Compliance 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.

Enterprise Compliance Office – Risk Management is a team within Global Compliance that is responsible for implementing and maintaining the firm's integrated regulatory compliance program, which includes risk assessments, regulatory change management, policies, and training.

 RESPONSIBILITIES AND QUALIFICATIONS 

Enterprise Compliance Office – Risk Management is at the forefront of ensuring our firm's compliance program is best in class, factoring in the latest regulatory guidance and industry standards. We are looking for a team member who can help drive our mission forward and collaborate across business units within Compliance, Compliance Engineering, Risk, and the firm.  We are looking for someone who is equal part visionary and executor. At times, the role will require you to navigate and problem solve with multiple teams and stakeholders bearing in mind timelines and a senior audience.

Principal Responsibilities:

• Contribute to strategy for enhancing and executing the Compliance Division’s Risk and Control Self-Assessment (RCSA)
• Oversee Compliance’s involvement in the RCSA, including risk and control inventory management, risk taxonomy management, training, status tracking and communications
• Facilitate the overall execution of the assessments by meeting directly with Divisional Compliance risk and control assessors
• Liaise with OpRisk on design and methodology decisions
• Analyze trends in risk assessment results, and develop reporting and dashboards, including issue management, for Compliance Senior Management
• Partner with Compliance Engineering on UAT and system enhancements
• Support responses to regulatory and internal reviews and audits

Qualifications:

• Bachelor's degree required
• Experience with risk and control self-assessments and/or compliance risk assessments required
• Knowledge of issue management preferred
• Knowledge of non-financial risk management frameworks preferred
• Minimum of 3-4 years’ experience in compliance or risk management in the financial services industry or consulting industry 
• Ability to independently lead meetings
• Strong stakeholder and project management skills
• Detail-oriented and able to produce quality work product, even when working under tight timeframes
• MS Office proficiency; advanced knowledge of PowerPoint and Excel is preferred
• Strong reporting and analytical skills and comfortable with large data sets
• Comfortable using AI tooling to support analytical reviews

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 opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.