• Compliance, Securities Division Compliance – Equities, Analyst

    Location(s) US-NY-New York
    Job ID
    2019-56445
    Schedule Type
    Full Time
    Level
    Analyst
    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

     

    Job Description

     

    The role of a Securities Division Compliance officer is to assist the firm in preventing, detecting and mitigating compliance, regulatory, and reputational risk within the Securities Division 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. Divisional Compliance provides coverage support to the Division’s functional (including sales, trading, and capital markets) and product areas (fixed income, equities, options, etc.), while working closely with other firm departments, including Finance, Operations, Technology, Internal Audit and Legal.

     

    Responsibilities

    • Cover Securities Division Equities business personnel (including sales and trading) and provide advice on how to conduct the firm’s business in a manner that complies with the vast array of rules, regulations and regulatory expectations
    • Develop, draft and maintain Compliance policies and procedures outlining firm requirements, regulations and best practices
    • Create and implement Compliance training programs for Equities professionals
    • Perform look-backs, 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
    • Coordinate with the business, Legal, Technology and other divisions across the firm on new desk initiatives

    Qualifications

    • Bachelor’s Degree
    • 0 - 2 years Compliance, Legal, Regulatory or Financial Services industry experience
    • Excellent communications skills (oral and written)
    • Knowledge of general trading rules and regulations (SEC, FINRA, NYSE, Nasdaq, CBOE, etc.) preferred
    • Ability to handle multiple tasks simultaneously and work under pressure

    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.