Compliance, Federation Compliance - Regulatory Transaction Reporting, Vice President

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.

Part of the Global Compliance Division, the firm’s Federation Compliance team is a global team with responsibility for providing compliance coverage to Operations, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Finance, Planning and Analysis, Risk, Tax and Human Capital Management divisions. 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 initiatives

The team has members in Bengaluru, Hyderabad, Dallas, London, New York, Salt Lake City, Singapore, Tokyo, and Warsaw.

Federation Compliance is looking for a talented individual to join the team to assist with the coverage of Operations.

ROLE AND RESPONSIBILITIES

This role will focus on, but not be limited to, providing Compliance coverage of Operations functions with an emphasis on non-financial regulatory reporting requirements in the Americas region such as CFTC and SEC swap dealer transaction reporting. This role has a diverse scope covering all assets classes, for multiple reporting obligations for GS Legal Entities globally.

A successful candidate will also participate in region-wide, and global initiatives to enact the Global Compliance mandate. 

To fulfil this role, you will:

• Advise, challenge and influence Operations functions about regulations, policies, and reputational risk
• Analyze regulatory changes and enforcement actions to assess the impact to Operations, and participate in work to ensure the business is able to support applicable rules and requirements
• Support the development and analysis of related policies, standards, and processes to ensure compliance with applicable regulations and requirements
• Identify, investigate, and manage compliance issues involving Operations functions
• Provide support and guidance to Operations functions in dealing with regulators
• Brief senior leadership on risks identified and ensure stakeholder engagement 
• Conduct forensic reviews to monitor compliance with regulations and firm policies
• Input into compliance risk assessments to ensure effectiveness of the firm’s compliance program
• Draft and assist in the implementation of policies and procedures
• Develop and deliver communication and training 
• Investigate and liaise with internal stakeholders in relation to conduct issues 
• Recommend compliance testing work to be performed 
• Provide support and guidance to Operations functions in managing information barriers
• Coordinate with the broader Federation Compliance team on initiatives and projects

QUALIFICATIONS AND SKILLS

A strong candidate for Federation Compliance will satisfy some or all of the following criteria:

• At least 3 years of experience as a compliance officer or in a risk management or control function role
• Knowledge of operational practices in securities and derivatives markets
• Knowledge of regulations, practices, and markets infrastructure in the U.S
• Understanding of the global regulatory environment
• Experience working at a U.S. registered broker-dealer, swap dealer, futures commission merchant, and/or security-based swap dealer