Operations-FRANKFURT-Associate-Regulatory and Control Operations

Operations-FRANKFURT-Associate-Regulatory and Control Operations

Pay Competitive

Location Frankfurt/Hesse

Employment type Full-Time

Job Description

Req#: 111352

OPERATIONS

Operations division is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.

RESPONSIBILITIES AND QUALIFICATIONS

YOUR IMPACT

We’re looking for a professional individual who wants to apply their financial market knowledge and further develop their understanding of a growing sector of the financial markets at the heart of regulatory reform. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have the platform to significantly impact their environment and the wider business.

Our team is seeking a professional who is looking to collaborate with multiple stakeholders to improve the firm's compliance rates across various obligations.

OUR IMPACT


REGULATORY OPERATIONS

Our team of critical thinkers partners with groups in all areas of the firm to perform financial analytics and reporting as well as data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation and risk management.

We are a globally located team that exists to ensure that the firm fulfills a wide range of non-financial regulatory reporting obligations.

Regulatory Operations team is responsible for reporting to external stakeholders in the EMEA region, including the reporting and monitoring of trade, transaction and position information across a wide range of traded financial products and business lines as well as ensuring compliance with Client Assets regulations. The characteristics of the team have to marry the firm’s culture of teamwork and diligence with the nature of regulatory obligations: ever changing with a need for precision and fast turnaround.

HOW YOU WILL FULFILL YOUR POTENTIAL

Responsibilities include the following:

• Develop expert knowledge in Regulatory requirements, processes and systems across global jurisdictions, especially in German Client Asset rules
• Oversee the implementation efforts of new rules or changes within existing obligations
• Provide oversight of the impact assessments done for new markets, new products, business reorganizations, system changes and new/changed regulations
• Investigate, remediate and provide supervisory guidance on issues with these reports and develop control improvements
• Improve current processes, procedures and reports including automation of manual processes
• Contribute to strategic initiatives relating to these reports, for example strategic Technology developments
• Define and provide supervisory oversight for comprehensive project documentation in support of strategic initiatives and change management including: business/functional requirement documents, process flow diagrams and comprehensive data analysis
• Work with Legal, Compliance, Technology, other Operations groups and various Business units to manage change programs and issue resolution
• Act as a risk manager for the firm through ongoing assessment and awareness of the regulatory environment and the firm’s adherence to its reporting obligations
• Be flexible to contribute to other activities within the group where necessary, e.g. daily report production
• Actively participate in industry forums and working groups and partner with Federation group to drive industry discussions
• Proactively assist the business, operations, compliance, and IT management in understanding the impact of business initiative;
• Maintain relationships with Regulators, Self-regulated bodies, Vendors and Auditors

SKILLS & EXPERIENCE WE ARE LOOKING FOR


BASIC QUALIFICATIONS

• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail,
• Strong communication skills to clearly articulate issues and ideas and provide timely escalation – able to present with impact and influence, confidence to interact with auditors and regulators,
• Good interpersonal skills to build strong relationships with key stakeholders within and outside of Operations,
• Good influencing skills to work with the Operations team in challenging the status quo and continuously enhancing the control environment required,
• Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities within deadlines,
• Flexible and able to work well under pressure in a team environment,
• Proficiency in Microsoft Office applications,
• Active interest in understanding and learning about the global financial markets.

PREFERRED QUALIFICATIONS

• Experience in an Operations Control Environment,
• Working knowledge about financial markets, regulatory landscape and associated processes, including the lifecycle of a trade,
• Experience with regulatory reporting, Client Assets obligations, and interaction with regulators / auditors,
• Working experience and Interest in data analysis, process automation, big data or non-technical process efficiencies / BI tools
• Working knowledge of project management and business analysis,
• German language proficiency

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

The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City.

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