Compliance, FCC, Asset Management - First Line Risk Divisional Representative, Vice President, New York

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, support for new business activities, and focused client engagement with the business. This role is focused on managing and advising on financial crime compliance risks across the Asset Management business, shaping risk management priorities, influencing senior stakeholders, and driving enhancements to financial crime controls and processes. Accordingly, the role involves several key responsibilities:

• •Acting as trusted advisor and key point of contact for the Asset Management Business, appropriately identifying, assessing and escalating risks to relevant stakeholders
• •Draft governance materials and present FCC risks to senior leadership and Funds Boards across Asset Management
• •Advising on financial crime compliance risk for new products and transactions, including Asset Management businesses to be acquired by the firm
• •Supporting the timely management of complex escalations to closure, including but not limited to, high risk and potentially suspicious activity presenting elevated AML, sanctions, regulatory or reputational risk.
• •Work closely with internal stakeholders, including Sales, Compliance and Legal and to assess risk of potentially high risk and/or complex distribution scenarios and set out core Financial Crime Compliance due diligence and contractual requirements
• •Develop and implement frameworks and controls to identify, assess, monitor and manage distribution risk, including diligence of distribution structures to ensure intermediaries adhere to regulatory requirements and contractual obligations
• •Support with negotiation of financial crime-related representation in legal agreements and contracts with Asset Management clients, counterparts and intermediaries
• •Manage relationships with service providers to which financial crime controls are outsourced for the Asset Management business and coordinate their global oversight and related testing
• •Develop and propose recommendations to address identified issues/risks as well as areas and processes requiring optimization and improvement

Work with global cross-divisional partners, including Technology, Operations and Sales/Investment personnel

Collaborate with FCC experts across KYC, Sanctions, Transaction Monitoring and Anti-Bribery

The ideal candidate possesses strong judgment, leadership presence, analytical depth and organizational discipline, able to drive outcomes across multiple priorities. They will also have the ability to build strong relationships and advise senior stakeholders. Significant experience related to the application of AML, economic sanctions, regulatory compliance and financial crime risk management to the investment management business is prerequisite.

Basic Qualifications

7+ years of Financial Crime Compliance experience;

Sound knowledge of US regulatory requirements as it relates to investment funds, global sanctions and anti-bribery laws

Sound understanding of Asset Management products, services and clients, including related financial crime compliance risk

Strong executive presence; capable of interacting with senior leaders;

Stakeholder management skills;

Excellent oral and written communication skills

Willingness to adapt in a fast-paced work environment; strong sense of urgency

Strong work ethic, driven, organized, and energetic;

Works well under pressure, effectively prioritizes and is able to multi-task

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 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.