Compliance, Securities Division Compliance, Compliance Risk Control Group, Analyst/Associate, Hong Kong recruitment

The Compliance Risk Control Group (”CRCG”) is part of the Securities Division Compliance team which provides compliance coverage and support to the Equities and FICC (Fixed Income, Currency and Commodities) Sales and Trading businesses.

CRCG’s primary function is to manage compliance and regulatory risk through the development and oversight of controls.

CRCG helps identify and prioritize the compliance and regulatory risks across the Securities Division businesses, and works to develop and/or enhance appropriate risk control measures to mitigate such risks. The controls include preventative front-end trading system controls and processes, surveillance reports and processes, and management information systems. Post development, CRCG performs surveillance reviews and maintains oversight of such controls to ensure the continuing integrity, relevance and proper performance of those controls. On a daily basis, 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.

CRCG works closely with the Business, Line Compliance and Technology as well as other groups within the Firm.

CRCG has team members globally across the US, EMEA and Asia, and as such, aims to bring a global perspective and globally co-ordinated approach as well as customized solutions to mitigate local regulatory risks.

RESPONSIBILITIES

Development of Controls
?Partner with Business Personnel, Compliance Officers, and Compliance Technology to develop and/or enhance system controls, surveillances and associated procedures and training.
?Apply a consistent approach across businesses, products and regions.
?Develop associated functional specifications and testing scripts.

Oversight of Controls
?Perform surveillance reviews and discuss exceptions with Business Personnel and Compliance Officers.
?Monitor that surveillance reviews are being performed properly from a qualitative and timeliness perspective.
?Provide training on performance of specific surveillances.
?Oversee exception reviews generated by detective controls.
?Identify enhancements to existing controls. Test the integrity of system controls and surveillance reports by participating in testing programs and validating test results.
?Participate in periodic risk assessments.

Management Information Systems
?Develop and/or enhance systematic processes for escalating issues.
?Develop and/or enhance tools to track repeat offenders and identify patterns of problematic activity across businesses, products and regions.
?Coordinate issues, findings and practices with colleagues across regions and/or divisions.
?Management reporting.
?Reporting of exception reviews generated by detective controls.

SKILLS / EXPERIENCE:
?Previous experience in Compliance, Surveillance, Internal Audit or other control function.
?Working knowledge of securities markets, businesses, products.
?Preferred working knowledge of securities and exchange rules and regulations.
?Preferred knowledge of detection logic and surveillance development.
?Preferred knowledge of sales and trading system functionality.
?Inquisitive and proactive in identifying risks and proposing solutions.
?Good interpersonal skills and excellent written/oral communication skills.
?Ability to work with a variety of senior and junior people, and build smooth working relationships.
?Highest attention to detail.
?Good team player - one who is able to prioritize in a fast moving, high pressure, constantly changing environment.
?Entrepreneurial inclination - ability to work alone and act as project manager.
?Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment.
?Ability to handle multiple tasks simultaneously and work under tight deadlines.
?Preferred fluent in Mandarin.

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