Compliance, FCC - Sanctions Advisory Associate, New York presso Asset & Wealth Management
Asset & Wealth Management · New York, Stati Uniti d'America · Onsite
- Professional
- Ufficio in 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.
Government Sanctions Group
Goldman Sachs is seeking a Sanctions Advisory Associate in the firm’s Government Sanctions Group. As part of the firm’s Global Compliance Division, the Government Sanctions Group ensures the firm’s compliance with sanctions programs administered by the Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury, the Office of Financial Sanctions Implementation (OFSI) at the UK’s His Majesty’s Treasury, the European Union, and other relevant sanctions authorities globally. The employee will serve as a subject matter expert on government sanctions and assist in the oversight of the firm’s sanctions risk and advisory workflows, and other control processes.
The ideal candidate would have 3-5 years of previous sanctions advisory experience at a global financial institution, proven time management skills, a strong attention to detail, written and oral communication skills, investigative skills, and the ability to collaborate within a team. The employee will assist in the identification of sanctions risk across the firm’s lines of business and work with Compliance teams to administer and provide oversight of risk mitigation processes.
Principal Responsibilities:
- Working under the supervision of experienced Sanctions Vice Presidents, liaise with business and other compliance stakeholders to provide expert guidance on sanctions matters, including but not limited to funds transfers, securities trades, complex transactions and investment banking deals
- Undertake complex assessments and investigations of sanctions matters, including escalations concerning OFAC regulations, and assist in the preparation and submission of regulatory reports, disclosures, and responses as necessary
- Advise on sanctions regulations as they relate to the assessment of key controls within the broader sanctions compliance framework
- Collaborate with stakeholders within Financial Crime Compliance on matters with various financial crime risks, e.g., money laundering, bribery, etc., in order to provide holistic recommendations to such mitigate risks
- Ensure metrics, deadlines, and record-keeping obligations established by management are met
- Assist in the development and enhancement of sanctions-related policies and procedures documents across the firm’s lines of business
- Enhance and deliver sanctions training to Goldman Sachs employees
Basic Qualifications:
- Bachelor's degree; JD/Masters preferred
- 3-5 years sanctions-related experience at a global financial institution required, with preferred experience in Sanctions Advisory
- Strong written and oral communication skills
- Ability to handle multiple priority projects at once and deliver consistently high-quality results
- Ability to be a self-starter and to ensure projects are followed through to completion
- Strong attention to detail
- Team oriented
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.
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