OUR IMPACT
The Office of Regulatory Relations (ORR) protects the firm’s regulatory reputation by managing its relationships with regulators and enhancing the firm’s overall regulatory compliance. We set standards for all regulatory interactions at the firm, lead the firm’s responses to regulatory examinations, audits and inquiries and oversee certain areas of enhancement.
ORR works closely with Global Compliance to prevent, detect and mitigate compliance, regulatory and reputational risks across the firm and to strengthen the firm’s culture of compliance. As an independent control function and part of the firm’s second line of defence, Compliance assesses the firm’s compliance, regulatory and reputational risks; 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.
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 the ability to adapt to a changing regulatory landscape.
YOUR IMPACT
Are you looking for a regulatory engagement and compliance role that will give you exposure to all divisions of Goldman Sachs and to all levels? We are looking for a highly organised professional with strong analytical and communication skills to join our ORR and Regional Country Compliance (RCC) team in London.
HOW YOU WILL FULFILL YOUR POTENTIAL
The ORR and RCC team have day‑to‑day oversight of the firm’s relationships with its regulators and act as a point of central coordination for EMEA compliance deliverables and reporting. The team is the first point of call for all regulatory interaction; it handles enquiries from regulators across EMEA but primarily from the FCA, as well as Senior Manager Function applications and associated reporting for EMEA. In addition to coordinating the programme of regulatory supervisory engagement, its responsibilities also include the management of regulatory audits by the FCA (which typically involve onsite meetings). As a member of the ORR and RCC team, your day‑to‑day role will involve:
- Interpreting and clarifying regulatory requests for information.
- Identifying data sources and owners, obtaining and reviewing data to produce the firm’s response to enquiries. This may include trading data, copies of electronic communications and voice recordings, client documentation, etc.
- Liaising with the FCA / PRA to co‑ordinate and arrange regulatory meetings, audits and reviews.
- Working with other compliance areas and the business to produce responses to information requests ahead of such audits/reviews; assisting in the preparation for and attendance at related onsite meetings with the FCA.
- Supporting the firm’s governance arrangements, including contributing to and managing the framework supporting the firm’s Senior Manager Arrangements.
- Operating across regulatory programme workstreams to help facilitate and deliver solutions that meet the quality criteria established by compliance management.
- Providing analytical, documentary support to compliance project managers and other members of compliance.
- Supporting and participating in working groups for solutions development and implementation of regulatory change.
- Producing compliance management reporting and materials.
- Overseeing the compilation and reporting of the annual EMEA compliance business plan.
- Leading and participating in conduct initiatives for the EMEA compliance division.
- Facilitating regulatory licensing applications and fee payments to support new and expanded business activities.
- Managing the coordination of submission of compliance‑owned non‑financial regulatory reports.
SKILLS AND EXPERIENCE
- Experience in a UK regulatory engagement role or similar function.
- Familiarity with UK and/or EU financial services regulatory framework.
- Experience in compliance or a risk‑based function.
- Experience delivering strategic projects or change management.
- Ability to handle multiple tasks simultaneously and work under pressure.
- Demonstrates excellent communication skills (both written and oral).
- Strong interpersonal skills.
- A team player who can work both independently and collaboratively and is able to prioritize in a fast‑moving, high‑pressure, changing environment.
- Strong analytical and problem‑solving skills; looks for creative solutions to issues and problems.
- Sound judgement.
PREFERRED QUALIFICATIONS
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
- Familiarity with Alteryx analytics products would be an advantage.
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 firm‑wide 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, colour, religion, sex, national origin, age, veteran status, disability or any other characteristic protected by applicable law.
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