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Platform Solutions, Transaction Banking - 1LoD Financial Crime Risk, Associate, London

Platform Solutions, Transaction Banking - 1LoD Financial Crime Risk, Associate, London

Posted 6 July by eFinancialCareers
Ended
Competitive salary
London , South East England
Permanent, full-time
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PLATFORM SOLUTIONS

In Platform Solutions (PS), we power clients with innovative and customer-centred financial products. We bring the best qualities of a technology player and combine that with the best attributes of a large bank. PS is comprised of four main businesses, underpinned by engineering, operations, and risk management:
  • Transaction Banking, a cash management and payments platform for clients building a corporate treasury system
  • Enterprise Partnerships, consumer financial products that companies embed directly within their ecosystems to better serve their end customers
  • Merchant Point-of-Sale Lending, a platform that provides custom credit financing for home improvement merchants to offer directly to their customers
  • ETF Accelerator, a platform for clients to launch, list and manage exchange-traded funds
Join us on our journey to deliver financial products and platforms that prioritize the customer and developer experience.

THE ROLE & TEAM
As part of TxB's global financial crime risk team within the first line of defence (1LoD), you will be responsible for supporting the execution of the Bank's client risk management program. Your key activities will include advisory, performing complex diligence (not KYC/EDD) on correspondent relationships, managing ongoing engagement with clients to address identified transactional anomalies and other actionable events, reviewing the client portfolio to identify key changes in risk profiles, as well as managing other effective controls to mitigate financial crime and compliance risk.
We are looking for someone with excellent communication skills who takes initiative and ownership of their work, enjoys working collaboratively in a dynamic and fast-paced environment, and excels at producing high quality and timely deliverables with agency. If that's you, we would like to hear from you!
RESPONSIBILITIES
  • Provide advisory on new and existing clients based on risk appetite
  • Conduct Due Diligence on prospective clients and partners with heightened financial crime and/or compliance risk factors or otherwise complex profiles (such as correspondent relationships), as well as ongoing reviews and monitoring of existing clients and partners
  • Execute transactional activity reviews against client expected activity
  • Perform, evaluate and assess negative news searches on prospective clients
  • Ensure reviews and associated processes are completed in a timely manner through strong organization and project management skills, and support the execution of TxB's correspondent activity diligence program
  • Collaborate closely with second line of defence (2LOD) partners, including Legal, Compliance, Financial Crime Compliance
  • Collate feedback from internal and external stakeholders to draft due diligence memos/reports on higher risk clients for internal review/signoff
  • Maintain knowledge of regulatory/compliance expectations, industry trends and emerging threats/risks
  • Manage multiple tasks and use sound judgment when prioritizing
  • Establish trusted partnerships with peers, functional leads, and executive level stakeholders
  • Update and maintain documentation for team processes and best practices
BASIC QUALIFICATIONS
  • 3-5 years of relevant professional experience in a financial crime compliance role (in 1 st or 2 nd line of defence)
  • Experience drafting financial crime related documents, such as enhanced client due diligence review reports, transaction monitoring investigative reports, policies/procedures
  • Ability to be creative, collaborate widely and deliver on key risk objectives in a fast-paced environment
  • Strong presentation skills (written and verbal), organizational and interpersonal skills, and leadership presence
  • Must be comfortable and adaptable in a dynamic and multi-faceted, fast -changing work environment
  • Strong prioritization skills and ability to manage several projects/tasks simultaneously
  • Correspondent banking experience
  • Energetic, self-directed, and self-motivated
  • Fluent in English
PREFERRED QUALIFICATIONS
  • Strong client risk, financial crime, legal and/or compliance experience
  • Prior Transaction Banking / Payments experience

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://careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Reference: 53038204

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