Compliance, Swap Dealer Compliance, Associate, New York

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

Job summary

A leading financial services company seeks a Compliance Officer to enhance their Swap Dealer Compliance Program in New York. Responsibilities include advising on regulatory requirements, assisting in compliance management, and developing training. Ideal candidates will have extensive knowledge of CFTC, SEC, and NFA regulations, strong interpersonal skills, and a keen attention to detail.

Qualifications

• 4-8 years’ experience with CFTC, SEC, NFA regulations.
• Experience writing and implementing compliance policies.
• Strong ability to manage processes and communicate effectively.

Responsibilities

• Advise and enhance the Swap Dealer Compliance Program.
• Assist in regulatory inquiries and manage compliance reporting.
• Educate internal stakeholders on regulatory updates.

Skills

Interpersonal skills

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's degree

JD preferred

Tools

Excel

PowerPoint

Microsoft Office

Job description

Swap Dealer Compliance seeks a Compliance Officer to advise internal stakeholders on implementation and development of CFTC, NFA and SEC swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, metrics and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including Global Banking and Markets, Private Wealth Management and Corporate Treasury as well as with Compliance, Legal, Operations, Engineering, Risk, Finance and Audit stakeholders. Knowledge of SEC, CFTC & NFA swap regulations is preferred to uplift the compliance program and assist the firm’s swap dealing entities and their Chief Compliance Officers (CCOs) satisfy their obligations under relevant rules.

Responsibilities:

• Advise and implement enhancements to the overall Swap Dealer Compliance Program, including policies and procedures
• Assist in responding to regulatory inquiries, audits, examinations and investigations, and liaising with regulators (SEC, CFTC & NFA)
• Assist with the development and maintainenance of management reporting for Boards of Directors, CEOs and other senior stakeholders at the firm
• Support the CCOs in administering their duties to overseeing the firm’s Swap Dealer Compliance Program
• Assist in managing conflicts of interest and other issues that may arise in running the Swap Dealer Compliance Program
• Review and educate internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters
• Advise the business on regulatory requirements, developments and expectations across the swap dealer regimes including swap data reporting, business conduct, margin among other areas
• Serve as an escalation point and assist in remediating non-compliance issues
• Assist in drafting CCO annual reports for the firm’s swap dealer, futures commission merchant and security based swap dealer entities
• Assess the effectiveness of the relevant CFTC, NFA and SEC rules on a periodic basis together with obligations, risks and controls, including risk assessment activities
• Assist in developing monitoring and testing to review and challenge controls and implementation of obligations with Compliance and business teams, and work with Audit on their ongoing reviews
• Assist with the development of training for Associated Persons of the swap dealer and security-based swap dealer to educate and remind those employees of their obligations and expected behaviors

Qualifications:

• 4-8 years’ experience in and knowledge of CFTC, SEC, NFA swap dealer regulations
• Experience writing and implementing policies and procedures, management information and reports
• Product knowledge and regulatory experience within the OTC derivatives and securities-based swaps businesses a plus
• Assist with the monitoring, and testing of compliance programs
• Strong interpersonal skills and the ability to manage processes and drive change and accountability with key internal stakeholders
• Effective communicator with senior stakeholders both verbally and written, including experience delivering trainings
• Work effectively with personnel in different office locations and in different time zones
• Exceptional attention to detail and strong analytical skills
• Proficiency in Excel, Powerpoint, and Microsoft Office
• Bachelor’s degree level educated within a relevant field
• JD preferred but not required

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 .

About the company

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

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