Compliance-Bengaluru-Vice President-Regulatory Compliance

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.

Regulatory Practice Group - Overview

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. The team has members in Bengaluru, Dallas, Hong Kong, London, New York, Sydney, and Tokyo.

The RPG team is looking for a talented individual to join its Bengaluru team as a Vice President. RPG team members attach importance to in-person learning and connectivity, and accordingly, this is an in-office role at the firm’s Bengaluru office, not a remote position.   

Responsibilities and Qualifications

The RPG Bengaluru team, in coordination with RPG Global team, responds to requests for information received by the firm from financial industry regulators, including the SEC, FINRA, FCA, and SEBI. These requests for information typically relate to various financial industry regulatory topics, including recent market developments, potential market abuse and/or manipulation, regulatory reporting requirements, risk management practices, new regulatory requirements, recordkeeping, and supervisory policies and procedures, among other topics. A significant number of requests handled by RPG seek to test and/or confirm Goldman Sachs’ compliance with the laws and regulations applicable to its many businesses.

Principal Responsibilities

As the liaison between the firm and its regulators on matters of regulatory compliance, RPG team members work closely with business, compliance, and legal teams within the firm. While working to respond to regulatory requests - the primary responsibilities of RPG team members include:

• Ensuring that regulatory matters received by the firm are appropriately tracked;
• Research applicable rules and interpretive guidance;
• Taking ownership of processes and controls within the team, driving the development of methods to improve processes and/or controls to ensure that these are efficient, effective and relevant;
• Conduct informational interviews and gather responsive documentation;
• Coordinate with internal stakeholders regarding regulatory information requests and the firm’s responses;
• Apply excellent analytical abilities to research and draft comprehensive, accurate and persuasive responses to diverse regulatory requests for information;
• Escalate situations that maybe potential control failings, as appropriate, to relevant divisional compliance officers and business unit managers;
• Monitor the firm’s progress in completing undertakings made to regulators during the course of inquiries and exams, among other responsibilities.

The successful candidate must have the ability to

• Leverage strong communication and relationship-building skills;
• Organize and maintain large volume of data and documentation in a dynamic environment;
• Demonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholders;
• Effectively and efficiently conduct business by video, phone and in-person meetings with both internal and external stakeholders;
• Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded;
• 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;

Basic Qualifications 

• Graduate degree in law, business, or other relevant program;
• At least 7+ years’ experience in Compliance, Legal or other control function. A regulatory background would be highly regarded;
• Working knowledge of securities markets, businesses, products;
• Working knowledge of securities and exchange rules and regulations;
• Proficiency with Microsoft Word, Excel and PowerPoint;
• Experience working with Tableau, Alteryx or Python for data analysis and/or automation would be highly regarded.

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:

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