Compliance, GBM Public Compliance -Equities, Prime Services, Vice President

Goldman Sachs, Inc.; New York (NY); On-site; USD 100,000 - 250,000; Full time

Job summary

Goldman Sachs is seeking a Global Banking & Markets Public Compliance officer to help mitigate compliance and regulatory risks within their business practices. The ideal candidate will provide day-to-day compliance coverage while ensuring adherence to industry regulations and internal policies. This role requires sound judgment and excellent communication skills, suited for individuals with extensive experience in the regulatory landscape.

Benefits

Discretionary bonus eligibility

Comprehensive benefits and wellness offerings

Qualifications

• 6+ years of experience in Compliance, Legal, Regulatory, or Financial Services.
• Knowledge of regulatory requirements for broker-dealers and swap dealers.
• Experience managing regulatory projects.

Responsibilities

• Provide day-to-day Compliance coverage for Prime Services.
• Develop and maintain Compliance policies and procedures.
• Assist with regulatory examinations and inquiries.

Skills

Excellent communications skills

Sound judgment

Ability to prioritize tasks

Education

Bachelor's Degree

Job description

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.

Position Overview :

The role of a Global Banking & Markets Public Compliance officer is to assist the firm in preventing, detecting and mitigating compliance, regulatory, and reputational risk within the Global Banking & Markets Public business by articulating and maintaining the standards of conduct required of the firm's businesses as well as the laws, regulations and policies governing those businesses. This business-aligned compliance role provides both functional coverage to its aligned business Prime Services as well as general compliance for the product areas covered within those businesses, while working closely with other firm departments including Legal, Risk, Finance, Operations, Technology, and Internal Audit.

Responsibilities :

• Provide day-to-day line Compliance coverage for the Global Banking & Markets Equities Prime Services businesses including coverage of Prime Brokerage Sales, Client Services, Securities Lending, Capital Introduction, and Business Consulting Services teams
• Advise on how to conduct the firm's business particularly focused on Prime Brokerage client activity in a manner that complies with the vast array of rules, regulations, and regulatory expectations
• Assess new business initiatives and coordinate with interested stakeholders to support the firm's overall governance framework
• Represent Compliance in broad-based cross-divisional projects supporting regulatory requirements
• Develop, draft and maintain Compliance policies and procedures outlining firm requirements, regulations and best practices
• Create and implement Compliance training programs for Equities professionals
• Assist with regulatory examinations, audits and inquiries
• Perform oversight of surveillances and programmatic reviews to assess Compliance risks and breaches
• Analyze new or amended laws, rules and regulations to formulate practical solutions to industry-wide issues
• Evaluate compliance risks and assist in developing compliance action plans through the firm's Compliance Risk Assessment

Qualifications :

• Bachelor's Degree
• 6+ years Compliance, Legal, Regulatory or Financial Services industry experience
• Knowledge of rules and regulations governing broker-dealers, swap dealers, and other regulated financial services entities (SEC, CFTC, FINRA, NFA, NYSE, Nasdaq, CBOE, ISE, etc.)
• Regulatory experience within the Prime Services based businesses a plus
• Understanding of equities, fixed income and securities lending, market conventions preferred
• Excellent communications skills (oral and written) that demonstrate control-side empowerment
• Experience leading, managing, and participating in regulatory projects and business initiatives requiring compliance input.
• Proven ability to handle and prioritize 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

The Goldman Sachs Group, Inc., 2023. All rights reserved.

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.

Salary Range

The expected base salary for this New York, New York, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

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.

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