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

$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 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 enhancing regulatory relations, managing examinations, and improving accountability across the Global Banking & Markets division. The successful candidate will work collaboratively with various stakeholders to streamline processes and ensure compliance with regulatory obligations.

Responsibilities

• Partner with Business Unit Leaders, COOs, Compliance to manage regulatory exams, enquiries, MRIAs
• Adopting centralized standards for management of regulatory relations, exams and responses
• Standardize regulatory remediation execution, tracking and reporting across the Global Banking & Markets division
• Implementation of 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
• Face of business at internal governance forums & regulatory engagement
• Identify ways to share risk best practice 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
• Knowledge of Global Banking & Markets businesses and ability to build relationships with sales / trading personnel.

Requirements

• 4-7 years of experience in a relevant field
• Solid understanding of the Global Banking & Markets franchise
• Experience within a risk management context
• Strong interpersonal and analytical skills
• Excellent communication skills to articulate issues and ideas clearly
• Strong analytical skills with attention to detail
• Ability to identify areas of control enhancements and automation
• Ability to translate regulatory requirements into practical guidance and action plans
• Experience working with Technology including defining and clarifying business requirements
• Proven project management skills
• Good interpersonal and teamwork skills to collaborate as a global team

Nice-to-haves

• Innovative mindset with a keen eye for identifying control enhancements
• Ability to manage timelines/deadlines and prioritize tasks in a rapidly changing environment
• Ability to craft effective presentations and reporting for diverse stakeholders
• Keeps current with emerging business, economic and market trends
• MS Office proficiency

Benefits

• Competitive salary range of $100,000-$160,000
• Discretionary bonus eligibility
• Comprehensive benefits and wellness offerings
• Training and development opportunities
• Firmwide networks and personal finance offerings
• Mindfulness programs