Compliance, Markets Surveillance, Associate, Salt Lake City

Goldman Sachs•Salt Lake, UT

3d•Onsite

About The Position

Global Compliance's division prevents, detects, and mitigates compliance, regulatory, and reputational risk across the firm. As an independent control function and part of the firm’s second line of defense, Compliance assesses risk, monitors compliance with laws 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. The Markets Surveillance Compliance (MSC) team has primary responsibility for the development and execution of the firm’s trade surveillance program, focused on market manipulation, insider trading, and regional/policy-related risks. The MSC team consists of three key pillars: Risk Assessment, Design & Development, and Investigate & Escalate. This open role is specific to the Market Abuse Risk Assessment (MARA) team within MSC. The team aims to bring a global perspective and a globally coordinated approach to mitigate local regulatory risks.

Requirements

Bachelor’s Degree
Approximately 3 or more years of experience in financial services with a strong understanding of financial products

Nice To Haves

Interest in compliance laws, rules, regulations, risks and typologies
Experience with Risk and Control Self Assessments (RCSA) frameworks and processes
Motivated by learning and continuous improvement
Ability to learn quickly, work independently, form own judgment/opinions, provide insights and drive change
Proactive with strong analytical, interpersonal and communication skills (written and verbal) and ability to work effectively with colleagues in other regional offices
Excellent project management and organizational skills and capability to handle multiple projects at one time
Strong attention to detail
Strong academic background, preferably in quantitative fields such as mathematics, computer science, engineering or statistics

Responsibilities

Lead divisional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to MSC surveillance teams, Line Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA.
Perform risk assessment analysis, including but not limited to, documentation of Inherent Risk, Control Suite and Residual Risk rationales through internal systems.
Lead monthly calls with Line Compliance and MSC stakeholders to review MARA change management analysis.
Where applicable, help to prioritize risks and products where there is a need to improve control ratings.
Work with other stakeholders (including Line Compliance and the business) on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate.
Be familiar with business flows across Equities and Fixed Income and challenge existing assumptions relating to risks and controls, as appropriate.
Prepare detailed reports and presentations to communicate risk findings and recommendations to stakeholders, including senior management and other departments.
Perform management reporting on a weekly, monthly and quarterly basis.
Strive to create a consistent approach across businesses, products and regions, as appropriate.