The Goldman Sachs Group, Inc

Compliance, Markets Surveillance, Associate, Salt Lake City

The Goldman Sachs Group, Inc • $70K — $95K *
Salt Lake City, UT 84118In-Person
Finance & Insurance
Less than 5 years of experience
Yesterday
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 3+ years experience in financial services
  • Strong understanding of financial products
  • Interest in compliance laws and regulations
  • Experience with Risk and Control Self Assessments frameworks
  • Excellent project management and organizational skills

Responsibilities

  • Lead coordination of the Market Abuse Risk Assessment (MARA) across teams
  • Perform risk assessment analysis documenting various risk rationales
  • Lead monthly calls with Line Compliance and stakeholders for MARA updates
  • Help prioritize risks needing improved control ratings
  • Define new or improved surveillance scenarios with stakeholders
  • Prepare detailed reports communicating findings to senior management
  • Perform regular management reporting on risk assessment progress

Benefits

  • Collaborative work environment with diverse academic backgrounds
  • Opportunity to influence compliance culture across the firm
  • Engagement in real-time change management reviews
  • Access to global resources and support from different regions
  • Professional development opportunities in compliance and risk management
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.

Markets Surveillance Compliance

Markets Surveillance Compliance (MSC)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.

Team Background

The MSC team consists of three key pillars: (i) Risk Assessment, (ii) Design & Development and (3) Investigate & Escalate to develop and enhance detective controls for market abuse risks. MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Team members are responsible for reviewing a set of surveillance reports and interacting with Line Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues to provide data and respond to requests from the various regulatory bodies that oversee our business lines.

To ensure appropriate control effectiveness and development, the Market Abuse Risk Assessment (MARA) team performs annual risk assessments and real-time change management reviews to assess the likelihood of risk impact and surveillance effectiveness enhancements to the MSC program. This open role is specific to the MARA team within MSC.

Additionally, MSC works closely with Line Compliance, Financial Crime Compliance, Regulatory Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, the team aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.

Key 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. This will require detailed technical knowledge of the different market abuse behaviors/indicators that the firm is exposed to and the most appropriate/effective way to monitor them.
  • 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. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it.
  • 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.

Basic Qualifications
  • Bachelor's Degree
  • Approximately 3 or more years of experience in financial services with a strong understanding of financial products

Preferred Qualifications
  • 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

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.

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

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