Job Summary & Responsibilities

The 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, management consulting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Financial Crime Compliance ("FCC") coordinates Goldman Sachs' enterprise-wide anti-money laundering (“AML”), economic sanctions, anti-bribery compliance and conduct and integrity programs. The combined FCC team, which is composed of professionals with extensive law enforcement, regulatory, legal, compliance, forensic consulting, operations and business experience, administers an array of surveillances, due diligence, investigative expertise and other control processes designed to identify potential money laundering, terrorist financing, bribery, securities fraud and other violations of law or conduct expectations.

The FCC team is seeking a Senior Compliance Officer/Vice-President to lead its function in Frankfurt.

An experienced leader and manager, the successful candidate will have responsibility for the structuring, implementation and management of the Goldman Sachs FCC program in Frankfurt by performing day-to-day oversight of the firm’s activities and frontline personnel from an advisory and regulatory perspective, in addition to managing FCC in Germany. In addition, the person would provide senior representation in Frankfurt for Global Compliance, working closely with all in-country Compliance teams and senior business management.

Principal Responsibilities:

• Represent FCC at a senior management and board level as required
• Provide oversight for and/or assume MLRO responsibilities
• Provide oversight of the receipt, review, investigation and, if appropriate, reporting of suspicious activity externally
• Provide oversight of the team’s working relationship and interactions with global cross-divisional partners, including Global Compliance, Engineering, Operations and Sales/Investment personnel through all aspects of FCC programmatic work
• Acting as an advisor and key point of contact for the Business, appropriately identifying, assessing and escalating risks to relevant stakeholders
• Collaborating with FCC experts across KYC, Sanctions, Transaction Monitoring, Anti-Bribery, Conduct and Integrity locally, regionally and globally on the management of investigations
• Oversight of the development and implementation of risk assessments, policies and procedures, including customer due diligence and outsourcing
• Oversight of the design and enhancement of onboarding controls and tools, including watchlist screening, adverse media screening, enhanced due diligence and customer refresh
• Oversight of the development of controls, processes and procedures to address identified issues/risks as well as areas and processes requiring optimization and improvement
• Provide oversight of outsourced AML/CFT activities and FCC training requirements

Basic Qualifications:

• The role requires a degree (Bachelors/Masters)
• Senior Compliance or Risk Management experience
• AML experience either as a leader or practitioner
• Experience of Conduct Programs in commercial organizations is desirable
• Ability to communicate Compliance requirements to a diverse stakeholder group and cross-functional partners
• Willingness to adapt in a fast-paced work environment with a strong sense of risk prioritization in commercial organizations
• Strong work ethic and collaborative management and leadership style
• Excellent verbal and written communication skills

Preferred Qualifications:

• Experience working with German and or UK and /or other European regulators
• Awareness and experience working with AML trends and typologies