What are the responsibilities and job description for the Compliance, CF&O Compliance Associate - Dallas position at Goldman Sachs?
Job Description
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.
Business Unit And Role Overview
Controls, Finance, and Operating (“CF&O”) Compliance provides compliance coverage to the Operations, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Corporate Planning Management, Risk, Tax and Human Capital Management divisions (“CF&O divisions”). This includes conducting risk identification, measurement and assessment, monitoring for compliance with laws, rules, regulations and policies, including the identification and investigation of conduct related issues, participating in firm responses to regulatory examinations, audits and inquiries, performing surveillance and investigations of business activities, testing the effectiveness of controls, writing policies and procedures, communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiative.
Responsibilities And Qualifications
As part of the Dallas CF&O Compliance team, you will provide compliance support and coverage for the firm’s CF&O divisions, with an initial focus on marketing materials created by the Executive Office and key regulatory risks associated with a global marketing function. You will also participate in region-wide and global initiatives to enact the Global Compliance mandate and business unit priorities. To fulfill this role and responsibilities, you will need to:
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.
Business Unit And Role Overview
Controls, Finance, and Operating (“CF&O”) Compliance provides compliance coverage to the Operations, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Corporate Planning Management, Risk, Tax and Human Capital Management divisions (“CF&O divisions”). This includes conducting risk identification, measurement and assessment, monitoring for compliance with laws, rules, regulations and policies, including the identification and investigation of conduct related issues, participating in firm responses to regulatory examinations, audits and inquiries, performing surveillance and investigations of business activities, testing the effectiveness of controls, writing policies and procedures, communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiative.
Responsibilities And Qualifications
As part of the Dallas CF&O Compliance team, you will provide compliance support and coverage for the firm’s CF&O divisions, with an initial focus on marketing materials created by the Executive Office and key regulatory risks associated with a global marketing function. You will also participate in region-wide and global initiatives to enact the Global Compliance mandate and business unit priorities. To fulfill this role and responsibilities, you will need to:
- Review, make recommendations and approve customer facing information and marketing materials in accordance with applicable rules, policies, procedures and controls established to mitigate compliance risks
- Coordinate reviews with cross-divisional Compliance and Legal teams, and internal subject matter experts
- Regularly review and update policy and procedure documentation
- Draft, update and deliver training & communications related to the marketing content review process
- Advise, challenge and influence the CF&O divisions regarding the application of regulations and firm policies, including personal Compliance matters
- Assess and communicate reputational risk considerations across a range of topics impacting the CF&O divisions
- Identify, investigate and manage compliance issues involving the CF&O divisions
- Analyze marketing and social media-related regulatory changes and enforcement actions, to assess the impact to the CF&O divisions, and participate in work to ensure the business is able to support new requirements
- Review surveillance alerts and conduct forensic reviews to monitor the CF&O divisions’ compliance with regulations and firm policies
- Coordinate with the broader CF&O Compliance team and cross-divisional Compliance teams on initiatives and projects
- Provide day-to-day Compliance oversight, including personal Compliance matters
- Have deep understanding of compliance and regulatory rules, policies and business
- Provide guidance to internal stakeholders on appropriate interpretation and application of policies/procedures
- Escalate situations to relevant stakeholders in timely fashion
- Develop and maintain relationships to enable frequent interaction with other areas of the firm and professionals across the globe
- Bachelor's degree
- 3-8 years of prior work experience as a compliance officer, including at least 2 years of work experience in a marketing-related risk management role
- Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook)
- Highly organized with exceptional attention to detail and follow-through
- Strong ability to manage multiple projects with competing deadlines
- Team player with positive attitude and strong work ethic
- Strong communication skills (written and verbal)
- Ability to work in a fast-paced environment
- Ability to adapt quickly to a variety of industries and businesses
- Ability to self-direct, analyze and evaluate and form independent judgments
- Ability to effectively interact and build relationships with senior management and global stakeholders
- Commercially savvy with ability to exercise discretion with respect to highly confidential/sensitive information
- Integrity, ethical standards and sound judgment
