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Compliance, Market Conduct Risk Compliance, Vice President

Goldman Sachs

Goldman Sachs

Legal
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

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.

Global Banking & Markets (GBM) Public Compliance is responsible for comprehensively identifying and managing the regulatory, legal, and reputational risks of GBM Public.

Job Summary:

The Market Conduct Risk (MCR) team within GBM Public Compliance is responsible for governance of the firmwide MCR program. MCR program is the firm’s sustainable operating model for the ongoing governance, identification and assessment of market conduct risk and the development and maintenance of reasonable controls for risk mitigation across Conduct & Supervision, Collusion, Confidentiality & Communications, Conflicts of Interest, Market Manipulation and Inappropriate Sales Practices. The MCR program covers GBM, Asset & Wealth Management, and Corporate Treasury. We are looking for a team member to manage the governance of certain processes associated with the firm’s MCR program. The role will require navigating and problem solving across multiple teams and stakeholders bearing in mind timelines and a senior audience.

Principal Responsibilities:

  • Partner with first and second lines of defense to establish and maintain controls across respective divisions; Advise, challenge and influence teams, as needed
  • Evaluate relevant regional and global regulatory requirements and mapping to corresponding market conduct risks, and coordinate efforts to ensure relevant policies and procedures are maintained
  • Execute Business Review exercise based on inputs from the New Activities process, strategic initiatives across the firm, evaluation of Risk Assessment related data, and new or changes to trading / non-trading mandates
  • Establish appropriate MCR monitoring and testing program
  • Coordinate relevant Risk Assessment processes and develop cross divisional reporting for MCR based on results
  • Coordinate end-to-end issue management, including reviews of lessons learned
  • Support the compilation and reporting of MCR metrics and issues to relevant council
  • Develop training materials specific to MCR
  • Coordinate regulatory responses related to MCR, as needed

Basic Qualifications:

  • Bachelor's degree required
  • Minimum of 10 years of experience in compliance or risk management in the financial services industry
  • Knowledge of general trading rules and regulations (SEC, FINRA, NYSE, Nasdaq, CBOE, ISE, etc.) preferred
  • Experience reading and interpreting regulations, laws and statutes is preferred
  • Experience with compliance risk assessments and/or risk and control self-assessments, including control assessments, is preferred
  • Experience with remediation of regulatory matters, framework implementation, including monitoring and testing, is preferred
  • Experience creating reporting for senior management and Board is preferred
  • Strong project management skills
  • Detail-oriented and able to produce quality work product, even when working under tight timeframes
  • Comfortable being independent and a self-starter
  • Ability to decipher and navigate ambiguous situations with the aim of developing solutions
  • Ability to exercise strong judgment and decision-making in a collaborative consensus-driven environment
  • Analytical; capable of identifying and distilling relevant information quickly
  • Excellent oral and written communication skills
  • MS Office proficiency; advanced knowledge of PowerPoint and Excel is preferred
  • Team Management experience preferred
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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Salary Range
The expected base salary for this New York, New York, United States-based position is $115000-$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.