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
Consumer Financial Crime Compliance (CFCC) is a team within Financial Crime Compliance with primary responsibility for the development and execution of the firm's consumer Anti-Money Laundering (AML), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and investigations designed to identify potential terrorist financing, money laundering, and other suspicious activity.
RESPONSIBILITIES AND QUALIFICATIONS HOW YOU WILL FULFILL YOUR POTENTIAL
The CFCC team is seeking an experienced professional with relevant skills and experience to support the firm's compliance program as it continues to grow in the online retail banking space. The role will encompass a range of responsibilities, from investigative work to advising product development on compliance with AML regulations, and assisting in strategizing and project managing the continued enhancement of the AML program.
Responsibilities will include:
identifying suspicious activity, fraud and AML operational risk issues
Completing due diligence and investigative reports
Working with technology to develop products in compliance with AML regulations
Enhancing efficiency and effectiveness of AML processes
To achieve this, the relevant candidate will be required to:
Utilise a variety of internal and external systems and databases in order to complete investigations
Liaise with the Fraud department to continually enhance existing processes and to assist on investigative work
Present a summary and proposed conclusion to management in a timely and clear manner, including proposals to implement appropriate steps to mitigate risk and/or monitor it
Report suspicious activity to regulators
SKILLS AND EXPERIENCE WE ARE LOOKING FOR
Clear and practical understanding of regulations relating to AML, KYC and suspicious activity reporting
Good knowledge of consumer and retail banking industry guidance in relation to AML
Good knowledge of fraud trends and patterns in online banking
Previous experience working in Fintech or some technology background or knowledge
Strong analytical and data management skills
Ability to adapt to new changes and new challenges
Ability to prioritize work flows and ensure deadlines are met
Ability to work independently and yet still be team-oriented
Proactive, self-motivated, detailed oriented and well-organized
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.