Compliance, Asset & Wealth Management Compliance, Vice President, The Hague

OUR IMPACT 

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.

This is a role on the Asset Wealth Management(“AWM”) Compliance team helping to provide compliance advisory, monitoring and training services covering portfolio management, trading, sales and marketing activity within Goldman Sachs Asset Management (“GSAM”) based in The Hague (the Netherlands), where GSAM is part of the broader AWM business.  

YOUR IMPACT

The successful candidate will work with business management, Risk and Legal in connection with helping to respond to regulatory requests, respond to compliance queries from the business, uplift compliance program in response to regulatory reform, perform surveillance and forensic reviews, train the business in compliance matters, participate in policy updates and drafting, conduct marketing material sign off, and advise on sales activity.

EXPERIENCE

• Minimum 5-10 years of Asset Management experience
• Experience within a financial services compliance, risk, audit or consulting firm 
• Development and implementation of Compliance programmes
• Represented function on Committees and projects such as new activities, new products or regulatory reform
• Production of materials and presentation of those to senior firm committees and/or board
• Ability to deal with business personnel and deliver good compliance outcomes in time constrained situations.

RESPONSIBILITIES

• Providing advice and compliance oversight to Asset Management business personnel on BAU activities
• Providing advice on client and regulatory interactions, new business initiatives, significant business changes affecting the firm 
• Participate in the review and evaluation of new instruments and vehicles to identify compliance issues and surveillance needs
• Provide daily compliance surveillance of GSAM portfolios for regulatory requirements (e.g., MAR) and applicable policies and procedures
• Driving controls analysis and assessments for new business initiatives within AWM
• Development and implementation of compliance policies and procedures, outlining firm policies, regulations and best practices, assess and communicate on the impact of changes in Global GS(AM) Policies for the business
• Respond to regulatory inquiries and investigations
• Compliance monitoring of any aspects of regulations as part of general monitoring or forensic review work
• Ensure breaches and complaints are discussed and properly addressed
• Ensure Regulatory Interactions are minuted and registered in the Compliance systems
• Creating and implementing live and online compliance training programs to educate business professionals on applicable compliance requirements, legal issues and regulatory changes.
• Execute Compliance Testing and reviews
• Execute Compliance Risk Assessments
• Miscellaneous projects as required

QUALIFICATIONS

• Excellent written communication skills with the ability to summarize observations and present in a clear, concise manner to peers, managers and Compliance management
• Professional maturity and confidence in expressing a point of view with senior management 
• Experience in dealing with EU and Dutch Regulators, knowledge of AFM, DNB, CSSF, FCA, CBI, BaFin, etc., 
• Knowledge of MiFID, UCITS and AIFM Directives. Knowledge of Investment Adviser's Act, Investment Company Act, ERISA is helpful but not required 
• Risk and control focused individual with excellent judgment
• Extensive knowledge of investment instruments including derivatives
• Effective analytical and organizational skills
• Ability to handle multiple tasks with attention to detail and work under pressure
• Ability to work both independently and as part of a team

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 
 

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