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The Role
Provides compliance coverage for Equities and Custody Solutions businesses, advising on regulatory requirements, assessing new initiatives, maintaining policies, delivering training, supporting examinations and audits, overseeing surveillance reviews, analyzing regulatory changes, and developing risk action plans. The role partners with Legal, Risk, Finance, Operations, Technology, and Internal Audit while managing regulatory projects and compliance risks across financial services activities.
Summary Generated by Built In
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.
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 business Prime Services as well as general compliance for the product areas covered within those businesses, while working closely with other firm departments including Legal, Risk, Finance, Operations, Technology, and Internal Audit.
Responsibilities:
- Provide day-to-day line Compliance coverage for the Global Banking & Markets Equities Custody Solutions businesses including coverage of Custody Solutions Sales, Client Services, Trading Services, Product Development and Operations teams
- Advise on how to conduct the firm’s business particularly focused on Custody Solutions client activity in a manner that complies with the vast array of rules, regulations, and regulatory expectations
- 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 Equities/Custody Solutions 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 to formulate practical solutions to industry-wide issues
- Evaluate compliance risks and assist in developing compliance action plans through the firm’s Compliance Risk Assessment
Qualifications:
- Bachelor’s Degree
- 3+ years of Compliance, Legal, Regulatory or Financial Services industry experience
- Knowledge of rules and regulations governing broker-dealers, swap dealers, and other regulated financial services entities (SEC, CFTC, FINRA, NFA, NYSE, Nasdaq, CBOE, ISE, etc.)
- Regulatory experience within the Equities or Custody Solutions based businesses a plus
- Understanding of equities, fixed income market conventions preferred
- Excellent communications skills (oral and written) that demonstrate control-side empowerment
- Experience leading, managing, and participating in regulatory projects and business initiatives requiring compliance input.
- Proven ability to handle and prioritize multiple tasks simultaneously and work under pressure
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., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
Skills Required
- Bachelor's Degree
- 3+ years of Compliance, Legal, Regulatory, or Financial Services industry experience
- Knowledge of rules and regulations governing broker-dealers, swap dealers, and other regulated financial services entities, including SEC, CFTC, FINRA, NFA, NYSE, Nasdaq, CBOE, and ISE
- Regulatory experience within Equities or Custody Solutions businesses
- Understanding of equities and fixed income market conventions
- Excellent oral and written communication skills
- Experience leading, managing, or participating in regulatory projects and business initiatives requiring compliance input
- Ability to prioritize multiple tasks and work 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.
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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.
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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.
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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.
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The Company
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
