The Goldman Sachs Group, Inc

Compliance-Richardson-Associate-Financial Crime Controls

The Goldman Sachs Group, Inc • $80K — $95K *
Richardson, TX 75080In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 3-5 years in an analytical role focused on Financial Crimes Compliance, especially in Global Transaction Banking.
  • Bachelor's degree in engineering or technology-related field.
  • Strong knowledge of AML and terrorist financing trends.
  • Experience with advanced AML transaction monitoring technologies, particularly those using machine learning.
  • Hands-on experience with tuning and validating ML models like XGBoost and Random Forest.
  • Proficient in SQL and capable of querying large datasets effectively.
  • Familiarity with data analytics tools like Data Lake, Data Bricks, and Tableau.

Responsibilities

  • Assist in the implementation and management of transaction monitoring models.
  • Capture and analyze business requirements and functional specifications.
  • Identify data sourcing and data requirements for AML Analytics development.
  • Integrate Machine Learning and AI into AML models.
  • Conduct validation planning and execute surveillance tests.
  • Draft detailed investigative and testing reports with findings and corrective actions.
  • Utilize statistical methods and machine learning algorithms to enhance surveillance efficiencies.

Benefits

  • Opportunities for professional growth and skill advancement in a rapidly evolving area of compliance.
  • Exposure to cross-divisional collaboration with technology, operations, and business personnel.
  • Involvement in cutting-edge projects incorporating AI and machine learning in compliance.
  • Immediate start date for the ideal candidate, allowing for quick integration into the team.
Full Job Description
Job Description

Business Unit and Role Overview

Financial Crime Compliance ("FCC") has primary responsibility for the execution of the firm's enterprise-wide Anti-Money Laundering ("AML"), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening, as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, market abuse, or other suspicious activity.

Opportunity

FCC is seeking an individual to join its FCC Data, Systems and Innovation team to assist in implementing and operating transaction monitoring surveillance models, model tuning and building AML Analytics across the firm's businesses. S/he will be working with cross-divisional partners, including technology, operations and business personnel through all aspects of strategic and tactical builds of a critical transaction monitoring program, including but not limited to the following:
  • Capturing, analyzing and documenting business requirements and functional specifications
  • Data sourcing, data analysis and identifying data requirements
  • Assist in development and implementation of AML Analytics
  • Assist in integration of Machine Learning and Artificial Intelligence ML/AI into AML Models
  • Data and surveillance validation planning and execution
  • Conduct investigative and Testing reviews of FCC's controls and related partnered controls
  • Draft detailed investigative and Testing reports, including opinions, findings and corrective action plans
  • Utilize and apply statistical measures, machine learning algorithms to track and improve efficiency of Anti-Money Laundering (AML) surveillances
  • Documentation of project artifacts for Compliance testing, Model Validation, regulatory and audit purposes


The successful candidate will have strong analytical skills, the ability to collaborate with others, manage workflows and multi-task. The team member is expected to quickly gain an understanding of the firm's global transaction banking businesses, and the rules and regulations under which the Bank operates.

The role is open to start immediately.

Basic Qualifications:
  • 3-5 years of prior experience in an analytical role in Financial Crimes Compliance, preferably in Global Transaction Banking, Corporate Cash Management and/or Payment's business
  • Bachelor's degree in engineering/technology with relevant work experience
  • Understanding of AML and terrorist financing trends and typologies
  • Knowledge of and experience with the latest AML transaction monitoring technology
  • Experience of working on AML Transaction Monitoring product implementations, such as Actimize and Mantas; preferably modern transaction monitoring systems leveraging machine learning algorithms for detection
  • Hands-on experience developing, tuning, and validating ML models (e.g., XGBoost, Random Forest, Clustering)
  • Strong knowledge of databases, SQL scripts and querying large data sets
  • Experience with Data Lake, Data Bricks, Tableau, Excel and/or other data analytics/visualization tools
  • Ability to deal with data models and work on mapping data across platforms
  • Excellent organization and project management skills - ability to execute and manage a project independently
  • Excellent written and verbal communication skills, ability to adapt to new changes and new challenges

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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