Market Surveillance Compliance Analyst

Goldman Sachs Services Pvt Ltd; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Goldman Sachs seeks an Analyst in Bengaluru Markets Surveillance Compliance to support MARA analyses, assess market abuse risks across equities and fixed income products, and assist in developing and testing surveillance controls. You will collaborate with compliance, engineering, and regional teams to communicate findings and support remediation efforts.

The role emphasizes data analysis, documentation, and reporting, with opportunities to grow expertise across risk assessment and surveillance

Qualifications

• Bachelor’s degree in a quantitative, financial, or analytical field.
• Up to four years of relevant experience in financial services, compliance, risk, data analytics, or related.
• Interest in financial markets and products; strong written and verbal communication.

Responsibilities

• Support MARA analysis, document risk assessments and rationales.
• Analyze market abuse indicators across businesses and products.
• Assist in MARA change management assessments and impact reviews.
• Review surveillance controls and identify gaps or areas for improvement.
• Support design of surveillance controls through data analysis of orders and trades.
• Test surveillance changes and review results for exceptions.
• Develop surveillance scenarios with guidance from senior team members.
• Learn Equities and FICC product flows and related risks.
• Research regulatory developments to support risk assessment activities.
• Prepare concise risk assessments and governance materials for decision making.

Skills

Analytical skills

Problem solving

Communication skills

Detail oriented

Ability to work independently

SQL

Python

Excel

Education

Bachelor's degree

Tools

Excel

SQL

Python

Job description

Compliance- Markets Surveillance -Analyst- Bengaluru Markets Surveillance Compliance – Market Abuse Risk Assessment & Surveillance Development – Analyst Markets Surveillance Compliance (MSC) has primary responsibility for the development and execution of the firm’s trade surveillance program, focused on market manipulation, insider trading, and regional or policy-related risks. Team Background MSC operates across three key pillars: (i) Risk Assessment, (ii) Design & Development, and (iii) Investigate & Escalate. Together, these functions support the identification and assessment of market abuse risks, the design and enhancement of surveillance controls, and the review and escalation of surveillance alerts. This role sits within the Risk Assessment and Design & Development pillars of MSC. The team assesses market abuse risks across the firm’s businesses and products, evaluates the associated surveillance control environment, and supports the design and enhancement of surveillance controls where opportunities for improvement are identified. The team performs periodic Market Abuse Risk Assessments (MARA) and change management reviews arising from developments in business activity, products, markets, regulations, and surveillance controls. It also supports surveillance development and enhancement by analyzing market abuse behaviors, order and trade data, detection logic, parameters, and thresholds, and testing proposed changes. The team works closely with Line Compliance, Surveillance Teams, Compliance Engineering, and other stakeholders across the Americas, EMEA, and APAC. This provides broad exposure to financial markets and products, market abuse typologies, data analysis, surveillance methodologies, technology, and regulatory requirements. This role provides an opportunity to develop expertise across the full surveillance lifecycle, from assessing market abuse risk to analyzing, testing, and enhancing the controls designed to detect those risks.

Key Responsibilities

• Support the execution and ongoing maintenance of MARA, including the analysis and documentation of Inherent Risk, Control Suite, and Residual Risk assessments and associated rationales.
• Develop knowledge of market abuse behaviors and indicators and analyze how these risks may arise across different businesses, financial products, and trading activities.
• Support MARA change management assessments arising from changes in business activities, products, markets, regulations, or surveillance controls, and assist in evaluating their impact on existing risk and control assessments.
• Analyze the surveillance control environment to understand how identified market abuse risks are addressed and identify observations, potential gaps, or areas requiring further review.
• Support the design and enhancement of surveillance controls through analysis of order and trading behaviors, surveillance logic, detection criteria, parameters, thresholds, and other relevant data.
• Perform data analysis and testing to assess the operation and effectiveness of new or existing surveillance controls, including the review of detection results, alert volumes, and the impact of proposed changes.
• Execute defined testing for surveillance enhancements, review results, identify exceptions or unexpected outcomes, and document findings for further assessment.
• Support the development of new or enhanced surveillance scenarios by conducting research, analyzing data, and evaluating potential approaches under the guidance of experienced team members.
• Develop familiarity with Equities and FICC products and trading flows and build an understanding of how market abuse risks and surveillance approaches may differ across products and markets.
• Conduct research into relevant market abuse regulations, regulatory developments, and industry practices to support risk assessment and surveillance development activities.
• Prepare clear and concise risk assessments, analytical summaries, testing documentation, presentations, and governance materials to communicate findings and support decision-making.
• Collaborate with Line Compliance, Surveillance Teams, Compliance Engineering, and other stakeholders to progress risk assessments, surveillance enhancements, testing, and remediation activities.
• Support weekly, monthly, and quarterly management reporting, and maintain accurate records of risk assessments, surveillance changes, issues, and associated remediation activities.

Basic Qualifications

• Bachelor’s degree.
• Up to four years of relevant professional experience in financial services, compliance, risk, data analytics, technology, audit, or related field.
• Interest in financial markets and the ability to develop an understanding of financial products and trading activities.
• Strong analytical and problem‑solving skills, with close attention to detail.
• Strong written and verbal communication skills.

Preferred Qualifications

• Interest in compliance laws, rules, regulations, market abuse risks, and typologies.
• Motivation to learn and continuously improve, with the ability to develop knowledge of unfamiliar products, risks, and processes.
• Ability to work independently on assigned analysis, form evidence‑based observations, and escalation issues or seek guidance when appropriate.
• Proactive approach, with strong analytical, interpersonal, and communication skills and the ability to work effectively with colleagues in other regional offices.
• Strong organizational skills and the ability to manage multiple priorities effectively.
• Academic background in a quantitative, financial, or analytical discipline such as finance, economics, mathematics, computer science, engineering, or statistics.
• Familiarity with analytical tools or programming languages such as Excel, SQL, or Python would be beneficial but is not essential.

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 are committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: Goldman Sachs disability statement © The Goldman Sachs Group, Inc., 2021. All rights reserved. Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity