Goldman Sachs is Hiring a Compliance, FCC - Monitoring and Assurance Group, Associate Near New York, NY
Job DescriptionGlobal 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 ComplianceFinancial 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)