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Compliance, FCC - Monitoring and Assurance Group, Vice President

Goldman Sachs

Goldman Sachs

Salt Lake City, UT, USA
Posted on Thursday, June 6, 2024

Job Description

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 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 (MAG) Program evaluates 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 a Vice President to lead monitoring and assurance reviews. The ideal candidate would have proven experience working independently and experience identifying potential legal, regulatory, or reputational risk that others may have overlooked, with the discipline to constantly maintain such focus. We look for those who possess sound judgment, curiosity, and are able to adapt to a constantly changing landscape.

Primary Responsibilities:

  • Own and lead monitoring and assurance reviews
    • Collaborate with stakeholders to gather information to conduct reviews
    • Document, analyze, and communicate detailed outcomes related to reviews
    • Identify, then communicate, findings and areas for uplift with key stakeholders
    • Draft detailed investigative reports
    • Track and validate completion of corrective action plans
  • Assist with managerial work, including reviewing work done by team members
  • Own and lead MAG Strategic initiatives
  • Produce reporting and present to management on work
  • Drive forward projects pertaining to the MAG Program

Basic Qualifications:

  • The role requires a degree (Bachelors/Masters/JD)
  • 8-10 years of experience in financial services or other related industry
  • Good record of leading teams, projects or initiatives
  • Financial Industry knowledge (Global Markets, Wealth Management, in particular)
  • Financial Crime Compliance experience
  • Excellent 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
  • Audit or Quality Assurance experience

Preferred Qualifications:

  • Prior Audit, Monitoring, or Testing experience
  • Financial Industry knowledge (Global Markets, Wealth Management, in particular)
  • Financial Crime Compliance experience
  • Data Analytics skills

Your Career

Goldman Sachs is a meritocracy where you will be given all the tools to help you develop. At Goldman Sachs, you will have access to excellent training programs designed to improve multiple facets of your skills portfolio. Our in-house training program, ‘Goldman Sachs University’ offers a comprehensive series of courses that you will have access to as your career progresses. Goldman Sachs University has an impressive catalogue of courses which span technical, business and leadership skills training.

We value internal mobility. The chance to take on new challenges in the firm over time will ensure that you remain stimulated and will help in your continued professional and personal development.

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
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity