Job Description

Job Summary:

Regulatory Services Controllers Group seeks a VP or experienced Associate to help supervise the CFTC/Futures Customer Protection team.  The team supports valuing segregated collateral, computing the regulatory segregation requirements and determining that the full segregation requirement of customers is being met. The team ensures compliance with various CFTC and exchange regulations, to which GS&Co. is subject as a Futures Commission Merchant (FCM). The team reviews the daily customer segregation calculations of clearing listed futures, options and swaps.

Supervisory Responsibilities:

• Compute and file applicable customer segregation reports and investment detail reports with the CFTC.  
• Review trends in the FCM business for senior management, including the composition of its customer base, the general trading activity of its customers, the types of markets and products traded by its customers, the volatility and liquidity of the markets and products traded by its customers.
• Work closely with external regulators and Internal Audit on examinations of GS&Co.’s segregation functions.
• Work with Engineering teams to enhance controls and streamline processes.
• Review customer margin and segregation processes with Operations and Legal Departments.
• Document and maintain policies and procedures for Controllers oversight of customer asset protection.
• Calculate CFTC minimum capital requirements and capital charges related to the listed derivative business. 
• Design processes that rare designed to detect and prevent violations of rules and regulations/
• Knowledge of CFTC rules and interpretations, including Joint Audit Committee Regulatory Alerts.

Qualifications:

• Degree in Accounting or Finance preferred.
• 5 + years of experience; knowledge of CFTC Customer Protection regulations preferred, but not required
• Committed to a career in financial services.
• Ability to work in a team under pressure.
• Ability to interact and build relationships with people from different departments and levels of seniority.
• Strong Excel skills.  
• Solid written and presentation skills.  
• Excellent analytical and control mindset. 

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 

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range 

The expected base salary for this Jersey City, New Jersey, United States-based position is $115000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits 

Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.