Compliance, Financial Crime Compliance, KYC Strategist, Associate Compliance, Financial Crime Compliance, KYC  …

Goldman Sachs
in Richardson, TX, United States
Permanent, Full time
Last application, 18 Jan 21
Competitive
Goldman Sachs
in Richardson, TX, United States
Permanent, Full time
Last application, 18 Jan 21
Competitive
Compliance, Financial Crime Compliance, KYC Strategist, Associate
MORE ABOUT THIS JOB
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.

RESPONSIBILITIES AND QUALIFICATIONS
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 are able to adapt to a changing regulatory landscape.

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 Consumer Financial Crime Compliance team is seeking an Associate for a compliance role with experience in retail banking, including credit cards, installment loans, and online banking. The Associate will be responsible for helping to manage and develop compliance projects and initiatives in the Digital Finance business and will be responsible for performing data analysis, liaising with compliance and business groups to advise on KYC-related questions, determine system and onboarding requirements, draft specification documents for technology, and conducting system and user acceptance testing. The ideal candidate will have strong analytical skills, experience working in KYC for retail banking, 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, operations, technology and business personnel and would be expected to quickly gain an understanding of the Digital Finance business 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 businesses
  • Assisting in the development and implementation of onboarding controls and tools, including watchlist screening, adverse media screening, enhanced due diligence and customer refresh
  • Maintain standards for KYC procedures, BTL (Below the Line) testing, ABL (Above the Line) testing
  • Support ongoing optimization to the effectiveness of KYC monitoring systems, scenarios, rules and tools
  • Developing 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 customers
  • Defining and tracking project milestones while developing, maintaining, and reporting on an overall integrated delivery plan
  • Working with cross-divisional partners, including technology, operations and business personnel through all aspects of strategic and tactical builds of critical compliance program elements
  • Conduct 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 financing
  • Gather information, identify linkages and trends and apply findings to assignments
  • Draft and prepare internal and external memos, reports, etc. as part of the cases
  • Utilize internal and external sources, and partner with other stakeholders, as necessary, to research and investigate cases
  • Provide feedback on KYC control effectiveness and partner with management and analysts to design enhancements and/or new approaches
  • Ensuring 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 3 years working experience in an analytical role in a Financial Crime unit, with a focus on KYC/CIP
  • Proficiency with Excel and Access
  • Experience in unsecured consumer lending, online banking, and credit cards
  • Effective written and verbal communication skills
  • Willingness to adapt in a fast-paced work environment; strong sense of urgency
  • Strong work ethic
Preferred Qualifications:
  • Understanding of KYC risks for retail banking
  • Awareness and experience working with AML trends and typologies
  • Experience building and enhancing existing processes
  • Technical skills (SQL, R, Python, Tableau)


ABOUT GOLDMAN SACHS
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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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