Senior Associate - Investment Banking Operations Client Onboarding

Global Banking & Markets Operations - IB Ops Client Onboarding - Sr. Associate - Bengaluru

GLOBAL BANKING & MARKETS - INVESTMENT BANKING

We pride ourselves in our resourcefulness and work on a variety of initiatives. On any given day, our work could include advising a company on a cross-border merger, structuring the initial public offering of a subsidiary, refinancing an outstanding bond and more.

As a division, our strategic objectives include:

• To be the world’s preeminent investment bank – trusted advisor, financier and risk manager for our clients on their most important transactions
• Build long-term relationships with clients and bring them world-class execution by “delivering the firm” over time
• Drive superior returns for our stakeholders
• Be the employer of choice for all career levels by providing a highly dynamic, meritocratic, diverse and rewarding workplace

OPERATIONS

Operations is a dynamic, multi-faceted function that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow. IBD Loan Servicing is a high-value support and risk management team in Operations that is responsible for life cycle events and cash movement on a large portfolio of Bank Loans (Par, Distressed and Trade Claims) across several revenue divisions. 

YOUR IMPACT 

We are looking for a highly motivated, detail oriented professional looking to apply their due diligence skills while also learning about the changing regulatory landscape. As part of our Investment Banking (“IB”) Client Onboarding team this individual will assist with conducting due diligence on clients, collect and review required documentation to align with expected policy standards, as well as helping with ad hoc initiatives. This position offers the opportunity to mitigate risks at the firm while collaborating with colleagues across the Investment Banking Business, Operations and Compliance.

OUR IMPACT 

The Client Onboarding team is a part of the first line of defense and is responsible for detection and escalation of potential AML / CTF risks by ensuring KYC information is adequately obtained and validated. The team enables business by ensuring that relevant KYC checks are completed in time and achieves success through close partnerships with other control functions (Compliance, Internal Audit), line teams, and Technology.

BUSINESS UNIT OVERVIEW

The Client OnBoarding (COB) team sits within Global Banking & Markets (Private) and facilitates the transition process of new clients to the Firm across a wide range of business areas and products. The Team’s primary function is to perform reviews to ensure compliance on all aspects of the on-boarding process, including Know Your Customer [KYC] & Regulatory policies. Through the course of our review process, we partner with key stakeholders (Compliance, Business, Legal) to onboard new clients with a focus on efficiency, control, and excellent client service.  

JOB SUMMARY AND RESPONSBILITIES

As a member of the IB COB Rolling Review team, you will gain an overall understanding of the client onboarding space while developing functional skills related to managing client relationships. You will work closely with teams across Operations, Compliance, Engineering and revenue groups. You will gain an understanding of the firm's businesses and the rules and regulations under which the firm operates.

• Ensure due diligence is performed on the Firm’s existing clients to comply with ‘Know Your Customer’ regulations 
• Develop expertise in the firm’s Anti-Money Laundering/Customer Identification Due Diligence policies 
• Communicate with stakeholders across the business, various Operations groups, and clients to obtain relevant documentary requirements in line with current policies 
• Undertake AML checks to ensure adherence to all Compliance policies, procedures and regulatory obligations 
• Support team manager in day-to-day oversight as well as strategic initiatives
• Interact with the Client Onboarding teams across other divisions, members of Compliance, Technology, and revenue groups on KYC / CIP matters
• Risk and issue identification and escalation
• Identify, define and enhance process efficiencies which will benefit Client Onboarding
• Participate in regular meetings with Management, Compliance and Quality Assurance to maintain strong relationships across the board
• Participate in and take ownership of ad hoc projects as required

BASIC QUALIFICATIONS

• Bachelor's degree required   
• Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail
• Aptitude for building relationships and ability to communicate complex issues to a wide array of internal clients with differing levels of product experience
• Self-motivated and proactive team player who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities 
• Flexible and able to work well under pressure in a team environment
• Ability to deliver as per deadlines
• Adhere to risk and controls
• Energetic and capable of multi-tasking in a fast-paced environment with extreme attention to detail
• Forward thinking with the ability to assert new ideas and follow them through / finds alternative solutions and identifies clear objectives.
• Willing to continuously learn and stay updated on the changing policy requirements including industry developments related to AML
• Strong communication skills 

PREFERRED QUALIFICATIONS 

• Prior experience in client onboarding process or KYC/AML and 
• Prudent in escalating potential risk to the Firm   
• Prior compliance (AML) experience
• Ability to adapt to change and new challenge

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

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Goldman Sachs is an equal employment/affirmative action employer.

Experience Level

Mid Level