Regulatory Practice Group, VP

Dallas, TX

Our business principle #2 states: “We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us. Our continued success depends upon unswerving adherence to this standard.”

It is the role of Goldman Sachs’ Global Compliance Division to help ensure that every employee and client of the firm upholds this principle. Accordingly, the Division is viewed as an integral part of the firm, enabling it to conduct business confidently in complex global markets.

Part of the Global Compliance Division, the firm’s Regulatory Practice Group (“RPG”) is a dynamic, global team of more than 50 professionals charged with interfacing with regulators on regulatory examinations and inquiries received in jurisdictions worldwide. Led by a Global Head in New York, the team has members in Bengaluru, Dallas, Hong Kong, Jersey City, London, New York, Salt Lake City, Sydney and Tokyo.

The RPG team for the Americas is looking for a talented and experienced professional to join the firm as a Vice President in the firm’s Dallas office, focusing on regulatory exams and inquiries relating to Goldman Sachs’ various U.S. businesses. The position will focus in particular on representing the firm in its interactions with the CFTC, NFA and CME relating to those firm businesses that transact in futures, swaps, and commodities. These interactions frequently focus on topics such as potential market abuse and/or manipulation, regulatory reporting requirements, risk management practices, newly-enacted regulations, recordkeeping, and supervisory policies and procedures, to name a few.

Responsibilities

The RPG team for the Americas coordinates, on behalf of Goldman Sachs, responses to requests for information received by the firm from U.S. financial industry regulators, including the SEC, CFTC, FINRA and NFA. The team also periodically responds to requests for information from foreign regulators. The majority of requests handled by RPG seek to test and/or confirm Goldman Sachs’ compliance with the laws and regulations applicable to its many businesses.

As the liaison between the firm and its regulators on matters of regulatory compliance, RPG team members work closely with business, engineering, operations, risk, compliance and legal teams throughout the firm. In the course of their work, RPG team members, among other responsibilities: (i) research applicable rules and interpretive guidance, (ii) form and coordinate working groups of relevant firm personnel, (iii) interface with regulators regarding information requests and the firm’s responses, (iv) conduct informational interviews and gather responsive documentation, (v) prepare written responses to information requests, (vi) coordinate in-person meetings with regulators as appropriate, (vii) advise internal stakeholders on regulators’ expectations and prior firm interactions, (viii) manage a docket of multiple regulatory matters (both inquiries and exams), (ix) monitor the firm’s progress in completing undertakings made to regulators during the course of inquiries and exams, and (x) advise firm stakeholders on potential enhancements to firm processes and controls identified during the course of regulatory interactions.

An RPG Vice President must have the ability to:

Leverage strong communication and relationship-building skills in frequent interaction with other areas of the firm and regulators;
Demonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholders;
Grasp and keep abreast of relevant law, rules and policies;
Conduct expert research and data gathering;
Apply excellent analytical abilities to research and draft comprehensive, accurate and persuasive responses to diverse regulatory requests for information;
Effectively and efficiently conduct business by video, phone and in-person meetings with both internal and external stakeholders;
Review trading activity, market data and surveillance reports to assess compliance with federal laws and SRO rules;
Identify and recommend potential corrective actions to address regulatory issues surfaced during the course of exams and inquiries;
Organize and maintain large quantities of data and documentation in a dynamic environment;
Be unfailingly detail-oriented, so as to consistently produce accurate work product;
Work independently and exercise strong judgment when executing an assigned task;
Multi-task and have the ability to manage and advance multiple projects simultaneously;
Identify and effectively escalate potential issues to appropriate person(s);
Meet tight deadlines and comfortably operate in the face of time constraints;
Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded.

Basic Qualifications

Bachelor’s degree;
At least seven years of relevant work experience;
Proficiency with Microsoft Word, Excel and PowerPoint;
Business-level fluency in English, both orally and in writing;
Excellent time management, analytical and communication skills;
Integrity, motivation, intellectual curiosity and enthusiasm;
Familiarity with financial industry products and markets (in particular, futures-, swaps-, and commodities-related products and markets), as well as corresponding rules and regulations.

Preferred Qualifications

Graduate degree in law, business, or other relevant program;
Outstanding graduate school and undergraduate credentials;
Significant experience in a leadership/senior role representing financial institutions in interactions with financial industry regulators, particularly regulatory exams and inquiries;
Significant experience working jointly with attorneys (both in-house and external) in the handling of sensitive regulatory matters;
Experience leading multi-jurisdiction, cross-disciplinary teams in the conduct of factual investigations, then presenting the results to senior audiences (both in-house and external).

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

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity