Compliance, Swap Dealer Compliance (Monitoring and Testing), Vice President

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.

Overview

Swap Dealer Compliance seeks an experienced Compliance Officer to advise internal stakeholders on implementation of CFTC, NFA and SEC swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, metrics and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including Global Banking and Markets, Private Wealth Management and Corporate Treasury as well as with Compliance, Legal, Operations, Engineering, Risk, Finance and Audit stakeholders. Knowledge of SEC, CFTC & NFA swap regulations is essential to uplift the compliance program and assist the firm's swap dealing entities and their Chief Compliance Officers (CCOs) satisfy their obligations under relevant rules.

This is an exciting opportunity for an individual who enjoys investigative work and strong knowledge of the Title VII of the Dodd Frank Act and has worked to implement and/or review CFTC, NFA and SEC requirements for swap dealers and/or security-based swap dealers or been a tested Global Markets trading activities 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:

• Lead for monitoring and testing within Swap Dealer Compliance
• Develop a swap dealer monitoring and testing plan
• 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 Dodd Frank Title VII and CFTC, NFA and SEC swap dealer and security-based swap dealer requirements
• Excellent interview, presentation, written communication, time management, and analytical skills
• Integrity, motivation, intellectual curiosity, and enthusiasm

Preferred Qualifications:

• Prior experience in Compliance, Business, Product Controllers, Operations, Legal, Regulatory, Audit or Risk Management functions in the swap dealer-specific /or Global Banking and Markets businesses
• Experience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting firm, or regulator
• Financial instruments product knowledge (a Financial Engineering qualification, CFA, PRMIA or FRM qualifications)

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., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $115000-$250000. 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, can be found here .