The Goldman Sachs Group, Inc

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

The Goldman Sachs Group, Inc • $85K — $140K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • 3 to 5 years of experience in Financial Crime Compliance.
  • Knowledgeable in US BSA/AML regulations, economic sanctions, and anti-bribery compliance.
  • Strong verbal and written communication skills.
  • Organizational skills and ability to work under pressure.
  • Analytical skills to identify and distill relevant information quickly.
  • Proficiency in Microsoft Excel, PowerPoint, and Word.

Responsibilities

  • Coordinate with stakeholders to advise business lines on financial crime compliance risks.
  • Address ad hoc escalations assessing AML risks from business lines and Legal.
  • Conduct due diligence on high-risk relationships to identify potential risks.
  • Produce governance materials for the Funds' Boards, including metrics and regulatory updates.
  • Support new business activities and enhance FCC's risk management framework.

Benefits

  • Comprehensive benefits package for full-time employees including health and wellness offerings.
  • Opportunities for professional development and training.
  • Commitment to diversity and inclusion initiatives.
  • Access to firmwide networks and programs promoting personal growth.
  • Wellness and personal finance offerings.
Full Job Description
Job Description

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.

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, support for new business activities, and focused client engagement with the business. This role is focused on managing and advising on financial crime compliance risks across the Asset Management business, shaping risk management priorities, influencing senior stakeholders, and driving enhancements to financial crime controls and processes. Accordingly, the role involves several key responsibilities:
  • Acting as trusted advisor and key point of contact for the Asset Management Business, appropriately identifying, assessing and escalating risks to relevant stakeholders
  • Draft governance materials and present 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 but not limited to, high risk and potentially suspicious activity presenting elevated AML, sanctions, regulatory or reputational risk.
  • Work closely with internal stakeholders, including Sales, Compliance and Legal and to assess risk of potentially high risk and/or complex distribution scenarios and set out core Financial Crime Compliance due diligence and contractual requirements
  • Develop and implement 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
  • Support with negotiation of financial crime-related representation in legal agreements and contracts with Asset Management clients, counterparts and intermediaries
  • Manage relationships with service providers to which financial crime controls are outsourced for the Asset Management business and coordinate their global oversight and related testing
  • Develop and propose recommendations to address identified issues/risks as well as areas and processes requiring optimization and improvement
  • Work with global cross-divisional partners, including Technology, Operations and Sales/Investment personnel
  • Collaborate with FCC experts across KYC, Sanctions, Transaction Monitoring and Anti-Bribery


The ideal candidate possesses strong judgment, leadership presence, analytical depth and organizational discipline, able to drive outcomes across multiple priorities. They will also have the 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.

Basic Qualifications
  • 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


Salary Range
The expected base salary for this New York, New York, United States-based position is $85000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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