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

$100,000 - $160,000/Yr

Goldman Sachs - New York, NY

Part-time - Mid Level

New York, NY

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

About the position

The Associate position in the Global Banking & Markets, Public Office of Regulatory Relations at Goldman Sachs involves engaging with regulatory agencies and internal business leaders to provide expert guidance on regulatory matters. The role focuses on managing regulatory exams, standardizing responses, and improving remediation outcomes across the division. The successful candidate will play a key role in driving strategic initiatives, developing management reporting, and collaborating with various stakeholders to ensure compliance and risk management.

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 relevant field.
• Solid understanding of the Global Banking & Markets franchise offered by the Firm and experience within a risk management context.
• Strong interpersonal and analytical skills with an interest in the broader control environment within financial services.
• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking & Markets stakeholders.
• Strong analytical skills with an ability to understand complex workflows, and excellent attention to details.
• Innovative mindset with a keen eye for identifying areas of control enhancements and automation.
• Ability to translate regulatory requirements into practical guidance and action plans for the firm.
• Ability to translate and analyze data to perform root cause/trending/impact analyses to drive decision making.
• Experience working with Technology including defining and clarifying business requirements.
• Proven project management skills, including the ability to prioritize and manage multiple initiatives simultaneously.

Nice-to-haves

• MS Office proficiency.
• Good influencing skills to challenge the status quo and continuously enhance the control environment.
• Ability to craft and generate effective and influential presentations, metrics, reporting to a diverse group of stakeholders.
• Sound time management skills to effectively prioritize and multi-task.
• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across Divisions.

Benefits

• Competitive salary range of $100,000-$160,000.
• Discretionary bonus eligibility for active employees at fiscal year-end.
• Comprehensive benefits and wellness offerings for full-time and part-time employees working at least 20 hours per week.