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
Part of the Global Compliance Division, the firm’s Federation Compliance team is a global team with responsibility for providing compliance coverage to the “Federation” which is composed of Operations, Engineering, Controllers, Finance, Corporate Treasury, Risk, Corporate and Workplace Solutions, Executive Office, FP&A, Tax and Human Capital Management divisions. The team has members in Bengaluru, Dallas, Hong Kong, London, New York, Salt Lake City, Singapore, Tokyo, and Warsaw.
Federation Compliance contributes to the compliance mandate by: 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 and communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiative
Federation Compliance is looking for a talented Vice President to join the team to assist with the coverage of Corporate Treasury and Executive Office. The role of this Compliance Officer is to articulate and maintain the standards of conduct required of Corporate Treasury and Executive Office as well as the laws, regulations and policies governing these businesses to assist the firm in mitigating regulatory and conduct risk in EMEA. The Compliance Officer provides support to the Corporate Treasury Division's functional areas, including Corporate Treasury Execution, which focuses on efficient management of liabilities supporting the firm’s assets, including issuance of secured and unsecured liabilities and execution of interest rate, currency, and other hedging strategies. ROLE AND RESPONSIBILITIES
- This role will focus on, but not be limited to, providing Compliance coverage of Corporate Treasury and Executive Office with an emphasis on regulatory and conduct risk in EMEA. As Corporate Treasury compliance coverage, you will provide real-time compliance guidance to the Corporate Treasury Department holistically, as well as trading specific compliance guidance to the Corporate Treasury Execution group. This includes all relevant rules, regulations and internal policies that govern the Corporate Treasury business. Additionally, as Executive Office compliance coverage, you will focus on the compliance program for the firm’s Strategic Investments, Office of Applied Innovation and other firmwide strategy initiatives.
A successful candidate will also participate in region-wide and global initiatives to enact the Global Compliance mandate.
To fulfil this role, you will:
QUALIFICATIONS AND SKILLS
- Provide proactive risk mitigation instructions on regulatory and policy matters including individual transactions, new products and business initiatives.
- Advise, challenge and influence the Federation about regulations, policies and reputational risk
- Identify, investigate and manage compliance issues involving the Federation
- Execute Compliance Risk Assessment and other core compliance deliverables
- 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
- Develop and deploy second line controls and assisting the first line with the development of their controls.
- Review of new algorithms and other electronic-related business initiatives.
- 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
- Investigate and liaise with internal stakeholders in relation to conduct issues
- Provide support and guidance to Corporate Treasury and Executive Office in interactions with regulators
A strong candidate for Federation Compliance will satisfy the following criteria:
ABOUT GOLDMAN SACHS
- 5+ years Compliance/Legal/Regulatory background covering Corporate Treasury / Treasury Execution functions, advanced degree in relevant field (e.g., J.D., LL.M., M.B.A.) is a plus but not required
- Clear, concise written and verbal 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
- Sound judgment, ethics and integrity
- Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
- Ability to process large amounts of information on novel topics and identify salient points, and succinctly present them to a senior audience.
- Ability to build relationships with stakeholders of various seniority and across different roles.
- Proactive, self-motivated, assertive and well organized.
- Takes ownership of tasks, progresses them independently, and escalates to senior stakeholders when required.
- Strong analytical, technical and problem-solving skills, with the ability to exercise sound and balanced judgment.
- Ability to learn and navigate technical firm systems used for forensic reviews.
- Forward looking, focused on improving and streamlining controls and processes.
- Ability to work independently and yet remain a strong team player.
- Ability to handle multiple tasks simultaneously and work to tight deadlines, balancing short-term and long-term projects
- A strong understanding of EU and US regulation (MIFID II, MAR, Dodd Frank, CFTC, SEC).
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