Compliance, Financial Crime Compliance, Product Development, Analyst/Associate

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 the Consumer Financial Crime Compliance team to contribute as a project manager and subject matter expert on the development and implementation of Anti-Money Laundering programs for new products within the Consumer space. 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 workflows and systems.

The ideal candidate will have prior experience in AML, covering all aspects of the program including, but not limited to, Know Your Customer and Transaction Monitoring. The ideal candidate will also have experience in 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 new products and how they relate to AML

  • Knowledge of the current AML/KYC/TM 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 and other cross functional partners

  • Ability to work independently and be team-oriented

  • Proficiency in Excel (pivot tables, 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.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Team Leader Compliance Financial Intelligence Unit

Signature Bank

Posted 2 days ago

VIEW JOBS 11/15/2019 12:00:00 AM 2020-02-13T00:00 Team Leader - Compliance Financial Intelligence Unit Signature Bank's is hiring a Team Lead for our Compliance - Financial Intelligence Department! The ideal candidate will be a detailed oriented, team player, who will assist senior management with leading a team of Compliance Analysts in Financial Intelligence responsibilities. Primary responsibilities include: * Assisting management with tasks including training and development of junior staff * Handles compliance related ad-hoc reviews including investigations, digital asset relationships and/or non-bank financial institutions * Takes ownership of all inquiries from business line units regarding bank policies and BSA rules * Assists management with the third party vendor relationship review process * Owns the Quality Assurance process for the Financial Intelligence Unit * Aids management in providing appropriate responses to the banks regulatory agencies * Collaborates with internal partners, including senior management, compliance and bank operations staff Qualifications: * Bachelor's degree (BA, BS, BBA, etc.) from four-year college or university and three to five years related experience; or equivalent combination of education and experience * Minimum of 5 years' experience in the Banking Compliance field and strong knowledge of BSA * Ability to lead a team through effective training and development * Experience in digital assets is required; knowledge of cryptocurrencies is strongly preferred * Proficiency in bank regulatory laws including, BSA, FFIEC, Federal and State rules to financial governance * Strong knowledge of SAR's, KYC and Enhanced Due Diligence "EDD" high risk reviews * ACAMS, CFCS and/or Blockchain certification are a plus Employee Benefits: * Competitive Salary * Compensation BONUS program * Opportunity for career advancement * Excellent health benefits with award winning wellness program * Tuition and gym reimbursement * 401K with company match * Pet Insurance Signature Bank has appeared on Forbes' Best Banks in America list for the eighth consecutive year in 2018. Signature Bank, member FDIC, is a New York-based full-service commercial bank with private client offices throughout the New York metropolitan area. The Bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation and franchise financing. Investment, brokerage, asset management and insurance products and services are offered through the Bank's subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC. Signet, the Bank's digital payments We are an Equal Opportunity Employer We do not sponsor work visas Signature Bank New York NY

Compliance, Financial Crime Compliance, Product Development, Analyst/Associate

Goldman Sachs