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 Private Wealth Management Coordinator is responsible for managing financial crime compliance risk related to the firm's wealth management businesses. The role involves four responsibilities: 1) Fielding and addressing ad hoc escalations from wealth management staff regarding high risk and potentially suspicious activity across a wide range of products and business lines; 2) Conducting enhanced due diligence on high-risk customer relationships and transactions to identify potential legal, regulatory or reputational risk; 3) Coordinating with divisional compliance, legal and the business on transactions / relationships; 4) Support reporting for senior management review of PWM financial crime risks.
The ideal candidate possesses strong analytical skills and an ability to learn quickly that will able to readily understand investment banking and AML concepts and issues.
Experience related to AML, economic sanctions, anti-bribery or e-communications compliance or in the investment banking industry is desirable, but not required.
Financial crime compliance or wealth management related experience;
Strong oral and written communication skills;
Driven, organized, and energetic;
Analytical; capable of identifying and distilling relevant information quickly;
Interest in technology enhancements and data analysis;
Works well under pressure, effectively prioritizes and is able to multi-task;
Works cooperatively and courteously with others;
Strong executive presence; capable of interacting with senior leaders;
Proficiency in Microsoft Excel, PowerPoint, Word
Clear thinker capable of turning complex topics into concise and compelling narratives;
Prior experience reviewing data to identity risk-relevant information;
Knowledgeable on BSA/AML, economic sanctions, anti-bribery compliance;
Familiarity with the wealth management industry and/or Goldman Sachs businesses; and
Understanding of KYC onboarding requirements
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
Salary Range The expected base salary for this New York, New York, United States-based position is $115000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .