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, Hong Kong and other major financial centres around the world.
BUSINESS UNIT OVERVIEW
The Compliance Risk Control Group ("CRCG") is part of the Securities Division Compliance team which provides compliance coverage and support to the Equities and FICC (Fixed Income, Currency and Commodities) Sales and Trading businesses.
CRCG's primary function is to manage compliance and regulatory risk through the development and oversight of controls. CRCG helps identify and prioritize the compliance and regulatory risks across the Securities Division businesses, and works to develop and/or enhance appropriate risk control measures to mitigate such risks. The controls include preventative front-end trading system controls and processes, surveillance reports and processes, forensic analysis and management information systems. Post development, CRCG maintains reviews and provides oversight of such controls to ensure the continuing integrity, relevance and proper performance of those controls.
CRCG works closely with the Business, Line Compliance and Technology as well as other groups within the Firm. CRCG has team members globally across the US, EMEA and Asia, and as such, aims to bring a global perspective and globally co- ordinated approach as well as customized solutions to mitigate local regulatory risks.
Review and Oversight of Controls
Review of surveillance exceptions with Business Personnel and Compliance Officers
Conduct ad-hoc reviews based on trends and emerging risks
Monitor that surveillance reviews are being performed properly from a qualitative and timeliness perspective
Oversight of exception reviews generated by detective controls
Identify enhancements to existing controls
Test the integrity of system controls and surveillance reports by participating in testing programs and validating test results
Participate in periodic risk assessments Development of Controls
Partner with Business Personnel, Compliance Officers, and Compliance Technology to develop and/or enhance system controls, surveillances and associated procedures and training
Apply a consistent approach across businesses, products and regions
Develop associated functional specifications and testing scripts Management Information Systems
Develop and/or enhance systematic processes for escalating issues
Develop and/or enhance tools to track repeat offenders and identify patterns of problematic activity across businesses, products and regions
Coordinate issues, findings and practices with colleagues across regions and/or divisions
Generation of management reports
Reporting of exception reviews generated by detective controls
SKILLS / EXPERIENCE
Inquisitive and proactive in identifying risks and proposing solutions
Good interpersonal skills and excellent written/oral communication skills
Ability to work with a variety of senior and junior people, and build smooth working relationships
Highest attention to detail
Good team player - one who is able to prioritize in a fast moving, constantly changing environment
Ability to work alone and act as project manager
Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment
Ability to handle multiple tasks simultaneously and work under tight deadlines
Previous experience in Compliance, Surveillance, Internal Audit or other control function an advantage
Basic knowledge of securities markets, businesses, products
Basic working knowledge of securities and exchange rules and regulation