Compliance, Electronic Trading Compliance, Associate

eFinancialCareers; New York (NY); On-site; USD 85,000 - 140,000; Full time

Job summary

A leading financial firm seeks a candidate for an Electronic Trading Compliance role. This position involves overseeing compliance with regulations regarding electronic trading, requiring strong analytical and communication skills. Successful applicants will have a proactive approach and the ability to adapt within a fast-paced environment.

Benefits

Competitive Benefits

Wellness Offerings

Qualifications

• 3+ years relevant experience in Compliance.
• Knowledge of broker-dealer regulatory compliance.
• Background in Financial Engineering or Computer Science is a plus.

Responsibilities

• Drive strategic deliverables within the Electronic Trading Compliance program.
• Perform risk-based assessments of electronic trading activities.
• Collaborate with global teams to implement governance and controls.

Skills

Teamwork

Project Management

Communication Skills

Analytical Skills

Education

Undergraduate Degree

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.

RESPONSIBILITIES

The role requires individuals to help drive key strategic deliverables within the Electronic Trading Compliance program within Global Banking & Markets - Public Compliance and will allow individuals to develop subject matter expertise in electronic trading activities (including algorithms) across asset classes and markets. The role will help individuals understand business and regulatory concerns and devise control mechanisms to improve our control structure and review and oversee an appropriate governance framework within the program. This role requires the individual to be self-motivated, an excellent communicator, work well within a team environment, and be able to apply sound judgment to drive solutions in a fast-paced environment.

This individual's responsibilities will include

• Assist in the overall Electronic Trading Compliance program deliverables including project management, tracking key initiatives and other team-related deliverables
• Assist and provide subject matter expertise on governance of market conduct, operational and regulatory risk related to algorithmic and other electronic trading activities
• Work with others to perform risk-based assessments of electronic trading activities as it relates to market access
• Perform risk-based assessment of algorithmic trading logic as it relates to regulatory risk
• Advance governance and control frameworks to manage risks in electronic trading
• Collaborate with business, legal and compliance colleagues globally to implement governance and controls
• Evaluate risks and provide compliance advice to business personnel with regards to the rules, regulations, internal policies and appropriate risk mitigation mechanisms
• Track and manage pipeline for compliance reviews
• Actively monitor regulatory developments and trends, and assist with the interpretation and implementation of new rules/regulations and related controls
• Coordinate responses to regulatory reviews and inquiries
• Help develop and deliver training as part of ongoing Compliance training program

A successful individual will bring deep expertise in electronic trading with knowledge of market structure. The candidate must demonstrate high level of initiative, ability to effectively probe and analyze complex situations, and apply sound judgment to resolve issues in a timely manner with minimal supervision.

SKILLS / EXPERIENCE

• An undergraduate degree is required
• Strong teamwork and project management skills and a self-starter
• Knowledge of broker-dealer regulatory compliance including FINRA, NYSE and SEC regulations
• At least 3+ years of relevant work experience preferably in Compliance (electronic trading or FICC/Equities experience is preferred, but not required)
• Background in Financial Engineering, Computer Science, Engineering or similar degree is a plus, but not required
• Background in Equities and/or Compliance considerations with trading algorithms is a plus, but not required
• Strong written and verbal communication skills and an ability to work well under the pressures of trading environment
• Ability to work independently and apply judgment to resolve issues in a timely manner

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., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $85000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here .