Compliance, FCC - Monitoring and Assurance Group, Associate

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, securities fraud and other violations of law. The MAG provides risk-driven monitoring and assurance capabilities focused on the efficacy of the FCC program controls.

MAG is seeking an Associate with experience within the financial services industry, including experience with Anti-Money Laundering (AML), terrorism financing, sanctions screening, know your customer, and anti-bribery and/or anti-fraud experience in the financial services industry. The ideal candidate will also have experience in project management (including collaborating with others) and conducting investigations (including drafting investigative summaries and communication).

Principal Responsibilities:

• Review financial crime controls, assuring firm standards are met, and all risks have been addressed
• Collaborate with stakeholders to gather information to conduct monitoring and assurance reviews 
• Document, analyze, and communicate detailed outcomes related to monitoring and assurance reviews
• Identify, then communicate, observations and areas for uplift with key stakeholders
• Draft detailed investigative reports
• Track and validate completion of corrective action plans
• Compile and report metrics
• Assist with the implementation of periodic reporting
• Assist with presentations to management

Basic Qualifications:

• The role requires a degree (Bachelors/Masters/JD)
• Good data analysis, risk analysis and research skills, and attention to detail
• Strong verbal and written communications skills
• Ability to prioritize workflows and ensure deadlines are met
• Ability to learn new systems and processes quickly
• Able to work independently, but still be team-oriented
• Experience with project management, multi-tasking and interacting with multiple stakeholders 
• Experience with standard computer applications, including Microsoft Office and Excel
• Willingness to adapt in a fast-paced work environment; strong sense of urgency
• Strong work ethic

Preferred Qualifications:

• Prior Audit, Monitoring, or Testing experience
• Financial Industry knowledge (Global Markets, Wealth Management, in particular)
• Financial Crime Compliance experience
• Data Analytics skills
   

About Goldman Sachs   At 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 GS.com/careers. 
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