Compliance, Private Wealth Management, Associate - Monaco

Goldman Sachs

Experience
Workhours
Responsibilities

YOUR IMPACT

A position where you will help ensure the firm is compliant with the appropriate rules and regulations within the Private Wealth Management Industry. We’re looking for a professional to join our Compliance team in Monaco. 

OUR IMPACT

Our division interprets regulatory requirements to ensure the firm is in compliance and determines how to appropriately pursue Private Wealth Management (PWM) opportunities. Our analysts monitor regulatory trends where the firm operates and in particular in line with the Monaco banking and financial regulation. You'll be part of a team with the EMEA Financial Crime Compliance, PWM & Regulatory Affairs Head of Compliance and the Head of the Compliance for France with a lot of interactions with colleagues based in Paris, London and in some EMEA offices 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, independent and are able to adapt to a changing regulatory landscape.

The PWM Compliance, Compliance Regulatory Affairs and Financial Crime Compliance departments provide centralised compliance functions for the businesses based in the Goldman Sachs Monaco office and more globally to all Goldman Sachs professional who would have queries regarding Monaco rules. 

Involved in assessing the regulatory risks attributed to the Firms business and contributing to the evolution of the Firm’s Compliance Program designed to support compliance with laws, rules and regulatory requirements.

HOW YOU WILL FULFILL YOUR POTENTIAL

  • Primary contact of the local authorities including local Money Laundering Reporting Officer with SICCFIN
  • Complete regulatory reports and answer ad hoc queries from regulators
  • Assessing the regulatory risks, regulation changes and potential impacts
  • Completing the control plan of Goldman Sachs (Monaco) and investigate cases appropriately
  • Working on regulatory questionnaire and reporting and any potential ad hoc request from regulators in Monaco
  • Maintaining a regulatory and legal watch and implementing it in liaison with the other Compliance departments of the firm
  • Providing regulatory advice to the entity’s functions as regards measures to ensure compliance with local regulatory requirements and self-regulation in order to prevent the risk of incurring regulatory or administrative sanctions, significant financial losses or damage to reputation;
  • Drafting and updating policies and procedures
  • Establishing and maintaining the appropriate plans and processes to ensure compliance
  • Reviewing client documentation files, transactions and marketing materials
  • Managing customer complaints
  • Working with Technology, Operations (KYC - Client onboarding) and other areas within Compliance, or the business, to enhance the speed and ease of obtaining information to complete your mission.
  • Collaborating with other Compliance areas and the business to produce responses to information requests ahead of regulatory audits/reviews/reports

SKILLS & EXPERIENCE WE’RE LOOKING FOR

BASIC QUALIFICATIONS

  • Fluent in French and in English
  • Graduate, preferably with a Legal degree or Economics/ Finance related.
  • Good skills of the private Bank industry and regulations acquired in a global firm
  • Able to work in an international environment with various regulations (French, US, Swiss, UK, MIFID, MAR, AML EU Directives…)

PREFERRED QUALIFICATIONS

  • Minimum of 5 – 7 years’ experience in Compliance in Private Banking sector in Monaco.

ESSENTIAL SKILLS

  • Independence to the business and escalate issue to the relevant Reporting Line Manager
  • Strong interpersonal, communication, leadership, presentation and influencing skills
  • Ability to summarize complex topics concisely and drive practical outcomes
  • Analytical mind
  • Evolve in a multinational environment with colleagues across the globe with various cultures
  • Good understanding of risk analysis processes
  • The ability to make sound decisions, including escalation when appropriate, in regard of regulatory risk
  • Must understand the importance of, Manage priorities and be able to work to tight deadlines.
  • To work without supervision; act on own initiative to identify tasks to be undertaken; work as part of a team.
  • Ability to build strong working relationships with central and business aligned functions across the region and co-ordinate with the regional Compliance team
  • Keen to learn new information, adopt new skills and with the ability to identify and make improvements to systems and processes.
  • Calm, with good oral, interpersonal and written communications skills and an authoritative manner.
  • Concern for accuracy, with good attention to detail.

The successful candidate needs to be able to work cross-functionally and confidently with colleagues and employees both in-country and abroad as wells as at all levels of the organization. He/She must be able to think on his/her feet, often providing inputs into Reporting Line Manager in high profile and/or time constrained situations.

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

© 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

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Confirmed 23 hours ago. Posted 13 days ago.

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