Global Banking & Markets, Public Office of Regulatory Relations, Associate - New York

$100,000 - $160,000/Yr

Goldman Sachs - New York, NY

Full-time - Mid Level

New York, NY

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The position at Goldman Sachs involves engaging with regulatory agencies and internal business unit leaders to provide expert guidance on regulatory matters, control, and remediation. The role focuses on standardizing and enhancing regulatory relations, managing examinations, and improving accountability across the Global Banking & Markets division. The successful candidate will drive strategic initiatives, develop subject matter expertise, and create management reporting to improve visibility and facilitate escalation to senior leadership.

Responsibilities

• Partner with Business Unit Leaders, COOs, Compliance to manage regulatory exams, enquiries, MRIAs.
• Adopt centralized standards for management of regulatory relations, exams, and responses.
• Standardize regulatory remediation execution, tracking, and reporting across the Global Banking & Markets division.
• Implement processes & governance uplift with Business Leaders, Compliance, Legal, Engineering.
• Drive strategic initiatives to streamline existing preventive and detective controls design, workflows, and processes across different regulatory obligations.
• Develop subject matter expertise on covered obligations/functions and collaborate with various working groups across multiple stakeholders to ensure all risks are mitigated and managed properly.
• Act as the face of business at internal governance forums & regulatory engagement.
• Identify ways to share risk best practices across teams and functions, and with other business lines where like processes exist/there is exposure to similar risk.
• Develop management reporting (e.g., metrics, dashboards) to improve visibility and facilitate escalation to obligation owners, desks, and senior leadership.

Requirements

• 4-7 years of experience in a risk management context within Global Banking & Markets.
• Solid understanding of the Global Banking & Markets franchise offered by the Firm.
• Strong interpersonal and analytical skills with an interest in the broader control environment within financial services.
• Excellent communication skills to articulate issues and ideas with different levels across stakeholders.
• Strong analytical skills with the ability to understand complex workflows and excellent attention to detail.
• Innovative mindset with a keen eye for identifying areas of control enhancements and automation.
• Good influencing skills to challenge the status quo and enhance the control environment.
• Ability to translate regulatory requirements into practical guidance and action plans.
• Ability to analyze data for root cause/trending/impact analyses to drive decision making.
• Experience working with Technology including defining and clarifying business requirements.
• Ability to manage timelines/deadlines, multiple projects, and prioritize tasks in a rapidly changing environment.
• Ability to identify and articulate complex issues to diverse stakeholders and propose solutions.

Nice-to-haves

• Proven project management skills, including the ability to prioritize and manage multiple initiatives simultaneously.
• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across divisions.
• MS Office proficiency.

Benefits

• Competitive salary range of $100,000-$160,000 with eligibility for discretionary bonuses.
• Comprehensive benefits and wellness offerings for full-time and part-time employees working at least 20 hours per week.