Compliance, Asset & Wealth Management Compliance, Associate, London

OUR IMPACT

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Dublin, The Hague, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.

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.

BUSINESS UNIT AND ROLE OVERVIEW

This is a role on the Asset Wealth Management(“AWM”) Compliance Advisory team helping to provide compliance advisory services covering portfolio management, trading, sales and marketing activity within Goldman Sachs Asset Management International (“GSAM”) based in London, where GSAM is part of the broader AWM business. The successful candidate will work with business partners, Legal and Compliance colleagues in connection with helping to respond to regulatory requests, respond to compliance queries from the business, uplift compliance program in response to regulatory reform, perform surveillance and forensic reviews, train the business in compliance matters, participate in policy updates and drafting, conduct marketing material sign off, and advise on sales activity.

EXPERIENCE

• Ability to work as part of a team as well as act as project lead on various compliance matters
• Good familiarity with a number of aspects of asset management compliance
• Represented compliance on projects such as new activities, new products or regulatory reform
• Understanding of compliance programs and development and implementation of those programmes
• Production of materials and presentation of those to senior firm committees and/or board
• Ability to deal with business personnel and deliver good compliance outcomes in time constrained situations

RESPONSIBILITIES

• Provide Compliance support and representation on AWM strategic initiatives
• Review and approval of financial promotion materials
• Provide daily compliance surveillance of GSAM portfolios for regulatory requirements and applicable policies and procedures
• Compliance monitoring of any aspects of regulations as part of general monitoring or forensic review work
• Assistance in the production of board reports of for the Head of EMEA AM Compliance
• Participate in the review and evaluation of new instruments and vehicles to identify compliance issues and surveillance needs
• Develop and draft compliance policies and procedures, outlining firm policies, regulations and best practices
• Ensure breaches and complaints are logged and cover the compliance aspect of the sign off
• Create compliance training programs
  • Performing tasks relating to marketing, distribution and third-party distributor due diligence
• Compliance advisory regarding global asset management marketing and distribution questions: UCITS/Non-UCITS/cross border distribution
• Review and approval of due diligence on third party distributors
• Compliance advisory on new GSAM fund launch projects
• Preparation, organisation and delivery of compliance trainings
• Miscellaneous projects as required

QUALIFICATIONS

• 3 years compliance experience, (asset management experience preferred, but not essential)
• Risk and control focused individual with excellent judgment
• Knowledge of investment instruments including derivatives
• General compliance knowledge and familiarity with FCA regulations, MiFID, UCITS and AIFM Directives. Knowledge of CSSF, CBI, BaFin, SEC, Investment Adviser's Act, Investment Company Act, ERISA is helpful but not required.
• Effective analytical and organizational skills
• Strong verbal and written communication skills
• Ability to handle multiple tasks with attention to detail and work under pressure
• Ability to work both independently and as part of a team
• Graduate equivalent education (Preferred)
  

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.
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