Compliance, Financial Crime Compliance Sanctions, Analyst/Associate, Birmingham

at  Goldman Sachs

OUR IMPACT

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.

YOUR IMPACT

Goldman Sachs is seeking an Analyst/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 (OSFI) at the UK’s His Majesty’s Treasury, the European Union, and other relevant sanctions authorities globally.
The ideal candidate would have 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 regional Compliance, Operations, and Technology teams to administer and provide oversight of risk mitigation processes.

BASIC QUALIFICATIONS:

• Bachelor’s degree
• 2-3 year Sanctions-related experience in the financial services industry or relevant government agency/regulator is a plus
• 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 proficiency with Microsoft Excel, and an aptitude for learning new systems and applications
• Team oriented

• Assist management and coordination of the team’s day-to-day reference data screening process, ensuring smooth, prompt, and accurate execution
• Conduct reviews of sanctions alerts that result from the firm’s transaction and reference data sanctions screening processes
• Using internal GS and third-party research tools, initiate and pursue investigations to resolve complex alerts
• Working under the supervision of experienced Sanctions Vice Presidents, liaise with business, operations, and technology divisions to collect information relevant to potential sanctions concerns and provide sanctions-related advice to internal constituencies
• 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