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
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