Compliance, Financial Crime Controls- 1st Line Risk, Associate, Richardson TX

Compliance, Financial Crime Controls- 1st Line Risk, Associate, Richardson TXRichardson, Texas, United States

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, fraud and other violations of law.

Job Summary & Responsibilities

The FCC First Line of Defense Risk team is responsible for driving enhanced 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, supporting new business activities and focused client engagement with the business. Specifically, this role is focused on leading and driving FCC’s business governance series, as well as being a critical contributor to enhancing FCC’s risk management framework.

Accordingly, the role involves several key responsibilities: 1) Coordinating metrics and creating governance materials for senior management review of financial crime risks; (2) Appraising and articulating key financial crime risks across multiple lines of business; (3) Fielding and addressing ad hoc escalations from the First Line regarding high risk and potentially suspicious activity across a wide range of products and business lines; (4) Coordinating with divisional compliance, legal and the business on transactions / relationships.

The ideal candidate possesses strong analytical and organizational skills, good written and verbal communication, as well as an ability to learn quickly.

Experience related to AML, economic sanctions, anti-bribery or e-communications compliance or in the investment banking industry is desirable but not required.

Basic Qualifications

Financial Crime Compliance or related experience;
Strong oral and written communication skills;
Driven, organized, and energetic;
Analytical; capable of identifying and distilling relevant information quickly;
Works well under pressure, effectively prioritizes and is able to multi-task;
Works cooperatively and courteously with others;
Strong executive presence; capable of interacting with senior leaders;
Proficiency in Microsoft Excel, PowerPoint, Word

Preferred Qualifications

Clear thinker capable of turning complex topics into concise and compelling narratives;
Prior experience reviewing data to identity risk-relevant information;
Knowledgeable on BSA/AML, economic sanctions, anti-bribery compliance;
Familiarity with the Goldman Sachs businesses.

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.