Asset & Wealth Management Operations - Data Governance & Stewardship - Associate - Bengaluru

YOUR IMPACT

Are you looking to apply your analytical skills while deepening your understanding of the Private Wealth Management (PWM) business? Our CIP QA Team is seeking a professional who is looking to help safeguard the firm by completing detailed client data quality reviews, partnering with Compliance, working with the Client Implementation and Maintenance Team to ensure that all regulatory and internal protocols are followed for our clients.

OUR IMPACT

Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.

QA is a highly regulated team that focuses on account document, data integrity, risk management and regulatory requirements. QA works closely with PWM teams, PWM Compliance, PWM Legal, and other Operations groups to ensure that our data is accurate and that we are meeting all regulatory obligations.

In this role you will be responsible to conduct Quality Assurance(QA) check on end to end KYC reviews for different types of entities across ASIA, EMEA & US. You will also work extensively with FCC and Operations teams to maintain the quality if the highest standards.

Responsibilities:

Conducting QA check on completed new and existing different types of client KYC files (such as, Individuals, Joints, private Investment Vehicle, Special Purpose Vehicle, Private/Mutual Funds. Trust, Insurance Company, Private/Public Operating Company, etc.,) as per established quality framework and meet the required agreed SLAs.

Responsible for verification of Client data, End to end understanding of KYC operations from documentary and non-documentary verification as per the CIP policy, nature of business, SOW/SOF, PEP Analysis, Bearer share analysis, World check name screening analysis.

Review ownership unwrapping/drilldown (Ultimate Beneficial owner) and other related parties such as, directors, Auth. Signatories/Traders, Corporate officers, etc. according to the policy requirements

Review and highlight Policy & Procedural requirements if there is any defect

Maintain awareness of Regulatory/FCC policy updates and incorporate the process and procedural changes in the KYC review process

Complete the QA reviews in a timely manner by maintain the highest quality standards

Resolve issues through coordination with the PWM CIM Operations, Compliance, and PWM Management.

Primary Contact for expertise on policy and procedures

Manage and lead discussion on exceptional cases

Assist in preparing Management Information System (MIS) reports/PPT decks to senior management

Excellent stakeholder engagement skills

Develop strategic automated solutions to manual processes.

Make recommendations on process improvements to increase efficiency and accuracy

Framing Procedures & Checklists for the existing/new process

Conducting Training to operations team, coaching the junior team members and providing guidance in exception handling

Requirements:

4 or more years of relevant work experience in KYC/AML/CDD - QA/QC/Client Onboarding/Periodic review in other banks/ KPO’s.

Strong Analytical, Problem-solving, Decision-making skills, Attention to detail and Risk focused mind set

Overall understanding of the client lifecycle process and various types of account structures

Ability to independently review, analyze and identify the Errors/Discrepancies in the KYC/CDD files

Ability to interpret and excellent understanding of end-to-end KYC/CDD Policy, Procedure requirements & Terminologies.

Ability to effectively manage internal and external stakeholders

Absolute discretion when dealing with confidential matters

Ability to multi-task and prioritize accordingly

Team player with flexibility and adaptability to change

Knowledge of MS Office (Word, Excel, etc.)

Excellent interpersonal skills, both written and oral

Professional certifications such as CAMS, ICAI Certification on KYC/AML/Basic CDD/Advanced CDD would be an advantage.

Meticulous, couples with the ability to work under pressure and tight timelines

ABOUT GOLDMAN SACHS

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. 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. : https://www.goldmansachs.com/careers/footer/disability-statement.html

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview

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CORPORATE TITLEAssociate

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OFFICE LOCATION(S)Bengaluru

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JOB FUNCTIONData Governance & Stewardship

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DIVISIONAsset & Wealth Management