Business Unit Compliance

Goldman Sachs Bank AG; New York, Northern (NY, KY); Hybrid; USD 150,000 - 210,000; Full time

Benefits offered by this job

Health insurance

Retirement planning support

On-site health centers

Employee assistance program

Child care facilities

Job summary

Goldman Sachs is seeking a Vice President in Asset Management Compliance to support the External Investing Group (XIG). You will provide day-to-day compliance coverage, advise on regulatory considerations, and help implement firm-wide policies and training.

The role involves engaging with senior investment, operations and sales personnel, evaluating new initiatives, and ensuring adherence to applicable securities laws.

Qualifications

• Bachelor’s Degree, JD or MBA required.
• 5–8 years of compliance, legal, regulatory or financial services experience.
• Excellent communications skills.
• Ability to handle multiple tasks under pressure.

Responsibilities

• Provide day-to-day line compliance coverage for XIG, advising on regulatory compliance.
• Assess new business initiatives and coordinate with stakeholders.
• Develop, draft and maintain compliance policies and procedures.
• Conduct due diligence on prospective transactions for regulatory, legal and reputational risks.
• Create and implement compliance training programs.
• Review and advise on marketing materials.
• Perform forensic testing, oversight and surveillance of compliance risks.
• Assist with regulatory examinations, audits and inquiries.

Skills

Excellent communications

Ability to multitask

Education

Bachelor’s Degree, JD or MBA

Job description

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.

Asset Management Compliance

The Goldman Sachs Asset Management Compliance team is seeking a Vice President to support the External Investing Group ("XIG"). XIG is a leading external manager platform with expertise and global scale across the risk-return spectrum. Its mission is to leverage our insight, expertise, and network to connect our investors to sought-after opportunities with in alternative strategies (hedge fund, private credit, private equity, and real estate), and traditional strategies (for example, fixed income and public equities).

The role features an opportunity to engage on daily basis with senior investment, operations and sales personnel in an advisory and implementation capacity relating to investing, fundraising, ongoing business operations. The ideal candidate will have a strong interest in understanding Asset Management’s business, investing and operational processes and applicable regulatory requirements such as the Investment Advisers Act, and other securities laws.

RESPONSIBILITIES

• Provide day-to-day line compliance coverage for XIG, acting as compliance adviser to the business. Advise on how to conduct the firm’s business in a manner that complies with the vast array of rules, regulations, and regulatory expectations
• Assess new business initiatives and coordinate with interested stakeholders
• Develop, draft and maintain compliance policies and procedures outlining firm requirements, regulations and best practices
• Conduct due diligence on prospective transactions, including review of third party managers and private companies for potential regulatory, legal and reputational risks
• Create and implement compliance training programs
• Review and advise on marketing materials
• Perform forensic testing, oversight and surveillances to assess compliance risks and breaches
• Assist with regulatory examinations, audits and inquiries

Analyze new or amended laws, rules and regulations in order to formulate practical solutions to industry-wide issues

QUALIFICATIONS

Bachelor’s Degree, JD or MBA

5 - 8 years compliance, legal, regulatory or financial services industry experience

Excellent communications skills

Ability to handle multiple tasks simultaneously and work under pressure

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

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.

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.