Compliance, Financial Crime Compliance, Monitoring and Quality (MAG), Associate

Global Compliance
Our division detects, prevents, 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. 

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 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 Monitoring and Assurance Group (MAG) performs monitoring and testing to evaluate the efficacy of the FCC program controls. The team conducts reviews over financial crime related controls to document compliance with regulatory standards and in accordance with the risk appetite of the Firm.

FCC MAG is seeking an associate to join our team and help assure the controls and processes mitigating financial crime risk at the firm are operating effectively. The ideal candidate would have proven experience identifying potential legal, regulatory, or reputational risk, with the discipline to constantly maintain such focus. We look for those who possess sound judgment, curiosity, and can adapt to a constantly changing landscape.

Primary Responsibilities:

Review financial crime controls, assuring firm standards are met, and all risks have been addressedCollaborate with stakeholders to gather information to conduct monitoring and quality reviews Document, analyze, and communicate detailed outcomes related to monitoring and assurance reviewsAnalyze large sets of data including both quantitative and qualitative to identify trends, issues, anomalies, etc.Identify, then communicate, observations and areas for uplift with key stakeholdersDraft detailed investigative reportsTrack and validate completion of corrective action plansCompile and report metricsAssist with the implementation of periodic reportingAssist with presentations to managementDrive forward projects pertaining to the Monitoring and Assurance Program

Basic Qualifications:

The role requires a degree (Bachelors/Masters/JD)Excellent risk analysis and research skills, and attention to detailStrong verbal and written communications skillsAbility to prioritize workflows and ensure deadlines are metAbility to learn new systems and processes quicklyAble to work independently, but still be team-orientedExperience with project management, multi-tasking and interacting with multiple stakeholders Experience with standard computer applications, including Microsoft Office and ExcelWillingness to adapt in a fast-paced work environment; strong sense of urgencyStrong work ethic

Preferred Qualifications:

3 to 5 years or related prior Audit, Monitoring, or Testing experienceFinancial Industry knowledge (Global Markets, Wealth Management, in particular)Financial Crime Compliance experience