Compliance, Core - Regulatory Inventory Management, Associate
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About The Position
Global Compliance at Goldman Sachs plays a crucial role in preventing, detecting, and mitigating compliance, regulatory, and reputational risks across the firm. This division is integral to strengthening the firm's culture of compliance through an enterprise-wide compliance risk management program. As an independent control function and part of the second line of defense, Compliance is responsible for assessing the firm's compliance, regulatory, and reputational risks, monitoring adherence to new or amended laws, rules, and regulations, and designing and implementing controls, policies, procedures, and training. The team conducts independent testing, investigates compliance risks and breaches, and leads the firm's responses to regulatory examinations, audits, and inquiries. The ideal candidate will join a diverse team with members from various academic and professional backgrounds, including law, accounting, sales, and trading, and must possess sound judgment and adaptability to a changing regulatory landscape. Core Compliance, a subset of Global Compliance, is tasked with implementing and maintaining the firm's integrated regulatory compliance program. This includes conducting risk assessments, managing regulatory changes, overseeing regulatory inventory management, and providing necessary training. The Regulatory Inventory Management (RIM) group specifically focuses on identifying and monitoring regulatory changes that impact the firm's inventory of global laws, rules, and regulations, along with their corresponding compliance obligations. The RIM team is at the forefront of ensuring that the firm's compliance program remains best in class, collaborating with the regulatory change management team to receive updates on new and revised rule changes from global regulators. The responsibilities of the RIM team include reviewing relevant regulatory updates for potential changes, drafting and editing compliance obligations, communicating inventory changes to subject matter experts, and tracking the status of regulatory inventory updates. The position requires an analytical individual with a versatile mix of legal, compliance, and business experience, particularly in regulatory identification and change management. The candidate should be comfortable interpreting regulatory notices from various global regulators, including federal prudential regulators in the US and self-regulatory organizations.
