Compliance, Regulatory Audits and Inquiries Group, Associate/Vice President
Our business principle #2 states: “We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us. Our continued success depends upon unswerving adherence to this standard.”
It is the role of Goldman Sachs’ Global Compliance Division to help ensure that every employee and client of the firm upholds this principle. Accordingly, the Division is viewed as an integral part of the firm, enabling it to conduct business confidently in extremely complex global markets.
Part of the Global Compliance Division, the firm’s Regulatory Audits & Inquiries team (“A&I”) is a dynamic, global team of nearly 50 professionals charged with interfacing with regulators on regulatory audits and inquiries received in jurisdictions worldwide. The team is also responsible for working with stakeholders throughout the firm to help ensure the efficacy of firm controls, policies and procedures relating to regulatory requirements. Led by a Global Head in New York, the team has members in Bangalore, Hong Kong, Jersey City, London, New York, Salt Lake City, Sydney and Tokyo.
The A&I team for the Americas is looking for a talented individual to join its New York team.
The A&I team for the Americas coordinates, on behalf of Goldman Sachs, responses to requests for information received by the firm from U.S. financial industry regulators, including the SEC, CFTC, FINRA and NFA, but excluding the Federal Reserve. (The team also periodically responds to requests for information from foreign regulators.) The majority of requests handled by the A&I team seek to test and/or confirm Goldman Sachs’ compliance with the laws and regulations applicable to its many businesses.
As the liaison between the firm and its regulators on matters of regulatory compliance, members of the A&I team work closely with business, compliance and legal teams throughout the firm. While working to respond to regulatory requests – be they inquiries or exams – A&I team members (i) research applicable rules and interpretive guidance, (ii) form and coordinate working groups of relevant firm personnel, (iii) interface with regulators regarding the information requests and the firm’s response, (iv) conduct informational interviews and gather responsive documentation, (v) prepare written responses to the information requests, (vi) coordinate in-person meetings with regulators as appropriate, (vii) manage a docket of multiple information requests, and (viii) monitor the firm’s progress in completing undertakings made to regulators during the course of inquiries and exams, among other responsibilities.
A professional in the Regulatory Audits & Inquiries consultant role must have the ability to:
- Leverage strong communication and relationship-building skills in frequent interaction with other areas of the firm and regulators
- Grasp and keep abreast of relevant law, rules and policies
- Conduct expert research and data gathering
- Apply excellent analytical abilities to research and draft comprehensive, accurate and persuasive responses to diverse regulatory requests for information
- Effectively and efficiently conduct business by phone with bother internal and external stakeholders
- Review trading activity, market data and surveillance reports to assess compliance with federal securities laws and SRO rules
- Suggest potential corrective actions to address regulatory issues surfaced during the course of exams and inquiries
- Organize and maintain large quantities of data and documentation in a dynamic environment
- Be unfailingly detail-oriented, so as to consistently produce accurate work product
- Work independently and exercise strong judgment when executing an assigned task
- Multi-task and have the ability to manage and advance multiple projects simultaneously
- Identify and effectively escalate potential issues to appropriate person(s)
- Meet tight deadlines and comfortably operate in the face of time constraints
- Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded
Basic Qualifications• At least 3 years of relevant industry experience, either with a financial institution or industry regulator, focused on regulatory compliance with respect to either (i) fixed-income products, or (ii) options products (listed and OTC)
- Strong product knowledge
- B.A. or equivalent
- Expertise with Microsoft Word, Excel and PowerPoint
- Business-level fluency in English language, both orally and in writing
- Excellent time management, analytical and communication skills
- Integrity, motivation, intellectual curiosity and enthusiasm
Preferred Qualifications• Study of Economics, Finance or Pre-Law preferred
- J.D., M.B.A., or other relevant advanced degree preferred
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.
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