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For Companies At a Glance
- Tasks: Conduct enhanced due diligence on high-risk customers and manage compliance projects.
- Company: Goldman Sachs is a leading global investment banking and investment management firm.
- Benefits: Enjoy diverse training opportunities, wellness programs, and a commitment to inclusion.
- Why this job: Join a dynamic team tackling financial crime while developing your analytical and communication skills.
- Qualifications: Bachelor's degree required; prior experience in finance or compliance preferred.
- Other info: Flexible work environment with a focus on personal and professional growth.
The predicted salary is between 28800 - 48000 £ per year.
Job Description
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.
OUR IMPACT
The Know Your Customer/Enhanced Due Diligence team within the Financial Crime Compliance Group is seeking an analyst/associate professional, ideally with prior brokerage and/or other financial industry experience. The analyst/associate will conduct enhanced due diligence on high-risk customer relationships to identify potential legal, financial crime or reputational risk. The analyst/associate will also support, develop and advise on the firm\’s Client Identification Program, working closely with compliance, legal, operations, technology and business personnel. The ideal candidate would have strong analytical, communication and writing skills, the ability to collaborate with others, manage projects and processes, as well as prioritize and balance a heavy workload. In this role, the analyst/associate would be expected to quickly gain an understanding of the firm\’s businesses in conjunction with the rules and regulations under which the firm operates and make executive decisions on behalf of the group, applying a risk-based approach
YOUR IMPACT
- Conduct enhanced due diligence on high-risk customers to identify potential legal, regulatory or reputational risk
- Provide guidance to the client onboarding teams and/or the business on anti-money laundering related matters
- Manage challenging KYC and EDD related escalations and work with stakeholders to resolve any pending issues
- Work on anti-money laundering related projects and develop and enhance compliance systems, policies and procedures
- Work on French regulatory reporting including annual questionnaires and internal control reports.
Preferred Qualifications
- Strong academic record with Bachelor\’s degree or equivalent required
- Prior investment banking/financial services industry experience and knowledge of securities industry and products
- Prior compliance experience and a technical understanding of applicable AML and Sanctions regulations
- Experience of using data analytics tools and knowledge of structured query language required Ability to work both independently and in team-oriented workflows
- Ability to manage expectations of key stakeholders
- Strong analytical and risk assessment skills
- Excellent written and verbal communication skills
- Ability to prioritize work flows and ensure deadlines are met
- Ability to forge strong relationships with colleagues and clients
- Proactive, self-motivated, detail-oriented and well-organized
- Compliance or legal-related experience in financial services preferred
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., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
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Compliance, Financial Crime Controls, Associate, Birmingham employer: Goldman Sachs, Inc.
Contact Detail:
Goldman Sachs, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance, Financial Crime Controls, Associate, Birmingham
✨Tip Number 1
Familiarise yourself with the latest AML and sanctions regulations. Understanding these laws will not only help you in your role but also demonstrate your commitment to compliance during interviews.
✨Tip Number 2
Network with professionals in the financial services industry, especially those working in compliance. Attend relevant events or webinars to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Showcase your analytical skills by discussing any relevant projects or experiences where you used data analytics tools. This will highlight your ability to handle the technical aspects of the job effectively.
✨Tip Number 4
Prepare for situational interview questions by thinking of examples where you successfully managed stakeholder expectations or resolved compliance-related issues. This will illustrate your problem-solving abilities and teamwork skills.
We think you need these skills to ace Compliance, Financial Crime Controls, Associate, Birmingham
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Compliance, Financial Crime Controls Associate position. Tailor your application to highlight relevant experiences that align with the job description.
Highlight Relevant Experience: Emphasise any prior experience in compliance, financial services, or related fields. Mention specific projects or tasks where you conducted due diligence or managed compliance risks, as these are crucial for this role.
Showcase Analytical Skills: Since strong analytical skills are essential for this position, provide examples in your CV or cover letter that demonstrate your ability to assess risks and make informed decisions based on data analysis.
Craft a Strong Cover Letter: Use your cover letter to express your enthusiasm for the role and the company. Discuss how your background and skills make you a perfect fit for the team, and mention your understanding of the regulatory landscape and compliance culture.
How to prepare for a job interview at Goldman Sachs, Inc.
✨Understand Compliance Fundamentals
Make sure you have a solid grasp of compliance, regulatory, and reputational risks. Familiarise yourself with the key concepts and regulations relevant to the financial industry, especially those related to anti-money laundering and client identification.
✨Showcase Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. Be ready to discuss how you've used data analytics tools in previous roles and how you approach risk assessment in high-stakes situations.
✨Communicate Effectively
Strong communication skills are crucial for this role. Practice articulating your thoughts clearly and concisely, both verbally and in writing. You may be asked to explain complex compliance issues, so clarity is key.
✨Highlight Team Collaboration
This position requires working closely with various teams. Be prepared to share examples of how you've successfully collaborated with others in past roles, particularly in managing projects or resolving escalations.
