Compliance, AML KYC Digitization, Associate/Vp

Goldman Sachs New York , NY 10007

Posted 3 months ago

MORE ABOUT THIS JOB

GLOBAL COMPLIANCE

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.

BUSINESS UNIT AND ROLE OVERVIEW

Financial Crime Compliance ("FCC") has primary responsibility for the execution of the firm's enterprise-wide Anti-Money Laundering ("AML"), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening, as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, market abuse, or other suspicious activity.

The Consumer and Investment Management Division ("CIMD") includes Private Wealth Management (PWM), Goldman Sachs Asset Management (GSAM) and our Consumer businesses (Marcus by Goldman Sachs). We provide asset management, wealth management and banking expertise to consumers and institutions around the world. CIMD partners with various teams across the firm to help individuals and institutions navigate changing markets and take control of their financial lives.

RESPONSIBILITIES AND QUALIFICATIONS

OPPORTUNITY

There is an opportunity to join a retail investment advisory team within Financial Crime Compliance and to contribute as a project manager and subject matter expert focusing on Know Your Customer ("KYC") workflows and systems. The role is open to start immediately.

The analyst/associate will assist in managing and developing compliance projects and technology initiatives for FCC. The analyst/associate will be responsible for developing operational road-maps, defining project scopes and outlining corresponding delivery milestones and drafting technology requirements in order to systematically build out KYC workflows and systems. The ideal candidate will have prior experience in KYC and/or at a retail investment adviser, the ability to collaborate with others, the ability to manage projects and processes, and the ability to multi-task. In this role, the analyst/associate will work closely with compliance, technology, and business personnel, and would be expected to quickly gain an understanding of the firm's businesses and the rules and regulations under which the firm operates.

Preferred Qualifications

  • 2-5 years of experience working in retail brokerage and/or registered investment advisers as it relates to KYC operations and regulations

  • Awareness of the Bank Secrecy Act, Investment Advisers Act and Investment Company Act

  • Understanding of the opportunities and challenges in digital onboarding, particularly as they relate to AML and Fraud

  • Knowledge of the current AML/KYC risk management technology/vendors

  • Excellent organization and project management skills

  • Excellent written and verbal communication skills

  • Ability to adapt to new changes and new challenges

  • Ability to prioritize work flows and ensure deadlines are met

  • Ability to communicate Compliance requirements for consumption by Technology

  • Ability to work independent and yet still be team-oriented

  • Proficiency in Excel (pivots, VLookups) and PowerPoint

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.


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Compliance, AML KYC Digitization, Associate/Vp

Goldman Sachs