Compliance, Private Wealth Management Compliance Advisory & Regulatory Audit Management for GSBE, Vice President, Frankfurt location_on Frankfurt, Hessen, Germany

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.

YOUR IMPACT

We are looking for a VP-level candidate to join the Compliance team inGoldman Sachs Bank Europe SE (GSBE), our EU hub.

The roles is based in Frankfurt, reporting to the local Divisional lead and focussing on Compliance Advisory topics as well as management of the GSBE external regulatory audits carried out by BaFinto evaluate the effectiveness of the firm's internal controls, risk management, and governance.

Responsibilities include advising sales teams in different branches in regulatory topics, supporting regulatory projects, proactively managing and executing external audit engagements, collaborating with business stakeholders and other control functions, identifying and reporting control issues, and developing recommendations to strengthen internal controls, prevent and remediate findings as appropriate.The roles will also ensure appropriate integration of GSBE branches into the wider Divisional Compliance programme and control plan.

The roles require analytical skills, a strong understanding of regulations, risk and controls, and the ability to work both independently and as part of a global team.

JOB SUMMARY & RESPONSIBILITIES

The roles will advise sales teams on regulatory questions and interpretation of certain policies and procedures. In addition, the successful candidate proactively manage GSBE regulatory audits, interacting with a number of stakeholders and team members based in London, Frankfurt, Paris, Milan and Warsaw. The roles will closely interact with Divisional Compliance management and with the Head of GSBE Compliance to ensure transparent communication and effectively managed interactions with local regulators and exchanges.

KEY RESPONSIBILITIES

Providing Compliance advice and support to PWM identifying and managing Compliance, regulatory and reputational risks in GSBE’s PWM business
Development and implementation of compliance‑related policies and procedures
Providing Compliance input in product design and approval processes for the GSBE’S PWM business
Managing compliance‑led projects and representing PWM Divisional Compliance on firmwide and cross regional projects and working groups
Impact analysis and implementation of regulatory changes affecting the PWM business
Providing support for/ responding to general compliance‑related queries
Develop and deliver training for business personnel
Proactive audit management: manage external audit engagements from planning to reporting, ensuring timely and high‑quality deliverables
Partner with business management, risk, compliance colleagues and other control groups to identify control issues or areas which might potentially result in an audit finding
Clearly communicate potential audit findings to management and present an overall opinion on the control environment and suggested finding remediation, as appropriate
Develop recommendations to strengthen internal controls and identify opportunities for improvement
Adhering to the Global Compliance Framework and supporting the execution of the Compliance programme, including with respect to risk assessments and designing/implementing appropriate controls
Development and deployment of second line controls and partner with the first lineto develop their controls to ensure timely detection of issues and risks. Ensuring reviews are being performed appropriately from a qualitative and timeliness perspective and provide challenge to the design, implementation and management of corrective actions
Working with Legal, Controllers, Internal Audit, Technology, Operations (Client Onboarding) and other areas within Compliance (including the broader Divisional Compliance team), Regional Country Compliance and the business divisions to ensure promptand coordinatedresolution ofcompliance matters
Assistance with the interpretation and implementation of new rules/regulation - assessing regulatory risks, regulatory changes and potential impact
Collaborating with other Compliance areas and the business to produce responses to information requests ahead of regulatory audits/reviews/reports/questionnaires

KEY SKILLS AND QUALIFICATION

University degree with minimum of 6 years of Compliance experience, ideally gained by working for a top‑tier house or others with sophisticated market making/hedging business units and/or complex financing capabilities; Global Markets, and/ or Wealth Management experience preferred
Preferred experience in advising Line of Business on a daily basis
Experience with BaFin audits, Securities Trading Act/ WpHG and MaRisk / MaComp / framework is an asset
Experience in dealing with regulators/regulatory audits/exchange enquiries
Pro‑active, self‑motivated and well‑organized
Ability to communicate clearly complex issues; able to communicate with impact at senior levels and with external regulators
Excellent understanding of the key EU regulations impacting financial markets (MiFID, MAR, Benchmarks, EMIR, AIMFD, UCITS, CRD, CSDR, ESG etc.)
Fluent in German and English is a prerequisite
Strong knowledge of the European regulatory environment and specifically the BaFin rules covered in German WpHG and MaRisk audits, including MiFID 2, MAR, MaComp, MAR, Benchmarks, EMIR, AIFMD, UCITS, CRD
Attention to detail and independent, analytical thinking
Ability to apply knowledge to complex situations
Ability to obtain senior stakeholders’ buy‑in in challenging situations
Proven ability to navigate and build strong relationships in an international, cross‑office environment across business, risk, and control partners, consistent with our EMEA footprint
Ability to manage relationships with the business at all levels
Team‑oriented and supportive of others’ success; comfortable representing a teamwork product to stakeholders, aligned with the firm’s collaborative culture and cross‑functional partnering
Ability to make sound decisions, ability to identify, understand, and articulate risks associated with regulatory reporting, partnering with multiple stakeholders to mitigate and elevate risks appropriately, in line with the roles’ second line challenge and control development remit
Strong integrity and professionalism

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:

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short‑term disability, long‑term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state‑of‑the‑art on‑site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on‑site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre‑approved amount).

Child Care & Family Care

We offer on‑site child care centers that provide full‑time and emergency back‑up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

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