The Goldman Sachs Group, Inc

Compliance, Private Wealth Management (PWM), Associate, San Francisco

The Goldman Sachs Group, Inc$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 3 years of relevant experience
  • Experience with legal, regulatory and compliance issues in finance
  • Strong analytical and risk assessment skills
  • Ability to secure Series 7, 9, and 10 licenses or pass them in a reasonable timeframe
  • Excellent interpersonal skills for relationship building and consensus

Responsibilities

  • Monitor and conduct surveillances on compliance with regulations and internal controls
  • Assess financial product and transaction suitability for a diverse client base
  • Interact daily with PWM business, Divisional Compliance, Legal, and Operations teams
  • Review marketing materials for Private Wealth Management products
  • Advise PWM teams on regulatory compliance and client issues
  • Participate in PWM and Global Compliance projects

Benefits

  • Access to a wide range of internal resources for professional growth
  • Opportunity to work in a collaborative, multi-disciplinary environment
  • Participation in significant compliance initiatives
  • Exposure to diverse areas of financial compliance
  • Engagement with regulatory examinations and audits, enhancing career experience
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.

Job Summary & Responsibilities

Goldman Sachs Global Compliance is dedicated to protecting the reputation of the firm, managing risk and helping to advance the business of the firm. From global financial centers to important developing markets, Global Compliance professionals interpret and ensure compliance with regulatory requirements and determine how the firm can appropriately pursue global market opportunities. Global Compliance is organized broadly into divisional compliance groups and centralized compliance groups. This supports the Private Wealth Management Business.

Private Wealth Management Compliance is seeking an Associate to join our team and be based out of our San Francisco office. As part of this team, the primary responsibilities will include:
  • Monitoring and conducting surveillances focusing on compliance with regulatory and/or internal controls
  • Assessing financial product and transaction suitability relating to a range of clients, ensuring strict compliance with regulations and internal policies
  • Interacting with the Florida PWM business, Divisional Compliance, Legal and Operations teams on a daily basis
  • Reviewing marketing materials that are used to pitch Private Wealth Management products and services to clients
  • Advising Private Wealth Management teams on regulations, policies and client issues
  • Participating in US PWM and Global Compliance projects and initiatives

Basic Qualifications:
  • Bachelor's degree required
  • Three years of relevant experience

Skills and Characteristics:

An ideal candidate should:
  • Have experience with legal, regulatory and compliance issues in the financial industry
  • Possess excellent interpersonal skills - team player, able to forge relationships, build consensus, and influence decisions
  • Work well under pressure and has a positive, hands-on, "can do" attitude
  • Be able to devise and implement creative and innovative solutions
  • Possess strong analytical and risk assessment skills as well as concise verbal and written communication skills
  • Be a quick learner and self-starter, with the ability to work effectively with minimal supervision
  • Have the ability to multi-task and adapt to new situations and a dynamic work environment
  • Hold the Series 7, 9 and 10 or be willing and able to pass exams in a reasonable period of time

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

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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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