GS Global Compliance - What is it! 
(Chimp, 6 
Points) on 2/8/10 at 3:00am
Hey all, preparing for a phone interview with GS Global Compliance but I'm rather ill-informed as to what global compliance entails. I know it's broken down into
Compliance Surveillance Strategy
Global Compliance Employee Services
Global Compliance Testing, Regulatory Audits and Inquiries, Global Compliance Training and Communications and Global Control Room Chaperones
and I've read the little vague blurbs but I'm still a little confused as to what it's all about. Is compliance just about pushing papers and making sure everything is within standard practices protocol? I mean I know the surveillance strategy works with fraud and what not, but in general, what am I getting myself into?
Just a confused monkey looking for some input.
(Tried googling, provides little clarification)
Thanks all
middle office, good to have a
by sighm0anmiddle office, good to have a legal background, cover the bank's arse basically.
compliance is hte department
by Monument Mancompliance is hte department that ensures that the bank is following SEC rules. so you're the people who make sure that IBD doesn't disclose anything material, that research doesn't say anything stupid that could put the bank on the line, etc. compliance is like the internal police department. they are the group that makes sure nobody leaves important documents on their desks.
Funny story about GS
by drexelalum11Funny story about GS compliance:
Someone I know was hired at the bank at a fairly senior level, but still had to do the compliance BS. The training was conducted via conference call, and one of the participants took his phone in to the gentlemen's with him, neglected to place it on mute, and proceeded to audibly defecate.
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lol, thanks for tht story
by KClol, thanks for tht story drexel
and thanks for the information monument, I think I'm just gonna have to wing it if anything technical comes up, I don't really know anything about compliance
You will not get "technical"
by Bankah99You will not get "technical" questions in a compliance interview because it is not a banking position. It is a back office position more akin to legal than banking. You answer inquiries from regulatory agencies like FINRA, draft memos, monitor e-mail and make sure people are complying with the rules.