Compliance - Vice President - Regulatory Audit Management for GSBE Divisional Compliance - Frankfurt

Goldman Sachs Group, Inc.; Frankfurt; Vor Ort; EUR 100.000 - 130.000; Vollzeit

Zusammenfassung

A major global investment bank is seeking a Vice President for Regulatory Audit Management based in Frankfurt. The role involves managing external audits, collaborating with various stakeholders, and enhancing internal controls. Candidates should have extensive Compliance experience, knowledge of EU regulations, and fluency in German and English. Success in this position requires a proactive attitude, strong analytical skillset, and the ability to communicate effectively with senior management and external regulators.

Leistungen

Competitive vacation policies

Health and wellness programs

Child care support

Financial wellness support

Qualifikationen

• Minimum 6 years of Compliance experience in financial markets.
• Experience dealing with regulators and regulatory audits.
• Fluent in German and English.

Aufgaben

• Manage external audit engagements from planning to reporting.
• Partner with business management to identify control issues.
• Develop recommendations to strengthen internal controls.

Kenntnisse

Compliance experience

Analytical skills

Communication

Risk management

Teamwork

Attention to detail

Ausbildung

University degree

Jobbeschreibung

Compliance - Vice President - Regulatory Audit Management for GSBE Divisional Compliance - Frankfurt

Job Description

We are looking for two VP-level candidates to join the Compliance team inGoldman Sachs Bank Europe SE (GSBE), our EU hub.

The roles are based in Frankfurt, reporting to the local Divisional lead and focussing on the management of the GSBE external regulatory audits carried out by BaFinto evaluate the effectiveness of the firm's internal controls, risk management, and governance.

Responsibilities include proactively managing and executing external audit engagements, collaborating with business stakeholders and other control functions, identifying and reporting control issues, and developing recommendations to strengthen internal controls, prevent and remediate findings as appropriate. The roles will also ensure appropriate integration of GSBE branches into the wider Divisional Compliance programme and control plan.

The roles require analytical skills, a strong understanding of risk and controls, and the ability to work both independently and as part of a global team.

WHO WE ARE

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 centres around the world.

The Global Compliance team 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 via 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.

The GSBE Compliance team is located in London, Paris, Frankfurt, Milan and Warsaw. Fostering cooperative and positive relationships within the EMEA Compliance teams and all the other functions in the various offices is paramount for the roles, as GSBE continues to expand its activities in continental Europe and beyond.

OUR COMMITMENT TO DIVERSITY & INCLUSION

Our people are our greatest asset – we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public. At the crux of our efforts is a focus on cultivating and sustaining a diverse work environment and workforce, which is critical to meeting the unique needs of our diverse client base and the communities in which we operate. We are committed to making progress toward racial equity, advancing gender equality, and increasing representation at every level of our firm.

JOB SUMMARY & RESPONSIBILITIES

The roles will proactively manage GSBE regulatory audits, interacting with a number of stakeholders and team members based in London, Frankfurt, Paris, Milan and Warsaw. The roles will closely interact with Divisional Compliance management and with the Head of GSBE Compliance to ensure transparent communication and effectively managed interactions with local regulators and exchanges.

KEY RESPONSIBILITIES

• Proactive audit management: manage external audit engagements from planning to reporting, ensuring timely and high-quality deliverables
• Partner with business management, risk, compliance colleagues and other control groups to identify control issues or areas which might potentially result in an audit finding
• Clearly communicate potential audit findings to management and present an overall opinion on the control environment and suggested finding remediation, as appropriate
• Develop recommendations to strengthen internal controls and identify opportunities for improvement
• Adhering to the Global Compliance Framework and supporting the execution of the Compliance programme, including with respect to risk assessments and designing/implementing appropriate controls
• Development and deployment of second line controls and partner with the first line to develop their controls to ensure timely detection of issues and risks. Ensuring reviews are being performed appropriately from a qualitative and timeliness perspective and provide challenge to the design, implementation and management of corrective actions
• Working with Legal, Controllers, Internal Audit, Technology, Operations (Client Onboarding) and other areas within Compliance (including the broader Divisional Compliance team), Regional Country Compliance and the business divisions to ensure prompt and coordinated resolution of compliance matters
• Assistance with the interpretation and implementation of new rules/regulation - assessing regulatory risks, regulatory changes and potential impact
• Collaborating with other Compliance areas and the business to produce responses to information requests ahead of regulatory audits/reviews/reports/questionnaires

KEY SKILLS AND QUALIFICATION

• University degree with minimum of 6 years of Compliance experience, ideally gained by working for a top-tier house or others with sophisticated market making/hedging business units and/or complex financing capabilities; Global Markets, and/ or Wealth Management experience preferred
• Experience with BaFin audits, Securities Trading Act/ WpHG and MaRisk / MaComp / framework is an asset
• Experience in dealing with regulators/regulatory audits/exchange enquiries
• Pro-active, self-motivated and well-organized
• Ability to communicate clearly complex issues; able to communicate with impact at senior levels and with external regulators
• Excellent understanding of the key EU regulations impacting financial markets (MiFID, MAR, Benchmarks, EMIR, AIMFD, UCITS, CRD, CSDR, ESG etc.)
• Fluent in German and English is a prerequisite
• Strong knowledge of the European regulatory environment and specifically the BaFin rules covered in German WpHG and MaRisk audits, including MiFID 2, MAR, MaComp, MAR, Benchmarks, EMIR, AIFMD, UCITS, CRD
• Attention to detail and independent, analytical thinking
• Ability to apply knowledge to complex situations
• Ability to obtain senior stakeholders’ buy-in in challenging situations
• Proven ability to navigate and build strong relationships in an international, cross-office environment across business, risk, and control partners, consistent with our EMEA footprint
• Ability to manage relationships with the business at all levels
• Team-oriented and supportive of others’ success; comfortable representing a teamwork product to stakeholders, aligned with the JD’s collaborative culture and cross-functional partnering
• Ability to make sound decisions, ability to identify, understand, and articulate risks associated with regulatory reporting, partnering with multiple stakeholders to mitigate and escalate risks appropriately, in line with the roles’ second line challenge and control development remit
• Strong integrity and professionalism

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.

We believe who you are makes you better at what you do. We’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

We believe who you are makes you better at what you do. We’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

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