilizing data structures and query languages such as SQL or Python; and knowledge of AML (Anti-Money Laundering) case management tools.

Salary Range: Annual base salary for this New York, New York -based position is $112,000 - $131,000.

The Goldman Sachs Group, Inc., 2025. All rights reserved. Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran status, disability, or any other characteristic protected by applicable law.