Transaction Banking and Other-Bengaluru-Associate-Risk Governance

TRANSACTION BANKING

We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments. Simplifying payments, making it just as easy to pay someone across the globe as it is to pay someone around the corner. We're a team of diverse experts helping our clients to build the future of their Treasury

RESPONSIBILITIES

We are seeking a highly motivated, intellectually curious and analytical Risk Associate to join the Client Expected Behaviour Function. The function is part of the First Line of Defence Risk team withing Transaction Banking (TxB).  

As part of TxB's global risk team, you will help support our 1st line of defence (1 LOD) transaction monitoring strategy and program. As part of this role you will be responsible for monitoring our activity and identify patterns that are outside our risk appetite.  You will work with Client Risk, Sales, Product and 2 LOD to address any flags and ensure the ongoing optimization of our monitoring capability. You will also provide insights as part of ongoing client reviews. 

Key Responsibilities:

• Conduct thorough reviews of client transactions to identify non-expected activity 
• Investigate alerts, escalating items for further review and reporting as necessary.
• Analyze complex financial transactions, utilizing knowledge of various payment message formats, (e.g. SWIFT, ISO 20022), to ensure accurate interpretation of payment data.
• Analyse and visualize complex datasets and communicate to a wide variety of audiences
• Collaborate with internal stakeholders, including the Client Risk team, Compliance, Legal, and Sales teams, to support ongoing client activity review processes and as required drive behavioural changes 
• Support the design, build and operationalization of tooling to support the function
• Collaborate with product and engineering to improve quality of available data
• Contribute to the continuous enhancement of monitoring processes, policies, and procedures, identifying gaps and recommending improvements to strengthen the team's operating model.
• Maintain accurate and organized records of all reviews, ensuring a complete audit trail.

Qualifications and Skills:

• 3+ years of relevant professional experience in AML, transaction monitoring, or similar financial crimes compliance role, with focus on transaction monitoring of client activity
• Demonstrated knowledge of key payment message formats, including SWIFT MT and ISO e.g., pacs, camt, pain messages), and their implications for transaction reviews
• Exceptional analytical skills with the ability to interpret complex data, identify patterns, and anomalies 
• Working knowledge of banking products, corresponding banking relationships, transaction analysis
• Familiarity with transaction monitoring systems and proficiency in data analysis tools and software
• Must be independent and comfortable in a fast paced and often multi-directional work environment
• Ability to build frameworks and procedures
• Team oriented; strong interpersonal, communication and presentation skills 
• Excellent organizational, time management and planning skills

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. Learn more about our culture, benefits, and people at  

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: 

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.