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Compliance, Markets Surveillance, Associate, Salt Lake City
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Full-time
bachelor degree
Training And Development Opportunities, Firmwide Networks, Wellness Programs, Personal Finance Offerings, Mindfulness Programs
Posted 22d ago
~40 hrs/week
Responsibilities
Lead the Market Abuse Risk Assessment (MARA) by coordinating with internal teams to update risk factors and monitor market abuse behaviors. Perform risk analysis, document control rationales, and prepare detailed reports for senior management.
Requirements
Requires a Bachelor's degree and at least 3 years of experience in financial services with a strong understanding of financial products. Preferred candidates have experience with RCSA frameworks and a quantitative academic background.
Full job description
Global Compliance
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.
Markets Surveillance Compliance
Markets Surveillance Compliance (MSC)has primary responsibility for the development and execution of the firm’s trade surveillance program, focused on market manipulation, insider trading and regional/policy related risks.
Team Background
The MSC team consists of three key pillars: (i) Risk Assessment, (ii) Design & Development and (3) Investigate & Escalate to develop and enhance detective controls for market abuse risks. MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Team members are responsible for reviewing a set of surveillance reports and interacting with Line Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues to provide data and respond to requests from the various regulatory bodies that oversee our business lines.
To ensure appropriate control effectiveness and development, the Market Abuse Risk Assessment (MARA) team performs annual risk assessments and real-time change management reviews to assess the likelihood of risk impact and surveillance effectiveness enhancements to the MSC program. This open role is specific to the MARA team within MSC.
Additionally, MSC works closely with Line Compliance, Financial Crime Compliance, Regulatory Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, the team aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.
Key Responsibilities
Lead divisional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to MSC surveillance teams, Line Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA. This will require detailed technical knowledge of the different market abuse behaviors/indicators that the firm is exposed to and the most appropriate/effective way to monitor them.
Perform risk assessment analysis, including but not limited to, documentation of Inherent Risk, Control Suite and Residual Risk rationales through internal systems .
Lead monthly calls with Line Compliance and MSC stakeholders to review MARA change management analysis.
Where applicable, help to prioritize risks and products where there is a need to improve control ratings. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it.
Work with other stakeholders (including Line Compliance and the business) on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate.
Be familiar with business flows across Equities and Fixed Income and challenge existing assumptions relating to risks and controls, as appropriate.
Prepare detailed reports and presentations to communicate risk findings and recommendations to stakeholders, including senior management and other departments.
Perform management reporting on a weekly, monthly and quarterly basis.
Strive to create a consistent approach across businesses, products and regions, as appropriate.
Basic Qualifications
Bachelor’s Degree
Approximately 3 or more years of experience in financial services with a strong understanding of financial products
Preferred Qualifications
Interest in compliance laws, rules, regulations, risks and typologies
Experience with Risk and Control Self Assessments (RCSA) frameworks and processes
Motivated by learning and continuous improvement
Ability to learn quickly, work independently, form own judgment/opinions, provide insights and drive change
Proactive with strong analytical, interpersonal and communication skills (written and verbal) and ability to work effectively with colleagues in other regional offices
Excellent project management and organizational skills and capability to handle multiple projects at one time
Strong attention to detail
Strong academic background, preferably in quantitative fields such as mathematics, computer science, engineering or statistics
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.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.
We aspire to be the world’s most exceptional financial institution, united by our shared values of partnership, client service, integrity, and excellence.
Operating at the center of capital markets, we act as one firm, mobilizing our people, capital, and ideas to deliver superior results across our clients’ most complex challenges.
For 157 years, Goldman Sachs has delivered world-class execution on a global scale across our leading Global Banking & Markets and Asset & Wealth Management businesses.
Apprenticeship is central to our culture, with hands-on coaching and access to leaders who bring decades of experience and expertise. With office locations around the world, we offer a broad range of career opportunities to those who insist on excellence and thrive on performance.
Find our Social Media Disclosures here: gs.com/social-media-disclosures
Offices: 200 West Street, New York, New York 10282, US
How many Legal jobs are open in Salt Lake City, UT right now?
There are currently 161 open legal positions in Salt Lake City, UT listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Legal roles in Salt Lake City, UT?
Companies currently hiring include Goldman Sachs, Utah Department of Transportation, Ford Motor Company, Buchalter, Filevine, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Legal jobs in Salt Lake City, UT?
Yes — 62 of the 161 open legal positions offer remote or hybrid work (10 remote, 52 hybrid).
How do I apply for Legal jobs in Salt Lake City, UT?
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