Compliance - Salt Lake City - Associate, Business Unit Compliance - 9298516

Goldman Sachs • Salt Lake, UT

1d • Onsite

About The Position

Interact with the Asset Management business and other compliance teams on a daily basis. Provide compliance advice regarding, and review of, marketing materials that are used to pitch Asset Management products and services to clients on a daily basis that are subject to regulation under the Investment Company Act of 1940 and are organized as open-end funds, closed-end funds and exchange traded funds. Perform periodic testing of marketing materials, including review of surveillances and forensic reviews of policies and procedures to ensure a robust control framework. Organize and deliver compliance trainings to various Asset Management business teams globally regarding compliance and regulatory requirements. Coordinate with Asset Management businesses such as the Client Solutions Group and various Client Portfolio Management teams, as well as Legal, Technology and Operations to opine on relevant compliance matters to drive client service and assist with new business initiatives and regulatory requirements. Work both independently and under supervision on ad-hoc and long-term projects such as regulatory remediation, process enhancements due to new regulations, and various projects to increase efficiency across the compliance division, as required. Responsible for the analysis of new AI tools being deployed across Asset Management, including the evaluation of risks, creation of training materials, oversight of deployment, and ongoing advisory support. Evaluate potential client complaints from a compliance and regulatory standpoint including the logging and tracking of responses and remediations. Evaluate and issue potential compliance violations to Asset Management employees across various Compliance requirements (including e-Communications and Personal Trading violations). Assist with the preparation of the annual 206(4)-7 compliance report by leading quarterly meetings with senior compliance management to identify topics for inclusion.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Management, Business Administration, Law or a related regulatory finance/business discipline and two (2) years of experience in the job offered or a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Management, Business Administration, Law or a related regulatory finance/business discipline and three (3) years of experience in the job offered or a related role.
• Review marketing materials for compliance with FINRA Rule 2210 and the SEC Marketing Rule 206(4)-1
• Experience and familiarity with the Investment Advisers Act and Investment Company Act of 1940
• Advise internal stakeholders on regulatory exams and audits
• Provide regular postings to senior management through various means, including verbal and written presentations
• Deliver compliance trainings in a case study format to train the Asset Management business on regulatory and reputational risk considerations
• Manage multiple, complex projects simultaneously and ensure deadlines are met
• Working knowledge of excel, including basic formulas including Vlookup, Xlookup, pivot tables, and macros
• Working knowledge of Artificial Intelligence tools and use cases
• Knowledge of SEC Rule 206(4)-7
• Knowledge of the SEC Code of Ethics requirements under the Investment Company and Investment Advisers Act of 1940
• Working knowledge of the financial services industry and related products, including Equities, Fixed Income, Stocks, Bonds, Options, Warrants, registered and unregistered or privately offered funds

Responsibilities

• Provide compliance advice regarding, and review of, marketing materials
• Perform periodic testing of marketing materials, including review of surveillances and forensic reviews of policies and procedures
• Organize and deliver compliance trainings to various Asset Management business teams globally
• Coordinate with Asset Management businesses such as the Client Solutions Group and various Client Portfolio Management teams, as well as Legal, Technology and Operations to opine on relevant compliance matters
• Work on ad-hoc and long-term projects such as regulatory remediation, process enhancements due to new regulations, and various projects to increase efficiency across the compliance division
• Analyze new AI tools being deployed across Asset Management, including the evaluation of risks, creation of training materials, oversight of deployment, and ongoing advisory support
• Evaluate potential client complaints from a compliance and regulatory standpoint including the logging and tracking of responses and remediations
• Evaluate and issue potential compliance violations to Asset Management employees across various Compliance requirements
• Assist with the preparation of the annual 206(4)-7 compliance report by leading quarterly meetings with senior compliance management

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level