Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management Firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the Firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Singapore and other major financial centers around the world.
Within the Firm’s Compliance division, the Financial Crime Compliance Group (“FCC”) is responsible for coordinating Goldman Sachs’ enterprise-wide Anti-Money Laundering (“AML”) compliance effort and 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 OFAC and other Government sanctions lists; conducting automated and manual transaction monitoring, 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.
Reporting to the Asia Pacific FCC Regional Head, the successful candidate will be a tenured and experienced FCC officer and be responsible for designing and then ensuring adherence to an AML Compliance Program for a Firm entity in Singapore. They will be ensuring day to day compliance with all applicable money laundering laws and regulations to mitigate both reputational and regulatory risk to the Firm.
Principal Responsibilities
- Leading an entity specific Financial Crime Compliance function in Singapore to ensure effective design and implementation of an AML Compliance program under MAS Notice 626 and associated regulations.
- Supervising existing FCC resources to perform the below functions:
- Reviewing prospective clients to identify issues presenting potential legal, regulatory or reputational risk
- Conducting background investigations of prospects, primarily utilizing publicly available data sources and reviewing client documentation
- Conducting investigations relating to escalations or alerts on potential suspicious activities, including sanctions screening alerts. Investigative work entails in-depth client account reviews of trading and transactional activity, as well as electronic communications, to identify potential money laundering, insider trading, market manipulation and other suspicious transactions
- Managing document retention in accordance with applicable AML regulation and Firm policy
- Reviewing Escalations, Investigative Reports and Suspicious Transaction Reports for the entity
- Monitoring any updates and interpreting relevant AML laws, rules and regulations
- Drafting and implementing applicable AML policies and procedures
- Providing training to employees on AML related topics
- Managing and providing assessment new business initiatives in the entity from a Financial Crime Perspective
- Responding to Regulatory inquiries and communicating with Regulators if necessary
- Collaborating with counterparts in both Global and Regional Financial Crime Compliance team.
Experience/Skills
- Singapore Citizen or Permanent Resident of Singapore
- Minimum 12 years of Singapore Financial Crime Compliance, experience in securities law, law enforcement, investigative, forensic accounting or law firms being an advantage
- Be competent in interpretation and execution of both Singapore and International AML laws, regulations and requirements
- Excellent written and verbal communication skills
- Strong leadership, management, investigative and risk assessment skills
- Good understanding of the banking and securities industry and products
- Strong interpersonal skills
- Ability to prioritize demanding workflows, be detailed-oriented and well organized
- Must be a self-starter, pro-active and able to manage a team
- Proficiency in PowerPoint and Excel, and external database searches, such as WorldCheck, Factiva, and Lexis/Nexis
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
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