Compliance, Federation Compliance, Associate, London London, England
Job description
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, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Finance, Planning and Analysis, Risk, Tax 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 initiative
RESPONSIBILITIES AND QUALIFICATIONS
ROLE AND RESPONSIBILITIES
As part of the London Federation Compliance team, you will provide compliance support and coverage for the firm’s Engineering Division, Risk Division and Third-Party Risk Management (TPRM) team. 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 need to:
- Advise, challenge, and influence the Engineering Division, Risk Division and TPRM team regarding financial regulation implementation, firmwide and divisional policies, and reputational risk
- Brief senior leadership on risks identified and ensure stakeholder engagement
- Analyze and conduct ongoing reviews of regulations, rule trends and enforcement actions to assess impact and identify potential gaps
- Partner with impacted groups to ensure the business can support new rules and requirements
- Identify, investigate, and manage compliance issues involving the Engineering Division, Risk Division and TPRM
- Coordinate with counterparts in other jurisdictions to ensure the firm is meeting related regulatory requirements globally
- As needed, support development and analysis of related policies, standards, and processes to ensure compliance with applicable regulations and requirements
- Recommend compliance testing or forensic work to be performed
- Develop and deliver communications and training
- Coordinate with the broader Federation Compliance team on specific initiatives and project
QUALIFICATIONS AND SKILLS
A strong candidate for Federation Compliance will satisfy the following criteria:
- At least 3 years of relevant work experience as a compliance officer, regulator or in a risk management role
- Bachelor’s degree or higher, graduate degree in a related area (law, risk, information security) a plus, but not required
- Experience reading and interpreting regulations, laws and statutes
- Understanding of the global regulatory environment information security
- Experience interacting with regulators, or supporting regulatory audits or inquiries a plus
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
