Compliance-Financial Crime Compliance, Government Sanctions, Associate, Salt Lak
Goldman Sachs Bank AG, Salt Lake City, UT, United States
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.
Goldman Sachs is seeking an 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. Reporting to a Sanctions manager in Salt Lake City, the employee will serve as a subject matter expert on government sanctions and assist in the oversight of the firm’s enterprise-wide sanctions screening and other control processes.
Responsibilities
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
Basic Qualifications
Strong written and oral communication skills
Ability to handle multiple priority projects at once and deliver consistently high quality results
Self‑starter who ensures projects are followed through to completion
Strong proficiency with Microsoft Excel, and an aptitude for learning new systems and applications
Team oriented
Sanctions‑related experience in the financial services industry or a relevant government agency/regulator
Equal Employment Opportunity Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Accommodations We are 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
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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.
Goldman Sachs is seeking an 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. Reporting to a Sanctions manager in Salt Lake City, the employee will serve as a subject matter expert on government sanctions and assist in the oversight of the firm’s enterprise-wide sanctions screening and other control processes.
Responsibilities
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
Basic Qualifications
Strong written and oral communication skills
Ability to handle multiple priority projects at once and deliver consistently high quality results
Self‑starter who ensures projects are followed through to completion
Strong proficiency with Microsoft Excel, and an aptitude for learning new systems and applications
Team oriented
Sanctions‑related experience in the financial services industry or a relevant government agency/regulator
Equal Employment Opportunity Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Accommodations We are 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
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