Compliance, Securities Division Compliance, Associate/Vice President, Mumbai, India

Job Description

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GLOBAL 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.

Securities Division Compliance is located on the Trading Floor and is responsible for comprehensively identifying and managing the regulatory, legal and reputational risks of the Securities Division. The role is focused on providing Compliance coverage for the Securities, Investment Banking & Fixed Income Divisions functions (such as sales, trading, and principal investment) and products (such as fixed income securities). . The primary responsibilities of Securities Division Compliance are:

Job Description

• Advise and support the India business in overseeing day-to-day activities ensuring compliance with internal and external regulatory requirements at all times
• Advise the impact of the regulatory changes or development, develop a solid compliance process and work with other offices regionally/globally on compliance issues
• Coordinating with SEBI, RBI and Stock exchanges
• Monitoring SEBI, RBI and exchange requirements and measuring impact of the new rule to the stakeholders.
• Regulatory reporting to SEBI, RBI & Exchanges
• Formulising and monitoring internal guidelines, policies and circulars
• Handling correspondences with the regulators, like SEBI, stock exchanges and RBI.
• Co-ordination with the Internal Auditors and dealing with the relevant regulators in India as well as responding and coordinating all regulatory enquiries, questions and inspections
• Conduct regular compliance reviews to ensure compliance with regulatory requirements and internal compliance standards
• Review and update policies and procedures in line with internal and external regulatory bodies on a regular basis
• Provides training to staff on compliance awareness
• Handles licensing matters and client complaints
• Give advice to Securities Division personnel on compliance issues regarding transactions, new products, errors, etc.
• Review daily trade surveillance reports and Identifying and investigating suspicious activities

RESPONSIBILITIES AND QUALIFICATIONS

• Min 3 years working experience in financial services sector.
• Good understanding of the IBD and Institutional Broking Business
• Well-versed with RBI, SEBI and Exchange rules and regulations
• Independent, self-motivated, proactive, analytical and willing to work under pressure
• Strong communication skills and the ability to demonstrate initiatives
• Excellent English communications skills, both written and spoken, is necessary
• Desire to work on the trading floor, sometimes interacting directly with salespersons and traders in an often fast-moving environment
• Proactive attitude (“self-starter”)
• Ability to think through issues logically and make decisions on their own, and make necessary escalation
• Good PC skills
• Attention to detail

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.