At Goldman Sachs, the mandate of Global Compliance is to prevent, detect and mitigate compliance, regulatory, and reputational risk across the firm and help to strengthen the firm’s culture of compliance. Compliance accomplishes this mandate 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. Compliance provides advice on how to conduct the firm’s business in a manner that complies with the vast array of rules, regulations and regulatory expectations around the globe. Importantly, Compliance plays a key role in reviewing and effectively challenging transactions presenting compliance or reputational risks.
BUSINESS UNIT AND ROLE OVERVIEW
Part of the Global Compliance Division, the firm’s Control, Finance & Operating Divisions (“CF&O”) Compliance team is a global team with responsibility for providing compliance coverage to the Control, Finance & Operating Divisions, comprised of Engineering, Controllers, Corporate Treasury, Risk, Corporate and Workplace Solutions, Corporate Planning & Management, Executive Office, Tax and Human Capital Management divisions and business-aligned operations functions. The team has members in Singapore, Tokyo, Bengaluru, Dallas, London, New York, Salt Lake City, and Warsaw.
CF&O Compliance contributes to the compliance mandate by: 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 of the above-referenced CF&O groups, testing the effectiveness of controls, writing policies and procedures and communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiative
ROLE AND RESPONSIBILITIES / YOUR IMPACT
In CF&O Compliance in Singapore, you will cover the (i) CF&O divisions in Singapore, Hong Kong and other Asia Pacific markets, and (ii) Global Corporate Treasury with our Global CF&O compliance team.
You will also participate in region-wide and global initiatives to enact the Global Compliance mandate. To fulfill this role and responsibilities, you will be:
- Conducting risk identification, measurement and assessment
- Monitoring for compliance with laws, rules, regulations and policies
- 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 stakeholders
- Articulating and maintaining the standards of conduct required of CF&O divisions, especially Corporate Treasury, as well as the laws, regulations and policies governing these businesses to assist the firm in mitigating regulatory and conduct risk globally
- Supporting the Corporate Treasury Division's functional areas, including Corporate Treasury trading, which focuses on efficient management of liabilities supporting the firm’s assets, including issuance of secured and unsecured liabilities and execution of interest rate, currency, and other hedging strategies
HOW YOU WILL FULFILL YOUR POTENTIAL
- Advise, challenge and influence the CF&O divisions about regulations, policies and reputational risk
- Identify, investigate and manage compliance issues involving the CF&O divisions
- Analyze 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
- Recommend compliance testing work to be performed for the CF&O divisions
- Draft and assist in the implementation of policies and procedures
- Develop and deliver communication and training to the CF&O divisions
QUALIFICATIONS AND SKILLS
A strong candidate for CF&O Compliance will satisfy the following criteria:
- Bachelor’s degree; advanced degree in relevant field (e.g., J.D., LL.M., M.B.A.) is a plus but not required
- At least 5-7 years of work experience, including 3 years as a compliance officer or in a risk management role focused on regulatory requirements
- Strong knowledge of the Singapore Banking Act and the Singapore regulatory environment is an advantage
- Strong understanding of EU and US regulation (MIFID II, MAR, Dodd Frank, CFTC, SEC) is an advantage
- Compliance/Legal/Regulatory background covering Corporate Treasury / Treasury trading functions is an advantage
- Good interpersonal skills and effective written/oral communication skills.
- Detail-oriented with ability to multitask, organize and prioritize.
- Knowledge of operational practices in securities and derivatives markets
- Knowledge of regulations, practices and markets infrastructure
- Clear, concise written and verbal communications skills; able to communicate with impact at senior levels
- Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
- Sound judgment, ethics and integrity
- Ability to build relationships with stakeholders of various seniority and across different roles.
- Proactive, self-motivated, assertive and well organized.
- Strong analytical, technical and problem-solving skills, with the ability to exercise sound and balanced judgment.
- Ability to work independently and yet remain a strong team player.
- Ability to handle multiple tasks simultaneously and work to tight deadlines, balancing short-term and long-term projects
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
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