Compliance, Custody & Client Assets, Associate, Frankfurt / Luxembourg

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 This role will focus on, but not be limited to, providing Compliance coverage for our Germany and Luxemburg based Custody Operations and German custody rules along with the coverage of other regional compliance matters.A successful candidate will also participate in region-wide, and global initiatives to enact the Global Compliance mandate. To fulfil this role, you will:Advise, challenge and influence control and operating functions about regulations, policies and reputational riskIdentify, investigate and manage compliance issues involving control and operating functionsProvide support and guidance to control and operating functions in dealing with regulatorsBrief senior leadership including the Chief Compliance Officer on risks identified and ensure stakeholder engagement Analyze regulatory changes and enforcement actions to assess the impact to control and operating functions, and participate in work to ensure the business is able to support applicable rules and requirementsSupport the development, analysis, drafting and implementation of related policies, procedures, standards, and processes to ensure compliance with applicable regulations and requirements Assist the Client Asset Protection Officer with compliance of the rules and obligations by conducting a second line risk assessment on compliance with Custody rules and obligationsConduct second line testing and monitoring, including forensic reviews to monitor compliance with regulations and firm policiesLiaise internally and externally with auditors and stakeholders on various audit engagements for custody assets.Develop and deliver communication and training QUALIFICATIONS AND SKILLSA strong candidate for will satisfy some or all the following criteria:At least 3 years of work experience including as a compliance officer or in a risk management or control function roleDetailed knowledge of German and Luxembourg Custody rules, legal frameworks and circulars Experience working as a regulator, interacting with regulators, or supporting regulatory audits or inquiries Understanding of the wider regulatory reporting environment including historical focus from regulators and current supervisory/enforcement activity in EMEAKnowledge of operational practices in securities and derivatives marketsKnowledge of regulations, practices and markets infrastructure in EuropeA strong candidate will possess the following skills:Clear, concise communication and drafting skills; able to communicate with impact at senior levels and with external regulatorsRisk Management: the ability to identify, understand and articulate risks associated with regulatory reporting and working with multiple stakeholders to assist in the mitigation/escalation of those risksAble and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk managerSound judgment, ethics and integrityFast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutionsProficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risksTeam-oriented and supportive of others’ success; comfortable representing a teamwork product to stakeholdersWell organized with the ability to manage both longer term projects and daily, often time-sensitive, escalationsABOUT 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: The Goldman Sachs Group, Inc., 2023. 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. Posting Date: 2026-08-14