Compliance, Financial Crime Compliance, First Line Risk Divisional Representative, Associate

Goldman Sachs • New York, NY

8h

About The Position

Our division prevents, detects and mitigates compliance, regulatory and
reputational risk across the firm and helps to strengthen the firm’s culture of
compliance. Compliance accomplishes these through the firm’s enterprise-wide
compliance risk management program. As an independent control function and part
of the firm’s second line of defense, Compliance assesses the firm’s compliance,
regulatory and reputational risk; monitors for compliance with new or amended
laws, rules and regulations; designs and implements controls, policies,
procedures and training; conducts independent testing; investigates, surveils
and monitors for compliance risks and breaches; and leads the firm’s responses
to regulatory examinations, audits and inquiries. You'll be part of a team with
members from a wide range of academic and professional backgrounds, such as law,
accounting, sales, and trading. We look for those who possess sound judgment,
curiosity, and are able to adapt to a changing regulatory landscape.

Financial Crime Compliance

Financial Crime Compliance ("FCC") coordinates Goldman Sachs' enterprise-wide
anti-money laundering (AML), economic sanctions and anti-bribery compliance
efforts. The combined FCC team, which is composed of professionals with
extensive law enforcement, regulatory, legal, compliance, forensic consulting,
operations and business experience, administers an array of surveillances, due
diligence, investigative expertise and other control processes designed to
identify potential money laundering, terrorist financing, bribery, fraud and
other violations of law.

Job Summary & Responsibilities

The FCC First Line of Defense Risk team is responsible for driving
enhanced
accountability, governance, and financial crime risk ownership in core business
activities across the First Line. Critical elements of this accountability
include robust oversight and governance, effective risk management, supporting
new business activities and focused client engagement with the business.
Specifically, this role is focused on managing and advising on financial crime
compliance risks across the Asset Management business, as well as being a
critical contributor to enhancing FCC’s risk management framework.

Accordingly, the role involves several key responsibilities:

1. Coordinate with various stakeholders to serve in an advisory function to
business lines, facilitating new business & socializing program
enhancements.
2. Field and address ad hoc escalations from business lines, Legal & Compliance
to assess client related AML risks, including but not limited to, high risk
and potentially suspicious activity.
3. Conduct enhanced due diligence on high-risk relationships to identify
potential legal, regulatory or reputational risk.
4. Facilitate in producing governance materials for the Funds’ Boards,
including metrics and relevant regulatory updates.

The ideal candidate possesses strong analytical and organizational skills, good
written and verbal communication, as well as an ability to learn quickly, and
readily understand AML concepts and issues relevant to the Asset Management
division.

Experience related to AML, KYC, economic sanctions, regulatory compliance in the
Asset Management and/or Investment Banking industry is preferred.

Requirements

• 3 to 5 years Financial Crime Compliance experience.
• Knowledgeable of US BSA/AML, economic sanctions, anti-bribery compliance.
• Strong oral and written communication skills.
• Driven, organized, and energetic.
• Analytical; capable of identifying and distilling relevant information quickly.
• Works well under pressure, effectively prioritizes and able to multi-task.
• Works cooperatively and courteously with others.
• Strong executive presence; capable of interacting with senior leaders.
• Proficiency in Microsoft Excel (pivot tables, VLookups), PowerPoint, Word.

Nice To Haves

• Experience related to AML, KYC, economic sanctions, regulatory compliance in the Asset Management and/or Investment Banking industry is preferred.

Responsibilities

• Coordinate with various stakeholders to serve in an advisory function to business lines, facilitating new business & socializing program enhancements.
• Field and address ad hoc escalations from business lines, Legal & Compliance to assess client related AML risks, including but not limited to, high risk and potentially suspicious activity.
• Conduct enhanced due diligence on high-risk relationships to identify potential legal, regulatory or reputational risk.
• Facilitate in producing governance materials for the Funds’ Boards, including metrics and relevant regulatory updates.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees