Compliance, Private Wealth Management Compliance, Associate, Salt Lake City

MORE ABOUT THIS JOB

GLOBAL COMPLIANCEOur 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.

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

RESPONSIBILITIES AND QUALIFICATIONS

The role of Compliance within PWM is to partner with the business in order to conduct and supervise its business in compliance with regulations and firm policies, help to reduce the firm's regulatory and reputation risk, and reinforce the firm's culture of compliance. The successful candidate will be responsible for reviewing client contact summaries created by Private Wealth Advisors to ensure compliance with firm policies. The review process will mainly focus on ensuring Private Wealth Advisors are documenting the suitability of client investments, material discussions with clients about their portfolio or significant changes to the client's circumstances. Team members will also have the opportunity to manage projects, participate in firm wide initiatives, and conduct training.

Principal Responsibilities:

  • Conduct account trade and E-communication surveillance
  • Advise on rules, regulations and firm policies
  • Utilize surveillance systems to review notes for content, accuracy, and appropriateness
  • Identify, document and resolve potential compliance related issues
  • Create monthly reporting and present to leadership
  • Create efficiencies with existing surveillances
  • Interact with Divisional and Regional Compliance on various issues and projects
  • Interact with Private Wealth Management teams regarding client issues and inquiries

Basic Qualifications

  • 3-5 years experience preferred
  • Bachelor's degree required
  • Basic understanding of the fundamentals of the financial industry
  • Series 7, Series 9/10 preferred Skills and Characteristics:

Skills and Characteristics

  • High energy and focus with the ability to handle a variety of issues
  • Strong analytical skills
  • Attention to detail
  • Ability to exercise balanced judgment
  • Must work well in a team
  • Positive hands-on attitude
  • Excellent communication and influencing skills
  • Motivated and adaptable; ability to respond creatively and quickly in a fast-paced environment
  • Ability to manage client expectations and competing priorities

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2017. All rights reservedGoldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.


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