The Goldman Sachs Group, Inc

Compliance, Asset Management Compliance, Associate, New York

The Goldman Sachs Group, Inc$85K — $140K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 3+ years of Compliance, Legal, Regulatory or Financial Services industry experience
  • Excellent oral and written communication skills
  • Strong organizational and project management skills
  • Ability to handle multiple tasks in a fast-paced environment
  • Experience with ERISA regulations applicable to asset managers is a plus

Responsibilities

  • Assist with maintaining compliance programs for SEC registered advisers, focusing on ERISA
  • Manage complex regulatory audits, interfacing with auditors on information requests
  • Conduct informational interviews and gather responsive documentation
  • Prepare written responses to audit requests
  • Coordinate meetings with auditors and advise on expectations
  • Follow up persistently with colleagues to gather necessary information
  • Monitor progress in fulfilling audit commitments
  • Maintain detailed records of regulatory correspondence
  • Advise on process enhancements identified during audits
  • Develop and deliver compliance training programs

Benefits

  • Comprehensive benefits and wellness offerings
  • Core part of overall employee experience
  • Eligible for discretionary bonus based on fiscal year-end status
  • Available to full-time and part-time employees working 20+ hours per week
Full Job Description
Job Description

Asset Management ("AM") Compliance

We are seeking a compliance Associate to join the AM Compliance team in New York. AM Compliance provides daily advice to AM's various business teams on portfolio management, investing and lending activities, fundraising, the Investment Advisers Act, Investment Company Act, ERISA, and other various regulatory requirements. The individual will assist with managing complex regulatory audits focused on ERISA compliance and, in doing so, will interact with different business lines and control functions, including AM's Portfolio Management teams, Sales, Finance, Operations, Engineering, Legal, and Internal Audit. This is a highly collaborative role that will require excellent communication skills and strong project management skills. The ideal candidate will have a strong interest in understanding AM's business model and operational processes, as well as leveraging strong communication and relationship-building skills in frequent interactions with internal stakeholders and external auditors. The role requires excellent writing and project management skills, a strong understanding of applicable regulatory requirements, and the ability to communicate complex information clearly and concisely.

Principal Responsibilities:
• Assist with maintaining the compliance programs for SEC registered advisers, with an emphasis on ERISA
• Assist with managing a complex regulatory audit, including interfacing with auditors regarding information requests and the firm's responses
• Conduct informational interviews and gather responsive documentation
• Prepare written responses to information requests
• Coordinate meetings with auditors
• Advise internal stakeholders on auditors' expectations and prior firm interactions
• Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded
• Monitor the firm's progress in completing undertakings made to auditors during the course of the audit
• Keep detailed records of regulatory correspondence
• Advise internal stakeholders on potential enhancements to firm processes and controls identified during regulatory interactions
• Develop, draft and maintain compliance policies and procedures outlining firm requirements, regulations and best practices
• Create and deliver compliance trainings

Qualifications:
• Bachelor's degree required
• 3+ years of Compliance, Legal, Regulatory or Financial Services industry experience
• Excellent communications skills (oral and written), judgment, organizational skills, and project management skills
• Ability to handle multiple tasks simultaneously and work in a fast-paced environment
• Experience with ERISA regulations applicable to asset managers a plus

Salary Range
The expected base salary for this New York, NY, United States-based position is $85000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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