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

Goldman Sachs Bank AG; New York (NY); On-site; USD 112,000 - 131,000; Full time

Job summary

A leading financial institution in New York is seeking an Associate for Business Unit Compliance. This role involves developing and implementing compliance projects, performing data analysis, and ensuring adherence to regulations. The ideal candidate will have a Master's or Bachelor's degree in relevant fields and experience in Anti-Money Laundering. Proficiency in data visualization and query languages is essential.

Qualifications

• 1 year experience with Master's or 2 years with Bachelor's in related roles.
• Experience in Anti-Money Laundering and Transaction Monitoring.

Responsibilities

• Develop and monitor surveillance scenarios for compliance.
• Coordinate drafting of technology requirements and support compliance personnel.

Skills

Data Analysis

Problem Solving

Communication

Education

Master's degree in Finance

Bachelor's degree in Finance

Tools

Tableau

PowerBI

QlikView

SQL

Python

Job description

Compliance - New York - Associate, Business Unit Compliance

Location: New York, New York, United States

Job Duties

Associate, Business Unit Compliance with Goldman Sachs & Co. LLC in New York, New York, will be responsible for developing, implementing, and monitoring surveillance scenarios to identify potential money laundering, terrorist financing, fraud, insider trading, market manipulation, and other misconduct. Responsibilities include developing compliance projects, performing data analysis, liaising with compliance and business groups to determine system requirements, and drafting technical specifications.

Work closely with Compliance, Operations, Engineering, and other business units to understand various business lines and relevant regulations such as the Bank Secrecy Act and US Patriot Act. Identify trends and new typologies in transactional data, advise on modeling methodologies, and maintain transaction monitoring rules, thresholds, testing, and customer segmentation. Coordinate the drafting of technology requirements, utilize ETL processes for data management, and support compliance personnel with requirements analysis and process improvements.

Job Requirements

• Master's degree (U.S. or foreign equivalent) in Finance, Business Analytics, Computer Engineering, or a related field, or Bachelor's degree in the same fields.
• One (1) year of experience with a Master's degree or two (2) years with a Bachelor's degree in related roles, including experience in Anti-Money Laundering, Transaction Monitoring, and Consumer Financial Products/Services.
• Experience analyzing transactional activity for suspicious patterns, knowledge of AML risks and red flags, and tuning surveillance models.
• Proficiency with data visualization tools (Tableau, PowerBI, QlikView), query languages (SQL, Python), and AML case management tools.

Salary Range: $112,000 - $131,000 annually.