Compliance Division, Compliance Testing Group, Senior Associate/Jr. VP

Employer
Goldman Sachs
Location
New York, USA
Salary
Competitive
Posted
Nov 15, 2020
Closes
Dec 15, 2020
Ref
9016832
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
MORE ABOUT THIS JOB
GLOBAL COMPLIANCE
Our 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, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

RESPONSIBILITIES AND QUALIFICATIONS
Compliance Testing Group ("CTG") is seeking an individual who is a self-starter who exudes energy, curiosity, and enthusiasm to conduct compliance testing reviews covering the various firm businesses and divisions. The principal objective of CTG is to create and execute detailed testing to assess compliance with regulations and firm policies, working closely with Compliance and business management to refine firm processes. CTG's global team (with locations in New York, Salt Lake City, London, Warsaw, Tokyo, Singapore, and Hong Kong) is comprised of individuals with varying backgrounds and experience (former auditors, accountants, regulators, prosecutors, compliance professionals, lawyers and traders). The individual will work closely with Compliance and business management, and gain an understanding of both the firm's businesses and the rules and regulations under which the firm operates.

This is an exciting opportunity for an individual who enjoys investigative work and possesses deep knowledge of sales and trading, portfolio management and/or risk management functions across a variety of asset classes. An ideal candidate will leverage their prior experience in sales and trading, strategist, market risk, product controllers, legal, or audit to investigate whether activities and practices comply with policies and regulations and the firm's compliance control infrastructure. This individual should be comfortable handling multiple projects and having daily interactions with senior members of the businesses and engineers.

Responsibilities:
  • Propose methods of testing and execute plans discussed and agreed with a team leader.
  • Gather data, perform analyses, and document results.
  • Identify potential compliance, conduct and reputational risks, and effectively escalate to appropriate individuals.
  • Leverage strong communication skills to interact with Compliance and senior business management.
  • Team with colleagues around the globe to share findings and refine processes.
  • Execute multiple projects at the same time and meet tight deadlines.
Basic Qualifications:
  • Bachelor's Degree
  • Broad knowledge of financial products, markets, and laws and regulations such as FINRA rules, SEC rules, and the Investment Company Act of 1940.
  • Knowledge of products, the securities business and sales practice/market conduct rules and regulations, i.e., prior experience in sales and trading, product controllers, compliance, legal, regulatory, audit or risk management functions.
  • Excellent interview, presentation, written communication, time management, and analytical skills.
  • Integrity, motivation, intellectual curiosity, and enthusiasm.
  • Knowledge of Microsoft Word and Excel; additional knowledge of Alteryx is useful.
Preferred Qualifications:
  • Deep understanding of the products offered by the Equities, Foreign Exchange, Interest Rates, Commodities or Credit Markets trading desks.
  • Financial instruments product knowledge (a Financial Engineering qualification, CFA, PRMIA or FRM qualifications).
  • Experience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting firm, or regulator.
  • Understanding of risk management, accounting, information technology systems, and standard system implementation methodologies.
  • Fluency in French, Spanish, German, Italian, Portuguese, Japanese, Korean, or Mandarin Chinese.


ABOUT GOLDMAN SACHS
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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity