Associate with Goldman Sachs & Co. LLC in New York, NY.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
RESPONSIBILITIES AND QUALIFICATIONS
Duties: Associate with Goldman Sachs & Co. LLC in New York, NY. Participate in planning and scoping of Anti-Money Laundering (AML) related audits: create and manage scope document, Risk Assessment Unit (RAU) documents and audit test plans; develop and maintain project plan, including creating a detailed schedule; allocate and track resource allocations to audit tasks; conduct walkthrough meetings with stakeholders to identify key risks and controls; analyze open audit findings, prior coverage, recent market events, operational events to assess impact on scope; document both in and out of scope areas for each audit; create and issue announcement memos; and oversee overall execution of AML audit projects. Analyze functional and technical system specifications, document system flows and highlight key controls: collect specification documents and analyze them for inherent risks; participate in design meetings with stakeholders and understand the design of controls implemented, as well as controls process and systems flows; and document process flow and system flow and annotate with prior coverage and identified risks and controls. Database querying and analysis of AML system data using Structured Query Language (SQL): apply understanding of the controls in place for data integrity and systemic calculations; use SQL to independently extract data and execute reconciliations to identify discrepancies; investigate root cause of any identified discrepancies; analyze SQL implemented in system to validate data completeness and accuracy; and design and develop complex SQL scripts to ensure data accuracy between the two systems upon execution. Evaluate system processes to determine if they comply with AML, Bank Secrecy Act (BSA) and Sanctions related regulations. Apply and develop understanding of the design and implementation of controls created to ensure adherence to various global regulatory schemes, including Customer Due Diligence (CDD), Due Diligence (EDD), Know Your Customer (KYC), Sectoral and Government Sanctions, trade surveillance (CFTC) related regulations, and market surveillance (SEC) related regulations.; Test the effectiveness of controls supporting AML surveillance systems, including Actimize and Mantas: develop test scripts consisting of break scenarios to ensure effectiveness of controls and system logic in place; execute the test scripts and compare expected results with system results to validate system logic implementation; re-perform system logic independently to compare it against system generated results and identify discrepancies; generate exception reports and alerts independently to compare it against system generated reports and alerts and identify discrepancies; validate configurations made in Actmize and Mantas while validating effectiveness of controls and assessing the design of controls; and validate enhancements made to systems like Actimize and Mantas by stakeholder as a result of audit findings. Test the effectiveness of controls supporting Office of Foreign Assets Control (OFAC) sanction screening of payment transactions: develop test scripts consisting of break scenarios to ensure effectiveness of controls and system logic in place; execute the test scripts and compare expected results with system results to validate system logic implementation; re-perform system logic independently to compare it against system generated results and identify discrepancies; and generate exception reports and alerts independently to compare it against system generated reports and alerts and identify discrepancies. Document the results of control testing, including the writing of audit findings: develop finding language and vet with internal stakeholders and senior management; post external stakeholders and analyze their management action plan for adequacy; document findings and action plans in internal systems; and follow up on findings through closure and validate risk mitigation actions taken by stakeholders.
Job Requirements: Bachelor's degree (U.S. or foreign equivalent) in Computer Science, Information Systems, or a closely related discipline. Three (3) years in the job offered or a related role. Must have experience with: knowledge of AML transaction monitoring and sanction screening systems, including at least one (1) of the following systems: MANTAS, Actimize or Bridger; programming knowledge in C++, Java or equivalent, coupled with extensive experience of software development life cycle management; and demonstrated ability to lead large scale projects end-to-end.