Compliance, Financial Crime Compliance, Asset Management First Line Risk Divisional Representative, Vice President

Goldman Sachs•New York, NY

9d•$85,000 - $140,000•Onsite

About The Position

The Global Compliance division prevents, detects, and mitigates compliance, regulatory, and reputational risk across the firm. It operates as an independent control function and part of the firm’s second line of defense, assessing risk, monitoring compliance with laws and regulations, designing and implementing controls, policies, procedures, and training, conducting independent testing, investigating risks and breaches, and leading responses to regulatory examinations. The Financial Crime Compliance (FCC) team coordinates the firm's enterprise-wide anti-money laundering (AML), economic sanctions, and anti-bribery compliance efforts. FCC administers surveillances, due diligence, and investigative expertise to identify potential money laundering, terrorist financing, bribery, fraud, and other violations of law. The FCC First Line of Defense Risk team is responsible for driving enhanced accountability, governance, and financial crime risk ownership within core business activities. This role specifically focuses on managing and advising on financial crime compliance risks within the Asset Management business, shaping risk priorities, influencing senior stakeholders, and driving improvements to financial crime controls and processes.

Requirements

7+ years of Financial Crime Compliance experience.
Sound knowledge of US regulatory requirements as it relates to investment funds, global sanctions, and anti-bribery laws.
Sound understanding of Asset Management products, services, and clients, including related financial crime compliance risk.
Strong executive presence; capable of interacting with senior leaders.
Stakeholder management skills.
Excellent oral and written communication skills.
Willingness to adapt in a fast-paced work environment; strong sense of urgency.
Strong work ethic, driven, organized, and energetic.
Works well under pressure, effectively prioritizes, and is able to multi-task.

Nice To Haves

Possesses strong judgment, leadership presence, analytical depth, and organizational discipline, able to drive outcomes across multiple priorities.
Ability to build strong relationships and advise senior stakeholders.
Significant experience related to the application of AML, economic sanctions, regulatory compliance, and financial crime risk management to the investment management business is prerequisite.

Responsibilities

Acting as a trusted advisor and key point of contact for the Asset Management Business, appropriately identifying, assessing, and escalating risks to relevant stakeholders.
Drafting governance materials and presenting FCC risks to senior leadership and Funds Boards across Asset Management.
Advising on financial crime compliance risk for new products and transactions, including Asset Management businesses to be acquired by the firm.
Supporting the timely management of complex escalations to closure, including high risk and potentially suspicious activity presenting elevated AML, sanctions, regulatory, or reputational risk.
Working closely with internal stakeholders, including Sales, Compliance, and Legal, to assess the risk of potentially high risk and/or complex distribution scenarios and setting out core Financial Crime Compliance due diligence and contractual requirements.
Developing and implementing frameworks and controls to identify, assess, monitor, and manage distribution risk, including diligence of distribution structures to ensure intermediaries adhere to regulatory requirements and contractual obligations.
Supporting the negotiation of financial crime-related representations in legal agreements and contracts with Asset Management clients, counterparts, and intermediaries.
Managing relationships with service providers to whom financial crime controls are outsourced for the Asset Management business and coordinating their global oversight and related testing.
Developing and proposing recommendations to address identified issues/risks as well as areas and processes requiring optimization and improvement.
Working with global cross-divisional partners, including Technology, Operations, and Sales/Investment personnel.
Collaborating with FCC experts across KYC, Sanctions, Transaction Monitoring, and Anti-Bribery.