Compliance, Private Wealth Management, Executive Director, Frankfurt

  • Competitive
  • Frankfurt am Main, Hessen, Germany
  • Permanent, Full time
  • Goldman Sachs International
  • 18 Feb 18 2018-02-18

See job description for details

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.

RESPONSIBILITIES AND QUALIFICATIONS The role we are recruiting for is in the Private Wealth Management (PWM) EMEA divisional compliance team, based in Frankfurt, providing compliance oversight of the German-based business. This role will provide independent compliance oversight and challenge for the PWM business and covers a broad spectrum of responsibilities including conducting compliance surveillance, review of marketing materials, creation and delivery of compliance training, product and trade approvals as well as advisory and project work.

Principal Responsibilities

  • Identifying and managing Compliance, regulatory and reputational risks in the PWM Frankfurt business
  • Conducting trading and suitability surveillance and providing oversight of centralized surveillances performed for the Frankfurt PWM business
  • Providing Compliance input in product design and approval processes for the PWM Frankfurt business
  • Providing Compliance representation in Divisional Committees, such as Order Execution Review Committee
  • Manage products and suitability related projects.
  • Providing compliance advice and support to the PWM business
  • Managing compliance-led projects and representing PWM Divisional Compliance on Firmwide and cross regional projects and working groups

Additional Responsibilities
  • Providing review and sign-off of marketing materials prepared for distribution to clients / prospects
  • Reviewing and approving client account and trade activity from a suitability and regulatory perspective
  • Providing support for / responding to general compliance-related queries
  • Development and implementation of compliance-related policies and procedures
  • Impact analysis and implementation of regulatory changes affecting the PWM business
  • Develop and deliver training for business personnel


  • University degree and/or professional compliance / financial services qualification
  • 3+ years' compliance or other relevant financial services experience. Private wealth management / retail client experience preferred.
  • Knowledge of German regulatory environment and BAFIN rules
  • Any knowledge of other European or international regulatory regimes an advantage
  • Knowledge of products and trading strategies used by PWM.
  • Experience of conducting trade surveillance or equivalent monitoring activity
  • Good interpersonal skills and effective written/oral communication skills.
  • Strong analytical and problem solving skills with the ability to exercise sound and balanced judgment
  • Attention to detail
  • Impeccable judgment
  • Ability to handle multiple tasks and work under pressure
  • Team player
  • As a minimum, good proficiency in Microsoft Excel, Power Point and Word

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., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.