Financial Crime Controls

Goldman Sachs Bank AG; Warszawa; Hybrid; PLN 180,000 - 300,000; Full time

Benefits offered by this job

Healthcare & Medical Insurance

Generous vacation entitlements

Financial Wellness & Retirement

Health Services

On-site Fitness Centers

Child Care Support

Job summary

Goldman Sachs is seeking an Associate in Warsaw to support the Market Abuse Risk Assessment (MARA) within MSC. You will drive risk analyses, coordinate with Line Compliance, Engineering and regional teams to ensure surveillance controls remain effective and up to date.

The role offers exposure to multiple asset classes, strong analytical requirements, and opportunities to influence automated detection approaches across regions.

Qualifications

• Bachelor’s degree in finance or related field.
• Approximately 5 years of experience in financial services or risk/compliance roles.
• Strong analytical, written and verbal communication skills.

Responsibilities

• Lead MARA risk assessment activities and coordinate with MSC and Line Compliance.
• Document Inherent Risk, Control Suite and Residual Risk rationales in internal systems.
• Host monthly MARA change management discussions with stakeholders.
• Identify and propose improvements to detection rules and risk scenarios.
• Collaborate with business teams to define enhanced surveillance coverage.
• Understand Equities and Fixed Income flows and challenge risk assumptions.
• Prepare detailed risk reports and presentations for senior management.

Skills

Financial markets knowledge

Risk assessment

Communication & collaboration

Education

Bachelor’s Degree

Job description

Compliance-Markets Surveillance Compliance, Market Abuse Risk Assessment & Governance, Associate, Warsaw location_on Warsaw, Mazowieckie, Poland

OUR IMPACT

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.

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/policy related risks.

The MSC team consists of three key pillars: (i) Risk Assessment, (ii) Design & Development and (3) Investigate & Escalate to develop and enhance detective controls for market abuse risks. MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Team members are responsible for reviewing a set of surveillance reports and interacting with Line Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues to provide data and respond to requests from the various regulatory bodies that oversee our business lines.

To ensure appropriate control effectiveness and development, the Market Abuse Risk Assessment (MARA) team performs annual risk assessments and real-time change management reviews to assess the likelihood of risk impact and surveillance effectiveness enhancements to the MSC program. This open role is specific to the MARA team within MSC.

Additionally, MSC works closely with Line Compliance, Financial Crime Compliance, Regulatory Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, the team aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.

YOUR IMPACT

Key Responsibilities

Lead divisional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to MSC surveillance teams, Line Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA. This will require detailed technical knowledge of the different market abuse behaviors/indicators that the firm is exposed to and the most appropriate/effective way to monitor them.

Perform risk assessment analysis, including but not limited to, documentation of Inherent Risk, Control Suite and Residual Risk rationales through internal systems .

Lead monthly calls with Line Compliance and MSC stakeholders to review MARA change management analysis.

Where applicable, help to prioritize risks and products where there is a need to improve control ratings. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it.

Work with other stakeholders (including Line Compliance and the business) on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate.

Be familiar with business flows across Equities and Fixed Income and challenge existing assumptions relating to risks and controls, as appropriate.

Prepare detailed reports and presentations to communicate risk findings and recommendations to stakeholders, including senior management and other departments.

Perform management reporting on a weekly, monthly and quarterly basis.

Strive to create a consistent approach across businesses, products and regions, as appropriate.

Basic Qualifications

• Bachelor’s Degree
• Approximately 5 years of experience in financial services with a strong understanding of financial products

Preferred Qualifications

• Interest in compliance laws, rules, regulations, risks and typologies
• Experience with Risk and Control Self Assessments (RCSA) frameworks and processes
• Motivated by learning and continuous improvement
• Ability to learn quickly, work independently, form own judgment/opinions, provide insights and drive change
• Proactive with strong analytical, interpersonal and communication skills (written and verbal) and ability to work effectively with colleagues in other regional offices
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Strong attention to detail
• Strong academic background, preferably in quantitative fields such as mathematics, computer science, engineering or statistics
  

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.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

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 Services

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).

Child Care & Family Care

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.