Compliance, Regulatory Practice Group, Associate/Vice President
MORE ABOUT THIS JOB
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.
ABOUT THE TEAM
Part of the Global Compliance Division, the firm's Regulatory Practice Group (RPG) is a dynamic, global team 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 globally from New York, the team has members in Bangalore, Hong Kong, Jersey City, London, New York, Salt Lake City, Sydney and Tokyo.
The RPG 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 and self-regulatory organizations, including the SEC, CFTC, FINRA and NFA. The team also periodically responds to requests for information from foreign regulators. The majority of requests handled by RPG 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 RPG team work closely with business, compliance and legal teams throughout the firm. While working to respond to regulatory requests – be they inquiries or exams – RPG 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 on the RPG team 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 both 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
RESPONSIBILITIES AND QUALIFICATIONSBasic Qualifications
- At least 3 years of relevant industry experience, either with a financial institution, industry regulator, or self-regulatory organization • 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
- Experience with swaps and/or futures products and related regulations preferred • Study of Economics, Finance or Pre-Law preferred • J.D., M.B.A., or other relevant advanced degree preferred
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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