Compliance, FCC Legal Entity Onboarding, Associate

Goldman Sachs New York , NY 10007

Posted 2 months ago



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 ("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.



There is an opportunity to join the Consumer Financial Crime Compliance team to contribute as a subject matter expert on the development and implementation of the Anti-Money Laundering program for a new product within the Consumer space. The role is open to start immediately.

The analyst/associate will help develop a Know Your Customer ("KYC") program that ensures compliance with the Customer Due Diligence ("CDD") rule as it applies to legal entities and beneficial ownership. The analyst/associate will also be responsible for developing the risk rating system for legal entities and drafting technology requirements in order to systematically build out KYC workflows and systems.

The ideal candidate will have prior experience in KYC and Consumer Financial Products/Services such as retail, lending, and payments. The candidate must have 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

  • Bachelor's Degree in a related field is required

  • 3-5 years of experience working in Consumer Financial Products/Services and Financial Crime

  • Awareness of the Bank Secrecy Act and regulations as they relate to AML

  • 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

  • Ability to communicate Compliance requirements for consumption by Technology and other cross functional partners

  • Excellent organization and time 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 work independently and be team-oriented

  • Proficiency in Excel (pivots, VLookups) and PowerPoint


Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programs designed to improve multiple facets of your skills portfolio. Our in-house training program, 'Goldman Sachs University' offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.

We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.


ABOUT GOLDMAN SACHSAt 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:

The Goldman Sachs Group, Inc., 2020. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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Compliance, FCC Legal Entity Onboarding, Associate

Goldman Sachs