Compliance, Transaction Banking (TxB) Compliance, Associate/Executive Director, London
Goldman Sachs
Application
Details
Posted: 19-Jun-24
Location: London, United Kingdom
Type: Full-time
Salary: Open
Internal Number: 20840809
OUR IMPACT 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. YOUR IMPACT Candidate will work as part of the Transaction Banking Compliance team ("TxB Compliance") with a primary focus on compliance matters related to the firm's Transaction Banking business. Transaction Banking at Goldman Sachs is a service that we provide to corporates to manage their business-to-business payments, accept receivables, and make payments across 120 countries, to keep it easy, simple, and safe for them to transmit money. The TxB Compliance team works to protect our clients and the financial markets and ensure that Transaction Banking cash management and payments systems as well as any new business activities meet both U.S. and UK/EU requirements set out in our compliance management system and applicable regulation. Seat will be in London. Coverage will be primarily UK/Europe, with opportunities to work with global team members in the United States. How you will fulfil your potential
Provide advice and compliance oversight to Transaction Banking personnel on client interactions/engagements, new business initiatives and significant business changes affecting the firm, as well as compliance, regulatory and reputational issues
Partner with business teams to ensure testing and ongoing monitoring properly considers and mitigates compliance risks
Develop and implement policies, procedures and best practice standards for Transaction Banking
Drive control analysis and assessments for new business initiatives within Transaction Banking
Enhance existing monitoring and controls to mitigate risk and as well as reflect and anticipate regulatory changes
Design and implement live and online training on applicable compliance and regulatory requirements to educate business professionals
Interact with various internal teams such as Legal, Internal Audit, Treasury, Operations, Engineering, and Conflicts Resolution Group as well as external advisors, clients and counterparties
Monitor the regulatory landscape to anticipate and implement changes to our compliance program
Analyse and form views on new clients and business and the associated compliance, regulatory and reputational risks for the purposes of Firm committees
Execute compliance risk assessments
Deliver management information to compliance management for use in Board, regulator and governance communications
Leverage technology to facilitate monitoring and reporting of compliance risk
Assist in responding to regulatory inquiries and investigations
Review and approve marketing / advertising
Preferred Qualifications:
Bachelor's degree or equivalent military experience
Demonstrated experience in compliance, legal, regulation or related business side experience in payments, deposits, corporate cash management, transaction banking, treasury services
Excellent written and verbal communication skills
Strong intellectual curiosity and interest in payments and corporate cash management, as well as learning new things
Knowledge of UK and EU regulatory obligations relating to payments (e.g., the Second Payment Services Directive)
Ability to interface daily with a range of senior colleagues and peers to gather facts and build relationships
Strong project management, analytical, and functional skills
Ability to prioritize multiple tasks and meet deadlines with attention to detail and outstanding execution
A proactive team player, who enjoys working collaboratively to find solutions
Highly motivated, reliable, and accountable
Strong investigative and problem-solving skills with the ability to exercise sound and balanced judgment and challenge when needed
Knowledge of Microsoft Word, Excel, and PowerPoint
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