• Compliance, Federation Compliance, Vice President

    Location(s) US-UT-Salt Lake City
    Job ID
    2019-57528
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Compliance
    Region
    Americas
    Division
    Compliance
    Business Unit
    Federation Compliance
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    GLOBAL COMPLIANCE AT GOLDMAN SACHS

     

    At Goldman Sachs, the mandate of Global Compliance is to prevent, detect and mitigate compliance, regulatory, and reputational risk across the firm and help to strengthen the firm’s culture of compliance. Compliance accomplishes this mandate 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. Compliance provides advice on how to conduct the firm’s business in a manner that complies with the vast array of rules, regulations and regulatory expectations around the globe. Importantly, Compliance plays a key role in reviewing and effectively challenging transactions presenting compliance or reputational risks.

     

    BUSINESS UNIT AND ROLE OVERVIEW

     

    Federation Compliance provides compliance coverage to the Operations, Technology, Finance, Risk, Services and Human Capital Management divisions (“the Federation”).  This includes:

    • Conducting risk identification, measurement and assessment
    • Monitoring for compliance with laws, rules, regulations and policies, including the identification and investigation of conduct related issues
    • Participating in firm responses to regulatory examinations, audits and inquiries
    • Performing surveillance and investigations of business activities of the above-referenced Federation groups
    • Testing the effectiveness of controls
    • Writing policies and procedures
    • Communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiatives

    RESPONSIBILITIES AND QUALIFICATIONS

     

    ROLE AND RESPONSIBILITIES

     

    As part of the Americas Federation Compliance, you will cover the Federation groups located in the Americas office locations (New York/New Jersey, Salt Lake City, Dallas) as well as be a key point of contact for Federation teams located in the Salt Lake City office.  You will also participate in region-wide and global initiatives to enact the Global Compliance mandate and Business Unit priorities.  To fulfill this role and responsibilities, you will:

    • Advise, challenge and influence the Federation on regulations, policies and reputational risk
    • Identify, investigate and manage compliance issues involving the Federation
    • Analyze regulatory changes and enforcement actions to assess the impact to the Federation, and participate in work to ensure the business is able to support new requirements
    • Review surveillance alerts and conduct forensic reviews to monitor the Federation’s compliance with regulations and firm policies
    • Recommend compliance testing work to be performed for the Federation
    • Draft and assist in the implementation of policies and procedures
    • Develop and deliver communication and compliance learning to the Federation

    QUALIFICATIONS AND SKILLS

     

    A strong candidate for Federation Compliance will satisfy the following criteria:

    • Bachelor’s degree; advanced degree in relevant field (e.g., J.D., LL.M., M.B.A.) is a plus but not required
    • At least five years of work experience required and experience as a compliance officer or in a risk management role preferred
    • Knowledge of operational practices in securities and derivatives markets, strongly preferred
    • Knowledge of regulations, practices and markets infrastructure in the U.S. preferred, including an understanding of key U.S. regulations (e.g., SEC, FINRA, CFTC, FRB)
    • Experience interacting with regulators, or supporting regulatory audits or inquiries preferred

    A strong candidate for Federation Compliance will possess the following skills:

    • Clear, concise communications skills; able to communicate with impact at senior levels
    • Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
    • Work independently. Exercise sound judgment, ethics and integrity
    • Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
    • Well organized with the ability to manage both longer term projects and daily, often time-sensitive, escalations
    • Proficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risks
    • Team-oriented and supportive of others’ success; comfortable representing a team work product to stakeholders

    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.