The Goldman Sachs Group, Inc

Financial Crime Compliance - Government Sanctions Group, Vice President, NY

The Goldman Sachs Group, Inc • $100K — $250K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree; JD/Master's preferred
  • Six years' sanctions-related experience in financial services or government
  • Strong attention to detail with aptitude for new systems
  • Excellent written and oral communication skills
  • Ability to manage multiple priority projects
  • Self-starter ensuring projects completion
  • Team-oriented mindset

Responsibilities

  • Manage day-to-day regulatory reporting process for compliance
  • Liaise with divisions to investigate potential exposure to sanctions
  • Conduct complex assessments and investigations of sanctions matters
  • Ensure compliance with metrics and record-keeping requirements
  • Oversee technological enhancements of reporting controls
  • Advise on sanctions regulations related to key controls
  • Collaborate on financial crime risk matters for holistic recommendations

Benefits

  • Comprehensive training and development opportunities
  • Diversity and inclusion initiatives
  • Wellness and personal finance offerings
  • Mindfulness programs
  • Flexible work options and accommodations for special needs
Full Job Description
Job Description

Global Compliance

As part of Global Compliance, Financial Crime Compliance ("FCC") is responsible for coordinating the Firmwide anti-financial crime program. FCC designs, develops, implements and oversees a wide range of systems and controls designed to prevent and detect money laundering, terrorist financing, insider trading, government sanctions violations, bribery, and fraud and other misconduct (including insider threat monitoring). FCC ensures compliance with applicable anti-money laundering, anti-bribery, and government sanctions regulations globally.

About the Role:

The Government Sanctions Group ("GSG") within FCC is seeking a Vice President to manage team's regulatory reporting framework. GSG ensures the Firm's compliance with sanctions programs administered by the US Department of the Treasury's Office of Foreign Assets Control (OFAC), the UK's His Majesty's Treasury's Office of Financial Sanctions Implementation (OFSI), the European Union, and other relevant sanctions authorities globally.

The ideal candidate would have at least six years of previous sanctions advisory and regulatory reporting experience at a global financial institution, proven time management skills, a strong attention to detail, written and oral communication skills, investigative skills, and the ability to collaborate within a team. The Vice President will serve as a subject matter expert on government sanctions regulations, and manage the day-to-day oversight of the team's regulatory reporting requirements.

Principal Responsibilities:
  • Manage the team's day-to-day regulatory reporting process, ensuring prompt and accurate execution and submissions
  • Working under the supervision of sanctions management, liaise with business, operations, and technology divisions to investigate potential exposure to sanctioned entities
  • Undertake complex assessments and investigations of sanctions matters, including escalations concerning OFAC regulations, and provide oversight over the preparation and submission of regulatory reports
  • Ensure metrics, deadlines, and record-keeping obligations established by sanctions management are met
  • Oversee technology-driven enhancements of sanctions regulatory reporting control framework with partner teams
  • Advise on sanctions regulations as they relate to the assessment of key controls within the broader sanctions compliance framework
  • Collaborate with stakeholders within Financial Crime Compliance on matters with various financial crime risks, e.g., money laundering, bribery, etc., in order to provide holistic recommendations to such mitigate risks

Basic Qualifications:
  • Bachelor's degree, JD/Masters degree preferred
  • Six years' sanctions-related experience in the financial services industry or relevant government agency with a focus on sanctions regulatory reporting
  • Strong attention to detail and aptitude for learning new systems and applications
  • Strong written and oral communication skills
  • Ability to handle multiple priority projects at once and deliver consistently high-quality results
  • Ability to be a self-starter and to ensure projects are followed through to completion
  • Team oriented


Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$250000. 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.

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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.

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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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