Job Description

Markets Surveillance Compliance (MSC)has primary responsibility for the development and execution of the firm's trade surveillance program, focused on market manipulation, insider trading and regional/policy related risks.

OUR IMPACT

The MSC team consists of three key pillars: (i) Risk Assessment, (ii) Design & Development and (iii) Investigate & Escalate to develop and enhance detective controls for market abuse risks. MSC performs surveillance alert reviews and maintains oversight of such controls to ensure the continuing effectiveness of those controls. Team members are responsible for reviewing a set of surveillance reports and interacting with Line Compliance and the business to determine whether an exception can be closed or requires further escalation. Team members also work with colleagues to provide data and respond to requests from the various regulatory bodies that oversee our business lines.



To ensure appropriate control effectiveness and development, the Market Abuse Risk Assessment (MARA) team performs annual risk assessments and real-time change management reviews to assess the likelihood of risk impact and surveillance effectiveness enhancements to the MSC program. This open role is specific to the MARA team within MSC.



Additionally, MSC works closely with Line Compliance, Financial Crime Compliance, Regulatory Compliance and Compliance Engineering as well as other groups within the Firm across all regions (including Americas, EMEA and APAC), as such, the team aims to bring a global perspective and globally coordinated approach to mitigate local regulatory risks.

YOUR IMPACT

Lead divisional coordination of the Market Abuse Risk Assessment (MARA) including working closely with various internal teams (including but not limited to MSC surveillance teams, Line Compliance and Engineering), to ensure relevant risk factors are continuously updated and monitored in the MARA. This will require detailed technical knowledge of the different market abuse behaviors/indicators that the firm is exposed to and the most appropriate/effective way to monitor them. Perform risk assessment analysis, including but not limited to, documentation of Inherent Risk, Control Suite and Residual Risk rationales through internal systems Lead monthly calls with Line Compliance and MSC stakeholders to review MARA change management analysis Where applicable, help to prioritize risks and products where there is a need to improve control ratings. This may include performing an analysis of the risk and proposing logic/detection criteria that is reasonably designed to detect it. Work with other stakeholders (including Line Compliance and the business) on defining new/improved scenarios and/or efficiency opportunities to further enhance automated surveillance coverage as appropriate. Be familiar with business flows across Equities and FICC and challenge existing assumptions relating to risks and controls, as appropriate. Prepare detailed reports and presentations to communicate risk findings and recommendations to stakeholders, including senior management and other departments Perform management reporting on a weekly, monthly and quarterly basis Strive to create a consistent approach across businesses, products and regions, as appropriate.

Basic Qualifications

Bachelor's Degree Approximately 5 years of experience in financial services with a strong understanding of financial products

Preferred Qualifications

Interest in compliance laws, rules, regulations, risks and typologies Motivated by learning and continuous improvement Ability to learn quickly, work independently, form own judgment/opinions, provide insights and drive change Proactive with strong analytical, interpersonal and communication skills (written and verbal) and ability to work effectively with colleagues in other regional offices Excellent project management and organizational skills and capability to handle multiple projects at one time Strong academic background, preferably in quantitative fields such as mathematics, computer science, engineering or statistics

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. about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. : https://www.goldmansachs.com/careers/footer/disability-statement.html





The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.


Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.


Financial Wellness & Retirement
We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.


Health Services
We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.


Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).


Child Care & Family Care
We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.


Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.



Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
London
JOB FUNCTION
Financial Crime Controls
DIVISION
Compliance Division