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
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.
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.