Compliance, Federation Compliance, Associate

Location(s) US-TX-Dallas
Job ID
2021-82170
Schedule Type
Full Time
Level
Associate
Function(s)
General
Region
Americas
Division
Compliance
Business Unit
Federation 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.

RESPONSIBILITIES AND QUALIFICATIONS

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 and business practices presenting compliance or reputational risks.

 

BUSINESS UNIT AND ROLE OVERVIEW

 

Federation Compliance provides compliance coverage to the Operations, Engineering, Finance, Tax, Controllers, Corporate Treasury, Risk, Services, Executive Office and Human Capital Management divisions and functions (“the Federation”).  This includes:

  • Conducting risk identification, measurement and assessment
  • Monitoring for compliance with laws, rules, regulations and policies
  • Participating in firm responses to regulatory examinations, audits and inquiries
  • Performing surveillance and investigations of business activities
  • 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, you will cover the Federation with an initial focus on Compliance coverage of marketing materials created by the Executive Office and key regulatory risks associated with the build-out of a global marketing function.  You will also participate in regional and global initiatives to enact the Global Compliance mandate.  To fulfill this role, you will:

  • Review, make recommendations and approve customer facing information and marketing materials in accordance with applicable rules, policies, procedures and controls established to mitigate compliance risks
  • Partner with Engineering teams to enhance workflows for approval, create metrics and reporting as well as address archival of marketing materials
  • Draft and assist in enhancing procedures and policies on the marketing content review process
  • Draft and assist in creation and delivery of training & communications related to the marketing content review process
  • 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 marketing and social media-related 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
  • 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 some of 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 4 years of work experience, including 3 years as a compliance officer or in a marketing-related risk management role focused on regulatory requirements
  • Knowledge and understanding of the various functions within Compliance and their respective responsibilities
  • Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries

 

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

  • Clear, concise communications skills; able to communicate with impact at senior levels
  • Proactive, self-motivated, assertive and well organized
  • 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
  • Sound judgment, ethics and integrity
  • Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
  • Proficient in assessing 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
  • Ability to handle multiple tasks simultaneously and work to tight deadlines, balancing short-term and long-term projects

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



© The Goldman Sachs Group, Inc., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity