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Nu Advisory Partners

Senior Associate, Global Banking & Markets Operations - Derivatives Regulatory Reporting-New York

Goldman Sachs

Goldman Sachs

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

Job Description


Operations division is a dynamic, multi-faceted organization that partners with all parts of the firm to provide banking, securities, and asset management services to clients around the world. In addition, Operations provides essential risk management and controls to preserve and enhance the firm's assets and its reputation. For every new product launched and every trade executed, it is Operations that develops and manages the processes and controls that enable business flow.


We’re looking for a professional individual who wants to apply their financial market knowledge and further develop their understanding of a growing sector of the financial markets at the heart of regulatory reform. With the continued high rate of change in the regulatory reporting space, Regulatory Operations professionals have the platform to significantly impact their environment and the wider business.

Our team is seeking a professional who is looking to collaborate with multiple stakeholders to improve the firm's compliance rates across various obligations.


Our team of critical thinkers’ partners with groups in all areas of the firm to perform financial analytics and reporting as well as data analytics and engineering. Our division also provides critical operations design and handles capital markets operations to ensure business flows smoothly across our global offices. From day one, team members play a vital role in upholding the three Operations principles of client focus, process innovation and risk management.

We are a globally located team that exists to ensure that the firm fulfills a wide range of non-financial regulatory reporting obligations.

Regulatory Operations team is responsible for reporting to external stakeholders in the North America region, including the reporting and monitoring of trade, transaction and position information across a wide range of traded financial products and business lines for the CFTC (Commodity Futures Trading Commission), SEC (Securities and Exchange Commission), and CSA (Canadian Standards Association) obligations. The team plays an integral role in ensuring that the Firm meets its regulatory reporting obligations. The Team consists of talented and highly motivated individuals who are extensively involved in the preparation of the mandated reports, as well as the implementation of effective control processes, efficiency initiatives, new compliance and industry change initiatives, BCP, and other department initiatives. The characteristics of the team have to marry the firm’s culture of teamwork and diligence with the nature of regulatory obligations: ever changing with a need for precision and fast turnaround.


Responsibilities include the following:

  • Contribute to the execution of non-financial regulatory reporting obligations and develop subject matter expertise (e.g. CFTC, SEC, and SEC obligations)
  • Perform analysis to detect anomalies in the reporting data, investigate reporting issues demonstrating aptitude to work with range of data sets from big data to samples
  • Advise on regulatory risk and requirements to facilitate commercial activity
  • Analysis of internal client and external regulatory inquiries
  • Identifying solution to correct system issues, documenting requirements to high quality, performing tests to identify an accurate resolution
  • Perform verification, validations and testing of the data provided by Engineering prior to submission,
  • Actively participating in the development of the strategic control framework for Regulatory Operations
  • Work collaboratively across multiple business lines and stakeholder groups in strategic initiatives across the global Regulatory Operations department
  • Develop strong working relationships both internally including the Front Office and Middle Office Technology, Legal, Compliance and externally to support various reporting functions
  • Cultivating a strong working knowledge of the rules underlying CFTC Part 45 (P45), CFTC Part 43 (P43), CFTC Part 23 Material Terms Reconciliation (P23 MET Rec), SEC Securities Based Swap (SBS) reporting, and Ontario Securities Commission (OSC) rule 91-507


  • Extensive professional experience (4 or more years) in the financial services sector, ideally in a Global Banking and Markets business
  • Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail
  • Strong communication skills to clearly articulate issues and ideas and provide timely escalation,
  • Good interpersonal skills to build strong relationships with key stakeholders within and outside of Operations
  • Good influencing skills to work with the Operations team in challenging the status quo and continuously enhancing the control environment required
  • Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities within deadlines
  • Flexible and able to work well under pressure in a team environment
  • Proficiency in Microsoft Office applications, particularly Excel (formulas, vlookups, pivots, macros)
  • Active interest in understanding and learning about the global financial markets


  • Experience in an Operations Control Environment
  • Working knowledge about financial markets, regulatory landscape and associated processes, including the lifecycle of a trade
  • Experience with regulatory reporting, in particular CFTC, SEC, CSA, or similar derivatives reporting obligations.
  • Experience handling, managing, or contributing toward responses to regulatory enquiries from the CFTC, SEC, Canadian Regulators, or National Futures Association (NFA)
  • Working knowledge of financial products, in particular facility executed derivatives, OTC derivatives, and clearing activity
  • Experience participating in discussions and influencing outcomes in industry groups
  • Working knowledge of project management and business analysis
  • Working experience with operating on large data sets and BI tools such as Tableau, Alteryx, or Bloomberg Regulatory Reporting Services.
  • Working experience utilizing and navigating reporting and reconciliation platforms such as DTCC Derivative Repository (DDR), TriOptima TriResolve, or other such SDR or matching platforms.
  • Familiarity with coding languages such as SQL
  • Familiarity with or working knowledge of key post execution operational flows of the OTC derivatives business such as valuation, margining, portfolio reconciliation, or confirmation

Salary Range
The expected base salary for this New York, New York, United States-based position is $80000-$135000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

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.