Compliance, Financial Crime Compliance, Anti-Money Laundering Compliance Officer (Know Your Client), Associate / Vice President, Singapore Compliance, Financial Crime Compliance, Anti-Money  …

Goldman Sachs
in Singapore
Permanent, Full time
Last application, 17 Jan 22
Goldman Sachs
in Singapore
Permanent, Full time
Last application, 17 Jan 22
Compliance, Financial Crime Compliance, Anti-Money Laundering Compliance Officer (Know Your Client), Associate / Vice President, Singapore
Global Compliance 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.
Job Summary & Responsibilities :
Financial Crime Compliance ("FCC") in the Compliance division is responsible for coordinating Goldman Sachs' enterprise-wide Anti-Money Laundering ("AML")/Bank Secrecy Act, anti-bribery, government sanctions, and anti-boycott compliance efforts. FCC also provides AML-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 Office of Foreign Asset Control ("OFAC") and other government sanctions lists; conducting automated and manual transaction monitoring including E-communications, 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 be part of the Asia-Pacific Know-Your-Client ("KYC") team and report to the KYC team manager based in Hong Kong.
Principal Responsibilities:
  • Conducting due diligence on prospective and existing clients to identify issues presenting potential legal, regulatory, sanctions or reputational risk, primarily utilizing publicly available data sources, vendor reports and reviewing client documentation.
  • Escalating potential KYC issues to the KYC team manager and/or senior business management.
  • Documenting potential issues, mitigating factors and rationale for approval in the relevant systems.
  • Managing document retention in accordance with applicable AML regulation and firm policies.
  • Providing AML advices, guidance and training to internal stakeholders on KYC/EDD-related matters
  • Implementing applicable AML policies and procedures.
  • Collaborating closely with the global Anti-Money Laundering/Suspicious Activities Group, the Government Sanctions Group, the Anti-Bribery Group, and the Global Surveillance Group.
Basic Requirements:
  • Experience in AML compliance, securities law, law enforcement, investigative or forensic accounting or similar background. Good understanding of the Financial Services industry and various investment products
  • Strong analytical, investigative and risk assessment skills
  • Ability to prioritize demanding workflows, detailed-oriented and well organized
  • Ability to take ownership, work independently and yet still be team-oriented
  • Ability to adapt to new changes and new challenges
  • Excellent written and verbal communication skill
  • Strong interpersonal skills and leadership skills
  • Proficiency in PowerPoint and Excel, and experience in external database searches, such as World Check, Factiva, and Lexis/Nexis
  • Proven analytical skills, problem solving ability, and a control mentality paired with meticulous attention to detail


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