Compliance Division, Financial Crime Compliance, Consumer and Retail Banking, Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Goldman Sachs International
  • 17 Dec 17 2017-12-17

See job description for details

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 ("FCC") has primary responsibility for the execution of the firm's enterprise-wide Anti-Money Laundering ("AML"), anti-bribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening , as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, market abuse, or other suspicious activity.

There is an opportunity to join a retail-banking start-up business within the Consumer and Commercial Banking Division, and to contribute in shaping up the Financial Crime function within. The role is open to start immediately.

The successful candidate will join the Financial Crime Compliance group and assist the retail bank strategy team in developing a the UK Consumer AML program. They will participate in managing a global project which will include regulatory analysis, developing surveillances and procedures, contributing to the implementation of technology solutions and assisting in building up the broader FCC team. After launch in April 2018, the successful candidate will be given certain responsibilities around managing and enhancing the UK Consumer AML program. They will also perform enhanced due diligence, conduct surveillances and investigate suspicious activity, draft and file SARs, STRs and other regulatory filings when required, draft policies and procedures and conduct training on the relevant law, regulation and best practice.

Preferred Qualifications

  • Solid knowledge of the AML Regulations 2017 and of the JMLSG Guidance, in particular as it relates to CDD and the Retail space
  • Prior AML, anti-bribery and/or anti-fraud experience
  • Understanding of the opportunities and challenges in the digital banking sector, particularly as they relate to AML and Fraud
  • Some knowledge of the current AML risk management technology/vendors on the market
  • Excellent organization and project management skills
  • Excellent written and verbal communication skills
  • Ability to adapt to new changes and new challenges
  • Ability to prioritize work flows and ensure deadlines are met
  • Ability to communicate Compliance requirements for consumption by Technology
  • Ability to work independently and yet still be team-oriented
  • Proficiency in Excel (pivots, VLookups) and PowerPoint

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 programmes designed to improve multiple facets of your skills portfolio. Our in-house training programme, '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 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.

©The Goldman Sachs Group, Inc., 2017. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.