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 defence, 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. THE OPPORTUNITY
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.
The Business Intelligence Group (BIG) in FCC covering Europe, the Middle East and Africa (EMEA), which is primarily based in London, is seeking an experienced economic sanctions lawyer to work within the BIG team in connection with their review of transactions across a range of jurisdictions in EMEA.
BIG is a transactional review and due diligence group dedicated to the identification and evaluation of legal, regulatory and reputational risk raised by transactions to support the firm's business lines and firmwide committees in their efforts to make fully informed commercial and reputational risk management decisions and to meet regulatory requirements. These business lines include banking, principal investments and certain asset management businesses. BIG works closely with deal teams and subject matter experts within Global Compliance, including broader FCC, and Legal.
BIG is composed of lawyers and compliance professionals with extensive regulatory, government, audit and transactional experience.
This is an opportunity to work in a global team on a diverse range of transactions across jurisdictions. RESPONSIBILITIES
SKILLS AND EXPERIENCE
- Advising on economic sanctions matters in relation to transactions conducted by a number of the firm's business lines, including lending, underwriting, and asset management (including principal equity investments).
- Advising on how to address the firm's response to sanctions matters arising within the firm's portfolio companies.
- Due diligence and intelligence gathering, risk identification and mitigation to support the assessment of sanctions-related risks in potential transactions, business relationships and other situations.
- Driving the diligence and intelligence gathering process to address sanctions-related issues identified, coordinating with in-house lawyers, external counsel, Compliance and business teams.
- Providing legal advice to business teams and other internal stakeholders on legal, regulatory and reputational risk and associated mitigants in a transactional context.
- Coordinating with transactional in-house legal teams to ensure that there is appropriate contractual protection against the risks identified in relation to economic sanctions.
ABOUT GOLDMAN SACHS
- Ideally, the successful candidate will be a lawyer with 6 years plus PQE with experience of working at an international law firm and advising on sanctions-related issues in relation to transactions.
- Knowledge of laws, regulations, and government, regulatory and industry standards and guidelines related to US, EU and UK economic sanctions.
- International transactional experience is desirable.
- Relevant experience in the financial sector, or in regulatory or compliance work.
- Analytical and critical-thinking skills with ability to present conclusions confidently and effectively, both verbally and in writing.
- Able to assess and judge risks within the commercial context of often complex transactions and relationships, and suggest constructive solutions to navigate and mitigate reputational, legal and regulatory risk.
- Team player who enjoys a collaborative approach to work. Prepared to escalate relevant issues to seniors, and provide support where needed to juniors and peers.
- Highly organised and able to work in a fast-paced, dynamic environment, taking a proactive approach to potential issues.
- Proficient in the use of IT systems and research databases.
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