Financial Crime Controls

Goldman Sachs; New York, Northern (NY, KY); Presencial; USD 180.000 - 240.000; Jornada completa

Descripción de la vacante

Goldman Sachs in New York seeks a seasoned Senior Associate to drive Financial Crime Compliance for the Asset Management business. You will influence governance, manage regulatory risk, and advise on complex transactions and new products.

You will collaborate with cross-functional teams (Sales, Compliance, Legal) to ensure robust controls, escalations, and risk mitigation across the firm’s first line of defense.

Formación

• 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.
• Understanding of Asset Management products, services and clients and related financial crime risk.
• Strong executive presence and ability to interact with senior leaders.
• Excellent oral and written communication skills.
• Willingness to adapt in a fast-paced work environment; strong sense of urgency.
• Ability to prioritize, stay organized and work under pressure.

Responsabilidades

• Act as trusted advisor and point of contact for the Asset Management Business, identifying and escalating risks.
• Draft governance materials and present FCC risks to senior leadership and Funds Boards.
• Advise on financial crime risk for new products and transactions within Asset Management.
• Support complex escalations to closure, including high risk and potentially suspicious activity.
• Collaborate with Sales, Compliance and Legal to assess distribution risk and regulatory requirements.
• Develop and implement frameworks to identify, monitor and manage distribution risk.
• Negotiate financial crime representations in contracts with Asset Management clients and intermediaries.
• Coordinate oversight and testing of outsourced FCC controls with service providers.

Conocimientos

Financial Crime Compliance

Regulatory compliance

Asset Management

Executive presence

Oral and written communication

Adaptability

Multi-tasking

Descripción del empleo

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 ("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 drivingenhanced 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 onmanaging andadvising 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;

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

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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

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