Compliance, Regional Financial Crime Compliance, Associate, Singapore Singapore · Singapore · A[...]

Opportunity Overview sitemap_outline CORPORATE TITLE Associate language OFFICE LOCATION(S) Singapore assignment JOB FUNCTION Financial Crime Controls account_balance DIVISION Compliance Division

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.

Job Summary & Responsibilities

The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Singapore, Hong Kong and other major financial centers around the world.

Within the firm’s Compliance division, the Financial Crime Compliance Group is responsible for coordinating Goldman Sachs’ enterprise-wide Anti-Money Laundering (AML), Sanctions, and Anti-Bribery and Corruption (ABC) compliance effort and provides the related services to Goldman Sachs subsidiaries worldwide. These services include: developing and implementing policies and procedures; performing customer due diligence and enhanced due diligence; screening against OFAC and other government sanctions lists; conducting automated and manual transaction monitoring, investigating potential violations of law, regulation or firm policy by employees and/or clients; reporting suspicious activity; coordinating training of relevant employees; and liaising with law enforcement and regulatory authorities.

The successful candidate will work closely with a money laundering reporting officer (MLRO) for an entity in Singapore in managing the firm’s compliance with laws and regulations. In particular, AML/CFT Notices and regulations overseen by the MAS. The person will also assist the MLRO to monitor and manage risks to ensure adherence to the firm’s group requirements, including coordinating with counterparts to comply with regulatory requirements of a Goldman Sachs entity in Europe.

This role requires some familiarity with international transactions and multi-modal booking arrangements in a globalized banking environment. In this capacity, the person will assist the MLRO to proactively identify and manage financial crime, reputational and regulatory risks in a fast-moving environment. The candidate should be conversant with financial crime regulations and be alert to the relevant risks. The role requires a practical, commercial mindset when working through complex issues, without compromising on effective risk management.

• Providing daily support and advice on the firm’s policies and Singapore financial crime regulations for banking business in Singapore
• Collaborating closely with FCC counterparts in APAC and global teams to ensure proper implementation of the corresponding controls in the entity.
• Supporting the MLRO in drafting and implementing applicable policies, procedures and programs for the entity
• Investigations into potential suspicious activities, conduct enhanced due diligence on high-risk customers and addressing any escalations related to other FCC workstreams, including Anti-Bribery Compliance and Sanctions Compliance
• Supporting the MLRO on regulatory and audit inquiries
• Providing training to employees on FCC-related topics

Experience/Skills

• Minimum 3-5 years of experience with Financial Crime Compliance, bank compliance, the regulator, audit or consulting firms
• Experience in customer due diligence, client trading activity, surveillance alerts or payment screening alerts
• Good understanding of banking operations, global trading environments, private wealth management and payment infrastructures
• Excellent written and verbal communication skills, especially, when communicating complex issues across different stakeholders
• Strong analytical, organizational and investigative skills with attention to details
• Ability to multi-task, work independently under stress, and escalate issues timely
• Proficiency in Alteryx is a plus

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.

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.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.