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- Tasks: Join our team to assess market abuse risks and enhance surveillance controls.
- Company: Goldman Sachs is a leading global investment banking and securities firm, committed to diversity and inclusion.
- Benefits: Enjoy professional growth opportunities, wellness programs, and a supportive work environment.
- Why this job: Make an impact in compliance while collaborating with diverse teams across the globe.
- Qualifications: Bachelor's degree and 5 years of financial services experience required; strong analytical skills preferred.
- Other info: We value proactive learners who can drive change and work independently.
The predicted salary is between 43200 - 72000 £ per year.
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. Learn more 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. Learn more: 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. #J-18808-Ljbffr
Compliance, Markets Surveillance - Market Abuse Risk Assessment & Governance, Associate, London employer: Goldman Sachs, Inc.
Contact Detail:
Goldman Sachs, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance, Markets Surveillance - Market Abuse Risk Assessment & Governance, Associate, London
✨Tip Number 1
Familiarise yourself with the latest compliance laws and regulations related to market abuse. Understanding these will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the compliance and financial services sectors. Attend industry events or webinars to connect with people who can provide insights into the role and potentially refer you.
✨Tip Number 3
Stay updated on current trends and news in financial markets, especially those related to market manipulation and insider trading. This knowledge will be invaluable during discussions with interviewers.
✨Tip Number 4
Prepare to discuss specific examples of risk assessment and control measures you've encountered in your previous roles. Being able to articulate your experience will set you apart from other candidates.
We think you need these skills to ace Compliance, Markets Surveillance - Market Abuse Risk Assessment & Governance, Associate, London
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Compliance, Markets Surveillance position. Familiarise yourself with market abuse risks and the specific functions of the Market Abuse Risk Assessment (MARA) team.
Tailor Your CV: Highlight your relevant experience in financial services, particularly any roles that involved compliance, risk assessment, or surveillance. Use specific examples to demonstrate your understanding of financial products and market abuse behaviours.
Craft a Compelling Cover Letter: In your cover letter, express your motivation for applying and how your skills align with the job requirements. Mention your interest in compliance laws and your proactive approach to learning and improvement, as these are key attributes for this role.
Showcase Analytical Skills: Since the role requires strong analytical abilities, provide examples in your application that showcase your problem-solving skills and your capacity to handle multiple projects. Highlight any experience with data analysis or project management.
How to prepare for a job interview at Goldman Sachs, Inc.
✨Understand Market Abuse Indicators
Familiarise yourself with the different market abuse behaviours and indicators relevant to the role. Be prepared to discuss how these can be monitored effectively, as this knowledge will demonstrate your technical expertise and understanding of the compliance landscape.
✨Showcase Analytical Skills
Prepare to showcase your analytical abilities by discussing past experiences where you performed risk assessments or data analysis. Highlight specific examples where your insights led to improved controls or processes, as this aligns with the responsibilities of the MARA team.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating complex ideas clearly and concisely, especially when discussing risk findings or recommendations. This will help you convey your thoughts during the interview and demonstrate your interpersonal skills.
✨Demonstrate Proactivity
Be ready to discuss instances where you took initiative in your previous roles. Whether it was leading a project or proposing new monitoring scenarios, showing that you are proactive and driven to improve processes will resonate well with the interviewers.
