• Compliance, Compliance Testing Group, Associate/Vice President

    Location(s) US-NY-New York
    Job ID
    2020-60119
    Schedule Type
    Full Time
    Level
    Associate, Vice President/Executive Director
    Function(s)
    General
    Region
    Americas
    Division
    Compliance
    Business Unit
    Compliance Testing Grp
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    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. 

    RESPONSIBILITIES AND QUALIFICATIONS

    Business Unit and Role Overview

     

    Compliance Testing Group ("CTG") is seeking an individual who is a self-starter who exudes energy, curiosity, and enthusiasm to conduct compliance testing reviews covering the various firm businesses and divisions.  The principal objective of CTG is to create and execute detailed testing to assess compliance with regulations and firm policies, working closely with Compliance and business management to refine firm processes.  CTG's global team (with locations in New York, Salt Lake City, London, Warsaw, Tokyo, Singapore, Bengaluru, and Hong Kong) is comprised of individuals with varying backgrounds and experience (former auditors, accountants, regulators, prosecutors, compliance professionals, lawyers and traders).  The individual will work closely with Compliance and business management, and gain an understanding of both the firm's businesses and the rules and regulations under which the firm operates. 

     

    This is an exciting opportunity for an individual who enjoys investigative work and possesses deep knowledge of sales and trading, portfolio management and/or risk management functions across a variety of asset classes.  An ideal candidate will leverage their prior experience in sales and trading, strategist, market risk, product controllers, legal, or audit 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:

    • Propose methods of testing and execute plans discussed and agreed with a team leader
    • 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 FINRA rules, SEC rules, and the Investment Company Act of 1940
    • Knowledge of products, the securities business and sales practice/market conduct rules and regulations, i.e., prior experience in sales and trading, product controllers, compliance, legal, regulatory, audit or risk management functions
    • Excellent interview, presentation, written communication, time management, and analytical skills
    • Integrity, motivation, intellectual curiosity, and enthusiasm
    • Knowledge of Microsoft Word and Excel; additional knowledge of Access, Alteryx and PowerPoint is useful

     

    Preferred Qualifications

    • Deep understanding of the products offered by the Equities, Foreign Exchange, Interest Rates, Commodities or Credit Markets trading desks
    • Financial instruments product knowledge (a Financial Engineering qualification, CFA, PRMIA or FRM qualifications)
    • Experience in the financial services industry, either working for an investment manager, broker dealer, law firm, accounting    firm, or regulator
    • Understanding of risk management, accounting, information technology systems! , and standard system implementation methodologies
    • Fluency in French, Spanish, German, Italian, Portuguese, Japanese, Korean, or Mandarin Chinese 

    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., 2020. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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