Guggenheim Partners

Associate, Compliance Monitoring and Testing

Guggenheim Partners • $110K — $120K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 3-5+ years of relevant experience in compliance or related fields
  • Familiarity with laws affecting broker-dealers and investment banking
  • Experience in compliance testing and report drafting
  • Knowledge of risk assessments and surveillance activities
  • Proficient in data organization and analysis
  • Strong verbal and written communication skills

Responsibilities

  • Support the design and execution of the compliance monitoring program
  • Collaborate on risk assessments and reviews of business activities
  • Evaluate control design and test operating effectiveness
  • Prepare reports on compliance issues and track remediation plans
  • Conduct surveillance of trading and communication activities
  • Assist with regulatory inquiries and gather required documentation
  • Monitor regulatory changes and assist with implementation tracking

Benefits

  • Collaborative team environment
  • Opportunities for professional development
  • Focus on risk management and compliance excellence
  • Hands-on experience with regulatory compliance processes
Full Job Description
Job Description:

Position Summary

Guggenheim Securities ("GS") is seeking to hire a Monitoring and Testing Associate to join its Compliance team. The primary objective of this role is to assess business activities and support functions for compliance with applicable laws, regulations and internal policies and procedures.

Essential Job Functions
  • Support the development, execution and reporting of compliance monitoring and testing program to help mitigate risk and promote adherence to regulatory requirements and internal policies and procedures
  • Collaborate with compliance team members on risk assessments, targeted reviews of business activities and branch office inspections
  • Help evaluate the design of controls and test their operating effectiveness
  • Prepare clear, well documented reports identifying issues, and work with issue owners to support the development and tracking of remediation plans
  • Perform surveillance reviews of trading and communication activity
  • Provide support on regulatory inquiries and investigations, including gathering documentation and assisting with responses
  • Help track and report compliance metrics on a recurring basis
  • Support the regulatory change management process by helping monitor rule changes and tracking implementation activities


Preferred Qualifications
  • Familiarity with the laws, rules, regulatory requirements, impacting broker-dealers, with exposure to those applicable to investment banking, equity and fixed income sales and trading, and research
  • Experience in executing compliance testing and drafting related reports
  • Working knowledge of risk assessments
  • Experience supporting surveillance activities, including email and transaction review Proficiency in organizing and analyzing data, including the ability to develop meaningful metrics from raw data sets
  • Excellent verbal and written communication skills, with ability to convey findings clearly
  • Highly organized, with strong attention to detail and commitment to accuracy
  • Comfortable working both independently and collaboratively as part of a team
  • critical thinker who is proactive, curious and brings a creative approach to problem-solving
  • Quick learner and self-starter, able to manage multiple priorities with minimal supervision
  • Have a positive, hands-on, "can-do" attitude


Basic Qualifications
  • Bachelor's / University degree
  • 3 - 5+ years relevant experience with a regulator, broker-dealer or other financial services institution
  • PowerPoint/Excel skills


Work Location
  • Currently, this role is expected to be in the New York office at least 4 days per week


Salary
  • Annual base salary is between $110,000 and $120,000.
  • The base salary represents the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The amount listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.


About Guggenheim Partners

Guggenheim Partners is a global investment and advisory firm with more than $310 billion in assets under management. The firm provides expertise in investment management, investment banking, and insurance services to institutions, governments, and individuals. Guggenheim Partners is headquartered in New York City and has offices in more than 25 cities worldwide. The firm was founded in 1999 by a group of senior executives from Salomon Brothers.
Learn more about Guggenheim Partners
Size
2,000 employees
Industry
Finance & Insurance
* Ladders Estimates

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