Compliance-bengaluru-analyst-financial Crime Controls

Job Category Analyst 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 BUSINESS UNIT AND ROLE OVERVIEW Financial Crime Compliance FCC has primary responsibility for the execution of the firm s enterprise-wide Anti-Money Laundering AML anti-bribery and government sanctions compliance programs and among other things performs enhanced due diligence and government sanctions screening as well as surveillance and investigations designed to identify potential terrorist financing money laundering bribery market abuse or other suspicious activity Goldman Sachs Bank USA the Bank is a New York State-chartered bank and a member of the Federal Reserve System All of the firm s revenue divisions conduct business in the Bank Bank activities include the acceptance of client customer and brokered deposits the origination of bank loans and mortgage loans entering into interest rate credit currency and other derivatives and agency lending The Bank facilitates client transactions and makes markets in fixed income products FCC Suspicious Activity Monitoring Reporting SAMR is responsible for establishing overseeing and executing upon the firm s global suspicious activity monitoring and reporting program including policies procedures and controls across all business GS legal entities and jurisdictions in which the firm operates or does business in order to ensure that the firm its businesses and appropriate 2LoD stakeholders including but not limited to FCC effectively monitor detect and report suspicious activities FCC SAMR uses automated surveillances and other escalation sources to identify suspicious activity probative of money laundering fraud terrorist financing and other forms of misconduct As applicable FCC SAMR leverages firm controls to restrict and to conduct ongoing monitoring of accounts and relationships to mitigate financial crime risks OPPORTUNITY FCC is looking for an individual to join its Transaction Monitoring team which is part of FCC - SAMR group FCC TM team is seeking an associate ideally with Transaction monitoring AML or other financial industry experience The individual will conduct in-depth transactional investigations to identify AML red flags probative of potential illicit activity When problematic transactions are identified the investigator will take the appropriate steps to escalate discontinue and or mitigate such activity The ideal candidate would have strong analytical skills the ability to collaborate with others the ability to manage projects and processes and the ability to multi-task In this role the analyst may work closely with compliance operations technology and business personnel and would be expected to quickly gain an understanding of the firm s businesses and the rules and regulations under which the firm operates PRINCIPAL RESPONSIBILITIES The successful candidate will join the FCC - SAMR group and assist in reviewing transaction surveillance alerts to identify potential suspicious activity for reporting purposes Additionally the role involves identifying patterns and trends consistent with money laundering terrorist financing and other types of suspicious activity Responsibilities of the role include the completion of daily tasks and supporting projects to meet the overall department goals in line with the firm s AML program PREFERRED QUALIFICATIONS Ability to work independently and in team-oriented workflows Strong analytical and risk assessment skills Excellent written and verbal communication skills Ability to prioritize workflows and ensure deadlines are met Ability to forge strong relationships with colleagues and various stakeholders Proactive self-motivated detail-oriented and well-organized Prior compliance experience - prior AML experience would be a plus 2-3 years of relevant experience preferred 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 The Goldman Sachs Group Inc 2023 All rights reserved