Compliance, FCC KYC Program Management, Associate, Richardson Texas

Compliance, FCC KYC Program Management, Associate, Richardson Texas

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 Risk and Advisory 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 serve as the lead of KYC Program Management responsible for FCC KYC Program Management across all the firm's business including Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. Specifically, this role will be responsible for the firm's FCC KYC policies, standards and procedures including enhancements, maintenance and development. Additionally, this role will be responsible for identifying and analyzing changes in laws, rules, regulations and regulatory expectations relating to KYC.

The ideal candidate will have strong analytical skills, experience working in KYC with policies, standards and procedures, the ability to collaborate with senior stakeholders, the ability to manage projects and processes, and the ability to multi-task. This role will work closely with FCC, compliance, operations, 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. This role is also responsible for supporting enhancements to the firm's KYC program and responding to regulatory, internal audit and other external requests.

Principal Responsibilities:

• Leading the enhancement, maintenance and development of FCC KYC policies, standards and procedures
• Managing the identification and analysis of changes to KYC changes in laws, rules, regulations and regulatory expectations
• Supporting enhancements to FCC KYC program, controls and processes
• Supporting FCC KYC's responses to regulatory, internal audit and other external requests

Basic Qualifications:

• 3-5 years of prior experience in a policy role in Financial Crimes Compliance, preferably in a role supporting a financial institution's global KYC compliance program.
• Understanding of Financial Crime, AML and terrorist financing trends and typologies
• Ability to determine and communicate FCC requirements to senior compliance, business, operations, and engineering teams
• Excellent organization and project management skills - ability to execute and manage a project independently is extremely important
• Ability to effectively engage and work with relevant stakeholders (including partners and clients) is critical
• Excellent written and verbal communication skills
• Ability to adapt to new changes and new challenges
• Strong analytical and risk assessment skills
• Ability to prioritize workflows and ensure deadlines are met
• Willingness to adapt in a fast-paced work environment; strong sense of urgency
• Strong work ethic

Preferred Qualifications:

• Understanding of the opportunities and challenges in the with in the global banking, assessment management, private wealth management, transaction banking and consumer banking sectors, particularly as they relate to Financial Crime Compliance
• Advance degree (JD, Masters, etc.)