At a Glance
- Tasks: Lead compliance efforts on government sanctions and mitigate financial crime risks.
- Company: Join Goldman Sachs, a leading global investment banking firm with a diverse culture.
- Benefits: Enjoy competitive vacation policies, health support, and financial wellness programs.
- Other info: Opportunities for professional growth and mentorship within a collaborative environment.
- Why this job: Make a real impact in financial compliance while working with a dynamic team.
- Qualifications: 6+ years of sanctions advisory experience and strong analytical skills required.
The predicted salary is between 99000 - 121000 £ per year.
OUR IMPACT
Global Compliance 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, Intelligence, Sales, and Trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.
As part of Global Compliance, Financial Crime Compliance (“FCC”) is responsible for coordinating the Firmwide anti-financial crime program. FCC designs, develops, implements and oversees a wide range of systems and controls designed to prevent and detect money laundering, terrorist financing, insider trading, government sanctions violations, bribery, and fraud and other misconduct (including insider threat monitoring). FCC ensures compliance with applicable anti-money laundering, anti-bribery, and government sanctions regulations globally.
YOUR IMPACT
The Government Sanctions Group (“GSG”) within FCC is seeking a Sanctions Advisory Vice President. GSG ensures the Firm’s compliance with sanctions programs administered by the UK Office of Financial Sanctions Implementation (OFSI), part of His Majesty’s Treasury, the European Union, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), and other relevant sanctions authorities globally.
The ideal candidate would have 6 or more years of previous sanctions advisory experience at a global financial institution (or similar organization), proven time management skills, strong attention to detail, written and oral communication skills, investigative skills, and the ability to collaborate within a team. The Sanctions Advisory Vice President will serve as a subject matter expert on government sanctions regulations and assist in the identification and mitigation of sanctions risks across the firm’s lines of business.
- Working under the supervision of sanctions senior management, liaise with business, operations, and technology divisions to provide expert guidance on sanctions matters, including but not limited to funds transfers, securities trades, complex transactions, and investment banking deals.
- Undertake assessments and investigations of sanctions matters, including escalations concerning UK, EU and OFAC regulations, and the preparation and submission of regulatory reports, internal assessments, disclosures and responses as necessary.
- Advise on sanctions regulations as they relate to the assessment of key controls within the broader sanctions compliance framework, including assessing impact to new and expanded business activity within the firm.
- Ensure metrics, deadlines, and record-keeping obligations established by sanctions management are met.
- Contribute to sanctions and wider FCC governance forums (as applicable).
- Enhance and deliver sanctions training to Goldman Sachs employees.
Basic Qualifications:
- At least 6 years’ sanctions advisory experience at a global financial institution or relevant government agency.
- Substantive knowledge of UK, EU and OFAC sanctions and experience directly advising first and second-line stakeholders on sanctions risks and control requirements.
- Demonstrated analytical and problem-solving abilities, with the capacity to interpret complex regulatory guidance and apply it to real-time business queries.
- Strong written and oral communication skills, with the ability to synthesize large volumes of information and deliver clear, actionable recommendations under tight deadlines.
- 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.
- Team-oriented and willingness to provide guidance/mentorship to junior team members.
Compliance, Financial Crime Compliance - Government Sanctions Group, Vice President, London employer: Goldman Sachs Group, Inc.
Goldman Sachs is an exceptional employer, offering a dynamic work environment in Birmingham that fosters collaboration and innovation. Employees benefit from comprehensive growth opportunities, a strong emphasis on work-life balance, and the chance to be part of a leading global financial institution that values diversity and inclusion.
StudySmarter Expert Advice🤫
We think this is how you could land Compliance, Financial Crime Compliance - Government Sanctions Group, Vice President, London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Goldman Sachs Group, Inc. looking for candidates who are engaged and informed.
We think you need these skills to ace Compliance, Financial Crime Compliance - Government Sanctions Group, Vice President, London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Goldman Sachs Group, Inc.. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Goldman Sachs Group, Inc.
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Goldman Sachs Group, Inc.’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
