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.
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BUSINESS UNIT OVERVIEW:
Part of the Global Compliance Division, the firm's Federation Compliance team is a global team with responsibility for providing compliance coverage to the "Federation" which is composed of Operations, Engineering, Controllers, Corporate Planning and Management, Corporate Treasury, Risk, Corporate and Workplace Solutions, Executive Office, Tax and Human Capital Management divisions. Federation Compliance provides advice and oversight on a variety of matters to ensure regulatory, reputational and compliance risks across the Federation are mitigated. In association with its Business Partners, Federation Compliance ensures there is supervision of people and functions, provides guidance on Regulatory adherence, investigates conduct related matters, and identify risks that may affect the overall health of the Federation.
ROLE AND RESPONSIBILITIES
The role involves managing, monitoring, and governing risks across multiple Federation teams in the region. Partner with global federation compliance teams to strengthen the regional compliance program along with always maintaining good stakeholder connectivity. Additionally, the role involves:
- Conducting risk identification, measurement, and assessment
- Monitoring for compliance with laws, rules, regulations, and policies, including the identification and investigation of conduct related issues
- Provide guidance to internal clients on appropriate interpretation and application of policies/procedures
- Assist regional compliance in ongoing projects, responding to changes in the firm's businesses and changes in regulation
- Execute and manage global ad-hoc projects based on compliance or business requirements that helps in enhancing the compliance of the firm
- Taking ownership of processes and controls within the team, driving the development of methods to improve processes and / or controls to ensure that these are efficient, effective and relevant
- Seeking and implementing automated solutions (for manual processes and anticipated future requirements)
- Leverage strong communication and relationship-building skills in frequent interaction with other areas of the firm and professionals across the globe
- Identify and effectively escalate potential issues to the appropriate person/s
- Communicate findings to compliance colleagues and suggest potential corrective actions to address issues
- Enabling compliance with internal controls, policies and procedures and regularly reviewing and updating procedures and training documentation
- Derivatives risk mitigation requirements such as margin rules, confirmation timeliness, portfolio compression, and portfolio reconciliation
- Third Party Risk Management monitoring and governing operational frameworks for managing third party risk.
- Privacy Laws and regulations
- Ability to identify, investigate and manage compliance matters
- Subject Matter Expertise and practical experience in mitigating risk associated with regulatory compliance
- Must be self-directed, organized, positive, driven, detail-oriented, and effective in a fast-paced, changing environment
- Attention to detail and strong follow-up skills
EXPERIENCE/SKILLS
A strong candidate for Federation Compliance will satisfy some or all of the following criteria:
- Bachelor's degree or higher required
- Degree in a related area (law, finance, risk, information security) a plus, but not required.
- 4-5 years or above relevant work experience either in compliance or in a risk management or control function role
- Knowledge of regulations, practices and markets infrastructure.
- Understanding of the global regulatory environment.
A strong candidate for Federation Compliance will possess the following skills:
- Risk management experience in Compliance, Legal, Audit, or related field
- Operational knowledge of financial service industry and products preferably in all or some of the below areas:
- Non-financial regulatory reporting across Asset classes
- Highly organized and inquisitive, with attention to detail and tenacity
- Strong analytical and problem-solving skills
- Strong relationship management skills with ability to deepen relationships and build partnerships across the stakeholders
- Detail-oriented and able to produce quality work product, even when working under tight time frames.
- Exceptional judgment skills- ability to identify and effectively escalate potential issues.
- Ability to handle multiple tasks simultaneously and excel under pressure.
- Good understanding of financial service regulators and their impact on investment banks
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.
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