Goldman Sachs
Asset & Wealth Management- Wealth Management Audit Response, Vice President, New
Goldman Sachs, New York, New York, us, 10261
YOUR IMPACT
We seek an experienced and qualified client onboarding and data maintenance regulatory compliance expert (e.g., Anti-Money Laundering / Know Your Client / Customer Due Diligence (KYC/AML/CDD)) to lead our newly established Audit Response team. This role will own relationships with internal and external auditors as well as facilitate the audit responses for all client onboarding and client identification program functions.
OUR IMPACT Wealth Management operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading, and asset management capabilities to clients around the world. In addition, Wealth Management Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that make business flow.
The Audit Response team facilitates internal and external exams focused on client data, client onboarding, and client identification programs. The Audit Response team also provides guidance on assessing whether client onboarding and client identification program controls are sufficient and working as intended, whether operating procedures are being performed consistently and efficiently, and whether activities follow regulatory requirements, industry standards, and internal policies.
Responsibilities:
Is the single global accountable owner for all client onboarding and client identification program audit and exam responses (external and internal)
Sets communication strategy with external regulators
Is an expert on regulatory requirements, industry standards, and internal policies pertaining to client onboarding and client identification processes
Owns primary relationship with Internal Audit for client onboarding and client identification program functions as well as Compliance groups for Regulatory engagements
Maintain awareness of Regulatory and Financial Crime Compliance policy updates and incorporates the process and procedural changes in the KYC review process
Ensures training to Operations team on regulatory requirements, industry standards, and internal policies, including coaching the junior team members and providing guidance.
Coordinates with Goldman Sachs divisions to understand Audit findings that can be applied to Wealth Management
Grows an Audit Remediation specialist team focused on:
Guiding accurate and complete fieldwork and responses for internal audit and regulatory exams and inquiries
Drafting responses for internal audit and regulatory exams and inquiries
Coordinating subject matter expert review of responses for internal audit and regulatory exams and inquiries
Collating material and messaging for various leadership forums and postings
Developing recommendations on process improvements based on regulatory requirements, industry standards, and internal policies
Requirements:
+10 years of relevant work experience in client data compliance expert (e.g., Anti-Money Laundering / Know Your Client / Customer Due Diligence (KYC/AML/CDD)
Ability to own primary relationship with senior leadership, Internal Audit, and Regulators
Strong analytical, problem-solving, decision-making skills, attention to detail, and risk-focused mindset
Excellent stakeholder engagement skills, ability to effectively manage internal and external stakeholders
Overall understanding of the client lifecycle process and various types of account structures
Ability to interpret and excellent understanding of end-to-end KYC/CDD policy, procedure requirements, and terminologies
Absolute discretion when dealing with confidential matters
Ability to multi-task and prioritize accordingly
Team player with flexibility and adaptability to change
Excellent interpersonal skills, both written and oral
Meticulous, coupled with the ability to work under pressure and tight timelines
Knowledge of MS Office (Word, Excel, etc.)
Salary Range The expected base salary for this New York, New York, United States-based position is $100,000-$235,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week.
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OUR IMPACT Wealth Management operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading, and asset management capabilities to clients around the world. In addition, Wealth Management Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, or market entered, every transaction completed, it is Operations that develops the processes and controls that make business flow.
The Audit Response team facilitates internal and external exams focused on client data, client onboarding, and client identification programs. The Audit Response team also provides guidance on assessing whether client onboarding and client identification program controls are sufficient and working as intended, whether operating procedures are being performed consistently and efficiently, and whether activities follow regulatory requirements, industry standards, and internal policies.
Responsibilities:
Is the single global accountable owner for all client onboarding and client identification program audit and exam responses (external and internal)
Sets communication strategy with external regulators
Is an expert on regulatory requirements, industry standards, and internal policies pertaining to client onboarding and client identification processes
Owns primary relationship with Internal Audit for client onboarding and client identification program functions as well as Compliance groups for Regulatory engagements
Maintain awareness of Regulatory and Financial Crime Compliance policy updates and incorporates the process and procedural changes in the KYC review process
Ensures training to Operations team on regulatory requirements, industry standards, and internal policies, including coaching the junior team members and providing guidance.
Coordinates with Goldman Sachs divisions to understand Audit findings that can be applied to Wealth Management
Grows an Audit Remediation specialist team focused on:
Guiding accurate and complete fieldwork and responses for internal audit and regulatory exams and inquiries
Drafting responses for internal audit and regulatory exams and inquiries
Coordinating subject matter expert review of responses for internal audit and regulatory exams and inquiries
Collating material and messaging for various leadership forums and postings
Developing recommendations on process improvements based on regulatory requirements, industry standards, and internal policies
Requirements:
+10 years of relevant work experience in client data compliance expert (e.g., Anti-Money Laundering / Know Your Client / Customer Due Diligence (KYC/AML/CDD)
Ability to own primary relationship with senior leadership, Internal Audit, and Regulators
Strong analytical, problem-solving, decision-making skills, attention to detail, and risk-focused mindset
Excellent stakeholder engagement skills, ability to effectively manage internal and external stakeholders
Overall understanding of the client lifecycle process and various types of account structures
Ability to interpret and excellent understanding of end-to-end KYC/CDD policy, procedure requirements, and terminologies
Absolute discretion when dealing with confidential matters
Ability to multi-task and prioritize accordingly
Team player with flexibility and adaptability to change
Excellent interpersonal skills, both written and oral
Meticulous, coupled with the ability to work under pressure and tight timelines
Knowledge of MS Office (Word, Excel, etc.)
Salary Range The expected base salary for this New York, New York, United States-based position is $100,000-$235,000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week.
#J-18808-Ljbffr