• Compliance, Securities Division Compliance, Monitoring and Surveillance, Analyst

    Location(s) US-UT-Salt Lake City
    Job ID
    2019-53911
    Schedule Type
    Full Time
    Level
    Associate
    Function(s)
    Compliance
    Region
    Americas
    Division
    Compliance
    Business Unit
    Securities Division Compliance
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    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. 

     

    BUSINESS UNIT OVERVIEW

     

    The Securities Division Compliance Monitoring and Surveillance team (”SMS”) is part of the Securities Division Compliance team which provides compliance coverage and support to the Equities and FICC (Fixed Income, Currency and Commodities) Sales and Trading businesses.

     

    SMS’s primary function is to manage compliance and regulatory risk through the development and oversight of controls.

     

    SMS helps identify and prioritize the compliance and regulatory risks across the Securities Division businesses, and works to develop and/or enhance appropriate risk control measures to mitigate such risks. The controls include preventative front-end trading system controls and processes, surveillance reports and processes, and management information systems. Post development, SMS performs surveillance reviews and maintains oversight of such controls to ensure the continuing integrity, relevance and proper performance of those controls. On a daily basis, team members are responsible for reviewing a set of surveillance reports and interacting with line compliance and the business to determine whether an exception can be closed or requires further escalation.  Team members also work with colleagues in Audits and Inquiries to provide data and respond to requests from the various regulatory bodies that oversee our business lines. 

     

    SMS works closely with the Business, Line Compliance and Technology as well as other groups within the Firm.

     

    SMS has team members globally across the US, EMEA and Asia, and as such, aims to bring a global perspective and globally co-ordinated approach as well as customized solutions to mitigate local regulatory risks.

     

    RESPONSIBILITIES AND QUALIFICATIONS

    RESPONSIBILITIES

     

    Development of Controls

    Partner with Business Personnel, Compliance Officers, and Compliance Technology to develop and/or enhance system controls, surveillances and associated procedures and training.

     

    Apply a consistent approach across businesses, products and regions.

     

     

    Oversight of Controls

    • Perform surveillance reviews and discuss exceptions with Business Personnel and Compliance Officers.
    • Monitor that surveillance reviews are being performed properly from a qualitative and timeliness perspective.
    • Provide training on performance of specific surveillances.
    • Oversee exception reviews generated by detective controls.
    • Identify enhancements to existing controls. Test the integrity of system controls and surveillance reports by participating in testing programs and validating test results.
    • Participate in periodic risk assessments. 

    Management Information Systems

    • Develop and/or enhance systematic processes for escalating issues.
    • Develop and/or enhance tools to track repeat offenders and identify patterns of problematic activity across businesses, products and regions.
    • Coordinate issues, findings and practices with colleagues across regions and/or divisions.
    • Management reporting.
    • Reporting of exception reviews generated by detective controls.

     

    SKILLS / EXPERIENCE:

    • Previous experience in Compliance, Surveillance, Internal Audit or other control function.
    • Working knowledge of securities markets, businesses, products.
    • Working knowledge of securities and exchange rules and regulations.
    • Knowledge of detection logic and surveillance development.
    • Preferred knowledge of sales and trading system functionality.
    • Inquisitive and proactive in identifying risks and proposing solutions.
    • Good interpersonal skills and excellent written/oral communication skills.
    • Ability to work with a variety of senior and junior people, and build smooth working relationships.
    • Highest attention to detail.
    • Good team player - one who is able to prioritize in a fast moving, high pressure, constantly changing environment.
    • Entrepreneurial inclination - ability to work alone and act as project manager.
    • Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment.
    • Ability to handle multiple tasks simultaneously and work under tight deadlines.

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.