Compliance, Asset Management Compliance – Regulatory, Vice President / Associate

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.

This position sits in the divisional compliance team that covers the Asset Management (“AM”) business within Goldman Sachs’ Asset & Wealth Management (“AWM”). Asset Management delivers innovative investment solutions through a global, multi-product platform that offers clients the advantages that come with working with a large firm, while maintaining the benefits of a boutique. AM’s clients are global, with complex challenges that require deep investment expertise and dedicated client service to help them achieve their unique investment goals. AM serves a diverse range of clients – individuals, financial advisors, and institutions – who rely on AM to help them understand markets, deliver innovative investment solutions and plan for their future.

RESPONSIBILITIES AND QUALIFICATIONS 

Asset Management (“AM”) Compliance is seeking a compliance Vice President or Associate to join the AM Compliance team in Salt Lake City.  AM Compliance provides daily advice to AM’s various business teams on portfolio management, investing and lending activities, fundraising, the Investment Advisers Act, Investment Company Act, ERISA, and other various regulatory requirements. The individual will assist with managing complex regulatory audits focused on ERISA compliance and, in doing so, will interact with different business lines and control functions, including AM’s Portfolio Management teams, Sales, Finance, Operations, Engineering, Legal, and Internal Audit.  This is a highly collaborative role that will require excellent communication skills and strong project management skills. The ideal candidate will have a strong interest in understanding AM’s business model and operational processes, as well as leveraging strong communication and relationship-building skills in frequent interactions with internal stakeholders and external auditors. The role requires excellent writing and project management skills, a strong understanding of applicable regulatory requirements, and the ability to communicate complex information clearly and concisely.

Principal Responsibilities:

• Assist with maintaining the compliance programs for SEC registered advisers, with an emphasis on ERISA
• Assist with managing a complex regulatory audit, including interfacing with auditors regarding information requests and the firm’s responses
• Conduct informational interviews and gather responsive documentation
• Prepare written responses to information requests
• Coordinate meetings with auditors
• Advise internal stakeholders on auditors’ expectations and prior firm interactions
• Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded
• Monitor the firm’s progress in completing undertakings made to auditors during the course of the audit
• Keep detailed records of regulatory correspondence
• Advise internal stakeholders on potential enhancements to firm processes and controls identified during the course of regulatory interactions
• Develop, draft and maintain compliance policies and procedures outlining firm requirements, regulations and best practices
• Create and deliver compliance trainings
• 4-8 years of Compliance, Legal, Regulatory or Financial Services industry experience
• Excellent communications skills (oral and written), judgment, organizational skills, and project management skills
• Ability to handle multiple tasks simultaneously and work in a fast-paced environment
• Experience with ERISA regulations applicable to asset managers a plus

Qualifications:

• Bachelor's degree required
• 4-8 years of Compliance, Legal, Regulatory or Financial Services industry experience
• Excellent communications skills (oral and written), judgment, organizational skills, and project ma