The Goldman Sachs Group, Inc

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

The Goldman Sachs Group, Inc • $95K — $115K *
Salt Lake City, UT 84118In-Person
Finance & Insurance
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 4-8 years' experience in CFTC, SEC, NFA swap dealer regulations
  • Proven experience in writing and implementing policies and management information reports
  • Product knowledge in OTC derivatives and securities-based swaps an advantage
  • Experience in monitoring and testing compliance programs
  • Strong interpersonal skills for managing stakeholder processes and driving change
  • Effective communication skills for engaging senior stakeholders in presentations and trainings
  • Ability to collaborate across different locations and time zones
  • Detail-oriented with strong analytical skills
  • Proficient in Excel, PowerPoint, and Microsoft Office
  • Bachelor's degree in a relevant field; JD preferred but not required

Responsibilities

  • Advise and enhance the Swap Dealer Compliance Program, including policies and procedures
  • Respond to regulatory inquiries, audits, and investigations, liaising with SEC, CFTC & NFA
  • Develop and maintain management reporting for senior stakeholders
  • Support CCOs in overseeing the Swap Dealer Compliance Program
  • Manage conflicts of interest and compliance issues within the program
  • Educate internal stakeholders on regulatory updates and engage in industry discussions
  • Advise the business on swap dealer regulatory requirements and expectations
  • Serve as an escalation point for non-compliance issue remediation
  • Assist in drafting CCO annual reports for relevant business entities
  • Assess effectiveness of compliance rules and conduct periodic risk assessments
  • Develop monitoring and testing protocols to review compliance controls
  • Create training programs for Associated Persons on regulatory obligations

Benefits

  • Opportunity to engage with diverse teams across various functions
  • Work in a firm committed to a culture of compliance and risk management
  • Access to professional development resources and training programs
  • Involvement in regulatory advocacy and industry discussions
  • Potential for career advancement in a leading financial services firm
Full Job Description
Job Description

Global Compliance

Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm's culture of compliance. Compliance accomplishes these through the firm's enterprise-wide compliance risk management program. As an independent control function and part of the firm's second line of defense, Compliance assesses the firm's compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules 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. You'll be part of a team with members from a wide range of academic and professional backgrounds, such as law, accounting, sales, and trading. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Swap Dealer Compliance seeks a Compliance Officer to advise internal stakeholders on implementation and development of CFTC, NFA and SEC swap dealer requirements, including developing relevant compliance program elements including policies and procedures, training, risk assessments, issues management, governance and management reporting, metrics and assisting in the remediation of noncompliance matters. This position will require engagement with the business, including 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 & NFA swap regulations is preferred to uplift the compliance program and assist the firm's swap dealing entities and their Chief Compliance Officers (CCOs) satisfy their obligations under relevant rules.

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)
  • Assist with the development and maintenance of management reporting for Boards of Directors, CEOs and other senior stakeholders at the firm
  • Support the CCOs in administering their duties to overseeing the firm's Swap Dealer Compliance Program
  • Assist in managing 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 the swap dealer regimes including swap data reporting, business conduct, margin among other areas
  • 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 the relevant CFTC, NFA and SEC rules on a periodic basis together with obligations, risks and controls, including risk assessment activities
  • Assist in developing monitoring and testing to review and challenge controls and implementation of obligations with Compliance and business teams, and work 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 those employees of their obligations and expected behaviors


Qualifications:
  • 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
  • Product knowledge and regulatory experience within the OTC derivatives and securities-based swaps businesses a plus
  • Assist with the monitoring, and testing of compliance programs
  • 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
  • JD preferred but not required

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.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

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.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

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
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates
Ad banner background

Get Ready For Your
Next Interview

More Jobs at The Goldman Sachs Group, Inc

More Finance & Insurance Jobs

Find similar Compliance, GBM Public, Swap Dealer Compliance, Associate, Salt Lake City jobs:

NationwideSalt Lake City, UT