Position Overview:
The role of a Global Banking & Markets-Public Compliance officer is to assist the firm in preventing, detecting and mitigating compliance, regulatory, and reputational risk within the Global Banking & Markets-Public business 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. This Business-Aligned Compliance role provides both functional coverage to its aligned businesses (sales and trading) as well as general compliance for the product areas covered within those businesses, while working closely with other firm departments, including Legal, Risk, Operations, Technology, and Internal Audit.
Responsibilities:
- Provide day-to-day line compliance coverage for the Global Banking & Markets Interest Rate Products businesses, including coverage of FICC Trading, Sales, and Strats teams
- Advise on how to conduct the firm’s business, particularly focused on government bonds, interest rate derivatives, and repos in a manner that complies with the vast array of rules, regulations and regulatory expectations
- Escalate significant regulatory, conduct, or reputational risks
- Assess new business initiatives and coordinate with interested stakeholders to support the firm’s overall governance framework
- Represent Compliance in broad-based cross-divisional projects supporting regulatory requirements
- Develop, draft and maintain compliance policies and procedures outlining firm requirements, regulations and best practices
- Create and implement compliance training programs for FICC professionals
- Assist with regulatory examinations, audits and inquiries
- Perform oversight of surveillances and programmatic reviews to assess compliance risks and breaches
- Analyze new or amended laws, rules and regulations in order to formulate practical solutions to industry-wide issues
- Evaluate compliance risks and assist in developing compliance action plans through the firm's formal risk assessments
Qualifications:
- Bachelor’s Degree
- 6+ years experience, with particular focus on fixed income compliance and/or rates compliance, regulatory advisory, or surveillance functions
- Knowledge of rules and regulations governing broker-dealers, swap dealers, and other regulated financial services entities (SEC, CFTC, FINRA, NFA, Federal Reserve, and other regulatory requirements)
- Strong understanding of government bonds, interest rate swaps, futures, repos, and electronic trading
- Excellent communications skills (oral and written) that demonstrate control-side empowerment
- Strong judgment and credibility with senior business leaders
- Analytical, risk-focused mindset
- Proven ability to handle and prioritize multiple tasks simultaneously and work under pressure
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.
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Salary Range
The expected base salary for this New York, NY, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.
Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available
to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.
Skills Required
- Bachelor's degree
- 6+ years of experience focused on fixed income compliance, rates compliance, regulatory advisory, or surveillance
- Knowledge of regulations governing broker-dealers, swap dealers, and regulated financial services entities, including SEC, CFTC, FINRA, NFA, and Federal Reserve requirements
- Strong understanding of government bonds, interest rate swaps, futures, repos, and electronic trading
- Excellent oral and written communication skills
- Strong judgment and credibility with senior business leaders
- Analytical and risk-focused mindset
- Ability to handle and prioritize multiple tasks under pressure
Goldman Sachs Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Goldman Sachs and has not been reviewed or approved by Goldman Sachs.
-
Healthcare Strength — Coverage includes medical, dental, vision, disability, life and accident insurance, with multiple plan options and most premiums subsidized; coverage often starts on day one. Wellness resources, on-site health centers in some locations, and EAP access reinforce the depth of health support.
-
Parental & Family Support — Family care includes on-site childcare in some offices, expectant parent resources, and transitional programs for returning parents. Feedback suggests parental leave is very generous, with reports of around 20 weeks paid leave and stipends for adoption, surrogacy, and fertility-related services.
-
Retirement Support — The firm provides a 401(k) plan with employer matching contributions and broad financial education to help employees plan for retirement. Resources also support saving for education and preparing for unexpected events.
Goldman Sachs Insights
What We Do
At Goldman Sachs, we believe progress is everyone’s business. That’s why we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices in all major financial centers around the world. More about our company can be found at www.goldmansachs.com
