Compliance-Salt Lake City-Associate, Regulatory Compliance-4005905

Goldman Sachs • Salt Lake, UT

1d • Onsite

About The Position

The Associate, Regulatory Compliance position at Goldman Sachs Bank USA in Salt Lake City, Utah, is responsible for executing the Compliance Testing Group’s (CTG) mandate. This involves investigating whether activities and practices comply with policies, regulations (specifically CFTC and Futures Exchanges rules), and the firm’s Compliance Control infrastructure. The role requires proposing and executing test plans, managing multiple concurrent reviews through all phases (planning, scoping, testing, socialization, and tracking remediations), and coordinating with senior members across Compliance, business units, and Engineering. Key aspects include identifying and escalating potential compliance, conduct, and reputational issues, such as control gaps or employee misconduct, and collaborating with the global CTG team to share findings and refine review processes.

Requirements

• Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Accounting, Law, or related field and three (3) years of experience in the job offered or in a related role OR Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Accounting, Law, or related field and five (5) years of experience in the job offered or in a related role.
• Three (3) years of experience with a Master’s degree OR five (5) years of experience with a Bachelor’s degree with conducting interviews with stakeholders, including process owners and supervisors, and leveraging analytical skills such as data analysis through Microsoft Excel to identify gaps/deficiencies in key controls and/or employee misconduct that may present compliance or regulatory risk.
• Orally presenting findings to senior stakeholders in the areas being reviewed, including clearly articulating the fact-patterns, risk(s), and potential next steps for remediation.
• Drafting written findings that articulate fact patterns and associated risks and summarize next steps for remediation.
• One (1) year of experience with knowledge of financial markets and laws and regulations such as CFTC and Futures Exchange rules such as ICE and CME.
• Knowledge of financial products, specifically Commodities or Futures products.
• Working with sales and trading, product controllers, compliance, legal, regulatory, and audit and risk teams.
• Handling compliance testing review end-to-end, including planning and scoping the review, executing test plans (such as selecting data samples and performing analyses), identifying and socializing findings, and working with stakeholders to both track and provide review and challenge of finding remediations.

Responsibilities

• Execute the Compliance Testing Group’s (“CTG”) mandate to investigate whether activities and practices are in compliance with policies and regulations (CFTC and Futures Exchanges rules) and the firm’s Compliance Control infrastructure.
• Propose methods of testing and execute test plans (“reviews”) that have been discussed and agreed upon with a team manager, including gathering data, performing analyses, and documenting results.
• Handle multiple reviews concurrently, including driving the reviews through each phase of the review life cycle including planning, scoping, testing, socialization of results, or tracking finding remediations.
• Coordinate interactions with senior members of the firm, including in Compliance, the firm’s businesses, and Engineering, to address review follow-ups, socialize findings, and track and review finding remediations.
• Identify potential compliance, conduct, and reputational issues such as control gaps/deficiencies, employee misconduct presenting compliance and/or regulatory risk, and escalate.
• Work with CTG’s global team to share findings on compliance or regulatory risks and refine CTG’s review processes.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees