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.
About the Role:
The Government Sanctions Group (“GSG”) within FCC is seeking a Vice President to manage team’s regulatory reporting framework. GSG ensures the Firm’s compliance with sanctions programs administered by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), the UK’s His Majesty's Treasury’s Office of Financial Sanctions Implementation (OFSI), the European Union, and other relevant sanctions authorities globally.
The ideal candidate would have at least six years of previous sanctions advisory and regulatory reporting 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 Vice President will serve as a subject matter expert on government sanctions regulations, and manage the day-to-day oversight of the team’s regulatory reporting requirements.
Principal Responsibilities:
- Manage the team’s day-to-day regulatory reporting process, ensuring prompt and accurate execution and submissions
- Working under the supervision of sanctions management, liaise with business, operations, and technology divisions to investigate potential exposure to sanctioned entities
- Undertake complex assessments and investigations of sanctions matters, including escalations concerning OFAC regulations, and provide oversight over the preparation and submission of regulatory reports
- Ensure metrics, deadlines, and record-keeping obligations established by sanctions management are met
- Oversee technology-driven enhancements of sanctions regulatory reporting control framework with partner teams
- 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
Basic Qualifications:
- Bachelor's degree, JD/Masters degree preferred
- Six years’ sanctions-related experience in the financial services industry or relevant government agency with a focus on sanctions regulatory reporting
- Strong attention to detail and aptitude for learning new systems and applications
- 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
- Team oriented
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Salary Range
The expected base salary for this New York, New York, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.