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

$85,000 - $110,000/Yr

Goldman Sachs - New York, NY

Full-time - Entry 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 regulatory relations, enhancing examination processes, and improving accountability across the Global Banking & Markets division. The successful candidate will have high visibility and impact, working closely with various stakeholders to streamline controls and ensure compliance with regulatory obligations.

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

• 0-3 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 along 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 detail.
• Innovative mindset with a keen eye for identifying areas of control enhancements and automation.
• Good influencing skills to challenge the status quo and continuously enhance the control environment.
• 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.
• Ability to manage timelines/deadlines, multiple projects and prioritize tasks in a rapidly changing environment.
• Ability to identify and articulate complex issues to a diverse group of stakeholders, propose mitigants/solutions and escalate appropriately.
• Ability to craft and generate effective and influential presentations, metrics, reporting to a diverse group of stakeholders.
• Proven project management skills, including the ability to prioritize and manage multiple initiatives simultaneously.
• 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.
• MS Office proficiency.

Benefits

• Competitive salary range of $85,000-$110,000.
• Eligibility for a discretionary bonus based on fiscal year-end performance.
• Comprehensive benefits and wellness offerings for full-time and part-time employees working at least 20 hours per week.