Compliance, Federation Compliance - Compliance Generalist, VP– Salt Lake City

Location(s) US-UT-Salt Lake City
Job ID
2021-80043
Schedule Type
Full Time
Function(s)
Compliance
Region
Americas
Division
Compliance
Business Unit
Federation Compliance
Employment Type
Employee

MORE ABOUT THIS JOB

GLOBAL COMPLIANCE 

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.

RESPONSIBILITIES AND QUALIFICATIONS

BUSINESS UNIT AND ROLE OVERVIEW

Federation Compliance provides compliance coverage to the Operations, Engineering, Finance, Tax, Controllers, Corporate Treasury, 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
  • Interpreting and applying various regulatory requirements to specific business scenarios
  • Communicating regulatory requirements and firm policy expectations to educate others

 

ROLE AND RESPONSIBILITIES

In Federation Compliance in Salt Lake City, you will cover the Federation with an initial focus on Compliance coverage of key regulatory risks within a subset of Federation Divisions, as well as across the region.  You will also participate in regional and global initiatives to enact the Global Compliance mandate.  To fulfill this role and responsibilities, you will:

  • Advise, challenge and influence the Federation regarding the application of regulations and firm policies including personal Compliance matters
  • Assess and communicate reputational risk considerations across a range of topics impacting the Federation
  • 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 training to the Federation
  • Coordinate with the broader Federation Compliance team on initiatives and projects
  • Provide day-to-day Compliance oversight, including personal Compliance matters

 

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
  • 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

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html