Compliance, Financial Crime Compliance, KYC-EDD, Associate, Richardson, TX

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. 

Goldman Sachs Bank USA (the “Bank”) is a New York State-chartered bank and a member of the Federal Reserve System.  All of the firm’s revenue divisions conduct business in the Bank.  Bank activities include the acceptance of client, customer and brokered deposits; the origination of bank loans and mortgage loans; entering into interest rate, credit, currency, and other derivatives; and agency lending.  The Bank facilitates client transactions and makes markets in fixed income products.

OPPORTUNITY

FCC is seeking an individual to join its FCC Specialized Due Diligence Program (SDDP) team to assist in FCC due diligence, periodic reviews, quality assurance reviews, client activity reviews and KYC refresh for significant client and partnership opportunities. The SDDP team deals with client with inherent risks associate with their business model, including risk associated with the activity that is supported, industry supported and lack of direct relationship with the SDDP clients underlying clients. Some of these client types include Broker Dealers, Payment Service Providers (e.g. Banks, MSB etc.) and Investment Advisor etc. S/he will be working with cross-divisional partners, including technology, operations, and business personnel through all aspects of developing the requisite FCC controls and performing the necessary due diligence, including but not limited to the following principal responsibilities:

• Conduct enhanced due diligence reviews on client and partnership opportunities to identify potential legal, regulatory, or reputational risk
• Identify and communicate findings and areas for uplift with key stakeholders related to client review 
• Conduct and document detailed outcomes related to periodic monitoring and client KYC refresh 
• Reporting and tracking metrics for EDD client/partnership compliance stakeholders
• Processing QA reviews related to client selection matrix (CSM) and client activity review and ensuring all processes are monitored and followed based on procedural guideline 
• Communicating results of QA reviews (CSM and client activity reviews) and tracking of required remediation items to closure 

The successful candidate will have strong analytical skills, the ability to collaborate with others, manage workflows and multi-task.  The team member is expected to quickly gain an understanding of the firm’s growing global transaction banking businesses, and the rules and regulations under which the Bank operates.

Basic Qualifications

• 3+ years of prior experience in an analytical or technical role in Financial Crimes Compliance, preferably in Global Transaction Banking, Corporate Cash Management, and/or Payments business of an international financial services organization
• Ability to effectively engage and work with relevant internal and external stakeholders (including partners and clients) is critical
• Excellent organization and project management skills 
• Excellent written and verbal communication skills
• Ability to adapt to new changes and new challenges 

Preferred Qualifications

• Understanding of the opportunities and challenges in the digital finance sector, particularly as they relate to Financial Crime Compliance
• Bachelor’s