Compliance, FCC - First Line Risk, Associate-Salt Lake City

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. 

Job Summary & Responsibilities

The Global Compliance 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 the ability to adapt to a changing regulatory landscape.

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, securities fraud and other violations of law.

The Financial Crime Compliance team is seeking an Associate for a compliance role with experience in risk management, financial crime, control, and/or governance and reporting. The role will support Financial Crime Compliance’s First Line of Defense team. The individual will provide comprehensive oversight of new business activities, ensuring alignment with organizational goals and maintaining accountability for the successful execution of control uplifts. This role will support governance and reporting initiative across both first and second line fora and stakeholders. Furthermore, the individual will support first line engagement across various new initiatives. 

The ideal candidate will have strong analytical skills, experience working in FCC, the ability to collaborate with others, the ability to manage projects and processes, and the ability to multi-task. In this role, the Associate will work closely with compliance, the firm’s global business unites, and other firmwide stakeholders as needed. The Associate would be expected to quickly gain an understanding of firm businesses and the rules and regulations under which the firm operates.

Principal Responsibilities

• Provide support with ongoing governance initiatives, including standing governance forum/meeting materials preparation and support, AML/CFT and Sanctions control inventory maintenance, issues management, KPI/KRI development and tuning, and policy and procedure governance
• Support stakeholders through capturing, analyzing, and documenting requirements and process flows, including drafting specification and business requirement documents for FCC processes
• Prepare and refine compliance reporting and communications to ensure clarity, accuracy, and relevance for board-level and executive management review
• Identify key regulatory developments and industry trends, analyzing their potential impact on the Financial Crime Compliance Program
• Assist in the planning, execution, and oversight of strategic compliance projects

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 2-3 years working experience in risk management, compliance, control, and/or audit experience in a Bank or financial institution
• Proficiency in Excel (pivot tables, VLookups) and PowerPoint
• Ability to communicate Compliance requirements for consumption by firmwide stakeholders
• Experience in data analysis, including KPI/KRI development, tuning, and metrics reporting for internal/external audiences.
• Highly organized and adept at managing competing priorities, and diverse stakeholder groups.
• Tact in reviewing and handling of sensitive information

Preferred Qualifications 

• Awareness and experience working with AML trends 
• Experience with Digital Assets related products and services 
• Experience building and enhancing existing processes
• Technical skills (Alteryx, SQL, R, Python, Tableau)