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 ("FCC")    FCC coordinates Goldman Sachs' enterprise-wide anti-money laundering (AML), economic sanctions, e-communications 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, securities fraud and other violations of law.  

Job Summary & Responsibilities 

Financial Crime Compliance ("FCC") coordinates Goldman Sachs' enterprise-wide anti-money laundering (AML), economic sanctions, e-communications 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, securities fraud and other violations of law. 

The Know Your Customer Strategy team within Financial Crime Compliance is seeking an Associate for a compliance role with expertise in Anti-Money Laundering and Know Your Customer programs at large financial institutions. The Associate will be responsible for managing and developing compliance projects and initiatives across the firm’s businesses and will be responsible for liaising with compliance, operations, technology, and business groups to advise on KYC-related questions, determine system and onboarding requirements, perform data and system analysis, draft specification documents for technology, and conduct system and user acceptance testing. In addition to advising on Know Your Customer regulations and requirements, including Customer Identification Program and Customer Due Diligence requirements, the Associate will also be responsible for the development of customer due diligence rules, threshold setting, customer segmentation, and development and execution of UAT tests.  The ideal candidate should have a thorough understanding of KYC related processes and solutions, including customer onboarding, enhanced due diligence, and customer risk rating.

The ideal candidate will have strong analytical skills, experience working in KYC, the ability to collaborate with others, the ability to manage projects and processes, and the ability to multi-task. This role will work closely with compliance, operations, technology, and business personnel and would be expected to quickly gain an understanding of the global Goldman Sachs businesses and the rules and regulations under which the firm operates.

Principal Responsibilities:

Supporting compliance personnel in capturing, analyzing, and documenting requirements and process flows, including drafting specification and business requirement documents for KYC processes in the Digital Finance businessesAssisting in the development and implementation of onboarding controls and tools, including watchlist screening, adverse media screening, enhanced due diligence and customer refreshMaintain standards for KYC procedures, BTL (Below the Line) testing, ABL (Above the Line) testingSupport ongoing optimization to the effectiveness of KYC monitoring systems, scenarios, rules and toolsDeveloping and proposing recommendations to address identified issues/risks as well as areas and processes requiring optimization and improvement. Understanding trends in underlying data and advise on methodologies to detect potential suspicious activity or customersDefining and tracking project milestones while developing, maintaining, and reporting on an overall integrated delivery planWorking with cross-divisional partners, including technology, operations and business personnel through all aspects of strategic and tactical builds of critical compliance program elementsConduct forensic financial crime investigations of possible violations of the Bank Secrecy Act (BSA), USA PATRIOT Act and other crimes related to money laundering and terrorist financingGather information, identify linkages and trends and apply findings to assignmentsDraft and prepare internal and external memos, reports, etc. as part of the casesUtilize internal and external sources, and partner with other stakeholders, as necessary, to research and investigate casesProvide feedback on KYC control effectiveness and partner with management and analysts to design enhancements and/or new approachesEnsuring the completion of project documentation to meet firm standards

Basic Qualifications:

The role requires a degree (Bachelors/Masters) in a related field (Legal, Finance, Statistics, Economics, Computer Science, Applied Mathematics, Engineering, or related quantitative disciplines)Preferably at least 5 years working experience in an analytical role in a Financial Crime unit, with a focus on KYC/CIPProficiency in Excel (pivot tables, VLookups) and PowerPointUnderstanding of KYC risks for regulated financial institutions and/or retail banksAwareness and experience working with AML trends and typologiesAbility to communicate Compliance requirements for consumption by Technology and other cross functional partnersEffective written and verbal communication skillsWillingness to adapt in a fast-paced work environment; strong sense of urgencyStrong work ethic

Preferred Qualifications: 

Technical skills (Alteryx, SQL, R, Python, Tableau)Understanding of KYC risks for retail bankingAwareness and experience working with AML trends and typologiesExperience building and enhancing existing processesUnderstanding of data structures and query languages such as SQLKnowledge of Data Quality and Data Analysis methodologies 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. 
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