Compliance, GBM Public, Swap Dealer Compliance, Associate, Salt Lake City

Goldman Sachs•Salt Lake, UT

5d•Onsite

About The Position

Global Compliance's mission is to prevent, detect, and mitigate compliance, regulatory, and reputational risks across the firm, thereby strengthening the firm's culture of compliance. As an independent control function and part of the firm's second line of defense, Compliance assesses risks, monitors adherence to laws and regulations, designs and implements controls, policies, procedures, and training, conducts independent testing, investigates potential breaches, and manages the firm's responses to regulatory interactions. The Swap Dealer Compliance team seeks a Compliance Officer to provide guidance on the implementation and development of CFTC, NFA, and SEC swap dealer requirements. This includes developing compliance program elements such as policies and procedures, training, risk assessments, issues management, governance, management reporting, metrics, and assisting in the remediation of non-compliance matters. The role requires collaboration with business units like Global Banking and Markets, Private Wealth Management, and Corporate Treasury, as well as with Compliance, Legal, Operations, Engineering, Risk, Finance, and Audit stakeholders. Knowledge of SEC, CFTC, and NFA swap regulations is preferred to enhance the compliance program and support the firm's swap dealing entities and their Chief Compliance Officers (CCOs) in meeting their regulatory obligations.

Requirements

4-8 years’ experience in and knowledge of CFTC, SEC, NFA swap dealer regulations.
Experience writing and implementing policies and procedures, management information, and reports.
Strong interpersonal skills and the ability to manage processes and drive change and accountability with key internal stakeholders.
Effective communicator with senior stakeholders both verbally and written, including experience delivering trainings.
Work effectively with personnel in different office locations and in different time zones.
Exceptional attention to detail and strong analytical skills.
Proficiency in Excel, Powerpoint, and Microsoft Office.
Bachelor’s degree level educated within a relevant field.

Nice To Haves

Product knowledge and regulatory experience within the OTC derivatives and securities-based swaps businesses a plus.
JD preferred but not required.

Responsibilities

Advise and implement enhancements to the overall Swap Dealer Compliance Program, including policies and procedures.
Assist in responding to regulatory inquiries, audits, examinations, and investigations, and liaising with regulators (SEC, CFTC & NFA).
Support the development and maintenance of management reporting for Boards of Directors, CEOs, and other senior stakeholders.
Assist the CCOs in administering their duties to oversee the firm’s Swap Dealer Compliance Program.
Help manage conflicts of interest and other issues that may arise in running the Swap Dealer Compliance Program.
Review and educate internal stakeholders on regulatory updates and engage in advocacy and industry discussions on swap dealer matters.
Advise the business on regulatory requirements, developments, and expectations across swap dealer regimes, including swap data reporting, business conduct, and margin.
Serve as an escalation point and assist in remediating non-compliance issues.
Assist in drafting CCO annual reports for the firm’s swap dealer, futures commission merchant, and security-based swap dealer entities.
Assess the effectiveness of relevant CFTC, NFA, and SEC rules periodically, along with obligations, risks, and controls, including risk assessment activities.
Assist in developing monitoring and testing to review and challenge controls and the implementation of obligations with Compliance and business teams, and collaborate with Audit on their ongoing reviews.
Assist with the development of training for Associated Persons of the swap dealer and security-based swap dealer to educate and remind employees of their obligations and expected behaviors.