Compliance - Compliance Testing Group -Associate- Bengaluru
Goldman Sachs International
March 12, 2018
MORE ABOUT THIS JOB WHO WE ARE
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Bangalore, Hong Kong and other major financial centers around the world.
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.
RESPONSIBILITIES AND QUALIFICATIONS Looking for an individual that exudes energy, curiosity, and enthusiasm to join the Compliance Testing Group to conduct reviews of employee's compliance with policies and regulations and the firm's compliance control infrastructure. The Group is comprised of individuals with varying backgrounds and experience (former auditors, accountants, regulators, prosecutors, compliance professionals, lawyers and traders) and works with stakeholders in Compliance and business management to obtain consensus and implement corrective actions. The Group leverages its experience in financial products, markets and regulations to conduct reviews across the Securities Division, Investment Banking, Global Investment Research, Merchant Banking, Operations, and Technology.
The principal objective of the Compliance Testing Group is to create and execute detailed testing to assess compliance with regulations and firm policies. This is an exciting opportunity for an individual to work within an international team located in New York, Salt Lake City, London, Tokyo, Singapore, and Hong Kong. The individual will work closely with Compliance and business management, and gain an excellent understanding of both the firm's businesses and the rules and regulations under which the firm operates.
Propose methods of testing and execute plans discussed and agreed with a team leader
Gather data, perform analyses and document results
Identify potential compliance and reputational risks, and effectively escalate to appropriate individuals
Meet tight deadlines
Multi-task - have the ability to work on several different reviews with different individuals at the same time
Leverage strong communication skills to interact with Compliance and business senior management
Team with colleagues around the globe to share findings and refine processes
Knowledge of financial products, markets and regulatory policies
Knowledge of the securities business and sales practices
Excellent interview, presentation and written communication skills
Excellent time management, analytical and communication skills
Integrity, motivation, intellectual curiosity and enthusiasm
Knowledge of Microsoft Word and Excel is a must and knowledge of Access and PowerPoint is useful.
Auditing, testing, accounting, regulatory/law enforcement or trading experience
Operational or Compliance experience of Regulatory Reporting and/ or Client Assets preferable
Experience in the financial services industry, either working for another broker dealer, law firm, Big 4 firm or regulator
Financial instruments product knowledge (a Financial Engineering qualification, CFA, PRMIA or FRM qualifications would be useful)
Understanding of information technology systems and standard system implementation methodologies
Fluency in English language, both orally and in writing
Fluency in French, Spanish, German, Italian, Japanese, Korean, or Mandarin Chinese a plus
Understanding of accounting
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.