Compliance, FCC -Government Sanctions Group, Vice President, NY

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.

As part of Global 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.

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.

• 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

• 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

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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