The Goldman Sachs Group, Inc

Transaction Banking, 1st Line Financial Crime Risk, Analyst/Associate

The Goldman Sachs Group, Inc • $80K — $110K *
Dallas, TX 75217In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree with 2+ years in financial crime risk advisory or compliance roles
  • Ability to produce professional reports and visual presentations for varied audiences
  • Creative collaboration skills to achieve risk objectives independently
  • Strong verbal and written communication, organizational, and interpersonal skills
  • Comfort in dynamic, multifaceted environments with adaptability
  • Balancing objective and subjective viewpoints in risk assessment
  • Effective multitasking and prioritization across multiple projects

Responsibilities

  • Provide financial crime risk advisory for prospective and existing clients
  • Assess complex client financial crime risk profiles and compliance controls
  • Conduct targeted due diligence on clients with high-risk profiles
  • Perform adverse media searches for business clients
  • Draft high-quality due diligence and risk assessment memos
  • Maintain current knowledge of regulatory expectations and industry trends
  • Engage with stakeholders to evaluate escalations and support risk outcomes

Benefits

  • Collaborative work environment with a focus on professional development
  • Opportunity to work closely with senior risk management team members
  • Dynamic and evolving risk management challenges
  • Engagement with cross-functional stakeholders, enhancing your network
  • Ownership over your work with a focus on high-quality deliverables
Full Job Description
Job Description

THE ROLE & TEAM

As part of TxB's global first line of defense risk team, you will be involved in supporting TxB's comprehensive risk management program with a focus on financial crime and other compliance related risks.

In this role, you will work closely with senior members of the TxB 1LoD financial crime risk team to provide advisory support on client selection, risk assessment and governance matters. The role involves assessing complex client financial crime risk profiles, including through targeted due diligence of clients' financial crime compliance control frameworks, and translating findings into clear risk-based recommendations for business and governance stakeholders. This is not a routine EDD/KYC processing role; it requires the ability to apply judgement, challenge constructively, and advise on nuanced financial crime risk considerations in a commercial banking context.

We are looking for an intellectually ambitious individual with excellent communication skills, who takes initiative and ownership of their work, enjoys working collaboratively in a dynamic and constantly evolving environment, and excels at producing high quality and timely deliverables with agency. If that's you, we would like to hear from you!

RESPONSIBILITIES
  • Provide financial crime risk advisory input on prospective and existing clients
  • Assess complex client financial crime risk profiles, including the design and effectiveness of clients' financial crime compliance controls, where relevant
  • Conduct targeted due diligence on clients with elevated or complex financial crime risk profiles (e.g. correspondent banking relationships), using findings to develop clear risk-based recommendations rather than producing routine EDD outputs
  • Perform, evaluate and assess adverse media searches on TxB clients
  • Draft high-quality due diligence and risk assessment memos that synthesize client information, control observations, stakeholder feedback and recommended risk positions for internal review and approval
  • Maintain knowledge of regulatory/compliance expectations, industry trends and emerging threats/risks
  • Engage with business, Legal, Compliance and other stakeholders to evaluate escalations, address open questions and support risk based outcomes
  • Execute transactional activity reviews against client expected activity
  • Update and maintain documentation for team processes and best practices
  • Establish trusted partnerships with peers, functional leads, and executive-level stakeholders across lines of defense

BASIC QUALIFICATIONS
  • Bachelor's Degree plus 2+ years of professional experience in applying financial crime risk judgement in an advisory, governance, client risk or compliance role, including the ability to assess complex fact patterns and communicate clear recommendations
  • Ability to create professional presentations and communications in written and visual formats such as detailed reports including data analysis and visualizations, policies/procedures, process flows, governance documents, committee minutes, and presentations using PowerPoint
  • Ability to be creative, collaborate widely and deliver on key risk objectives in a timely and self-directed manner
  • Strong presentation (written and verbal), organizational and interpersonal skills
  • Must be comfortable and adaptable in a dynamic and multi-faceted work environment
  • Ability to balance both objective and subjective viewpoints when assessing complex risks
  • Strong prioritization skills and ability to manage several projects/tasks simultaneously
  • Team oriented, energetic, self-directed, and self-motivated
  • Professional fluency in the English language

PREFERRED QUALIFICATIONS
  • 3+ years of experience in risk management, including prior experience in a financial crime advisory, client risk advisory, regulatory advisory or second-line/first-line risk advisory role
  • J.D. or master's degree in a related field
  • Experience drafting financial crime risk assessments, advisory memoranda, governance papers or client risk recommendations for senior stakeholder review
  • Prior Transaction Banking/Commercial Banking experience
  • Experience in payments/with payment rails
  • Experience conducting due diligence of correspondent banking relationships
  • Client-facing experience in a similar role

LOCATION: Dallas, TX

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

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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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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