Compliance, Regulatory Practice - Futures and Commodities, Vice President

Pay Competitive

Location New York/New York

Employment type

Full-Time

Req#: 111788 Global ComplianceOur 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.

Overview

Our business principle #2 states: “We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us. Our continued success depends upon unswerving adherence to this standard.”

It is the role of Goldman Sachs’ Global Compliance Division to help ensure that every employee and client of the firm upholds this principle. Accordingly, the Division is viewed as an integral part of the firm, enabling it to conduct business confidently in complex global markets.

Part of the Global Compliance Division, the firm’s Regulatory Practice Group (“RPG”) is a dynamic, global team of more than 50 professionals charged with interfacing with regulators on regulatory examinations and inquiries received in jurisdictions worldwide. The team has members in New York, Bengaluru, Dallas, Hong Kong, London, Sydney, and Tokyo.

The RPG team for the Americas is looking for a talented and experienced professional to join the firm as a Vice President in the firm’s New York or Dallas offices, focusing on regulatory exams and inquiries relating to Goldman Sachs’ various U.S. businesses. The position will focus in particular on representing the firm in its interactions with the CFTC, NFA and CME relating to those firm businesses that transact in futures, and commodities.

These interactions frequently focus on topics such as potential market abuse and/or manipulation, regulatory reporting requirements, risk management practices, newly-enacted regulations, recordkeeping, and supervisory policies and procedures, to name a few.

Responsibilities

The RPG team for the Americas coordinates, on behalf of Goldman Sachs, responses to requests for information received by the firm from U.S. financial industry regulators, including the SEC, CFTC, FINRA and NFA. The team also periodically responds to requests for information from foreign regulators. The majority of requests handled by RPG seek to test and/or confirm Goldman Sachs’ compliance with the laws and regulations applicable to its many businesses.

As the liaison between the firm and its regulators on matters of regulatory compliance, RPG team members work closely with business, engineering, operations, risk, compliance and legal teams throughout the firm. In the course of their work, RPG team members, among other responsibilities: (i) research applicable rules and interpretive guidance, (ii) form and coordinate working groups of relevant firm personnel, (iii) interface with regulators regarding information requests and the firm’s responses, (iv) conduct informational interviews and gather responsive documentation, (v) prepare written responses to information requests, (vi) coordinate in-person meetings with regulators as appropriate, (vii) advise internal stakeholders on regulators’ expectations and prior firm interactions, (viii) manage a docket of multiple regulatory matters (both inquiries and exams), (ix) monitor the firm’s progress in completing…