Dave Executive Director/Vice President, Regulatory Operations Operations division, Jersey City

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Goldman Sachs provides opportunities for people to grow and take on more responsibility as quickly as they can demonstrate the capability to handle it.

My Work

I work in the Operations division of Goldman Sachs. I manage a team of ten business analysts and project managers who work on regulatory reporting. The team is responsible for the analysis and assessment of regulatory reports filed with external U.S. regulators, such as the SEC or the stock and options exchanges.

One of the most interesting aspects of my job is working with industry groups, such as the Securities Industry and Financial Markets Association (SIFMA), to evaluate and lobby regulators to adjust rules to simplify compliance while also meeting the regulators’ needs. It’s great to be able to provide a “real world” operational perspective to the regulators.

Goldman Sachs provides opportunities for people to grow and take on more responsibility as quickly as they can demonstrate the capability to handle it. I was quickly provided with the opportunity to take on a leadership role in many initiatives that cut across functional groups.

My Day

Almost everything I do is team-based. The work that Regulatory Operations performs is very cross-functional, so we are almost always working on projects that include people from technology, compliance, legal, the business and other operations groups. Since our work is so tightly coupled with the trading and trade processing systems, we are constantly working with people from other areas to solve problems or improve processes.

My job gives me ample opportunity to learn. The firm’s infrastructure is always changing as the business advances into new products and markets while improving the infrastructure to make it more efficient and scalable. Also, industry regulations continue to evolve as new rules are proposed and adopted. It’s very challenging to navigate this ever-changing landscape. But this challenge also provides tremendous opportunities to learn about, and influence, the regulatory environment and the firm’s infrastructure, products and business as we stay on the leading edge.

My Path

I attended MIT under a Navy ROTC scholarship so I knew that I would start my career as an officer in the U.S. Navy. At MIT, I studied Materials Engineering and thought that I’d likely try to get a job in the materials industry as a manager. During my last two years in the Navy, I was able to attend Fordham University’s MBA program on a part time basis. In the program, I studied with many professionals who worked in the financial industry. The energy and intensity of Wall Street sparked my interest, and I was able to land a job as a technology manager at a New York investment bank.

During the six years I spent working at that firm, I often heard of Goldman Sachs’ reputation for success from friends who worked there. When I heard about an opportunity to interview at Goldman Sachs Operations, I was excited to shift my career in a different direction – away from technology project management and more toward business and process management.

Myself

It was clear to me from the very beginning that Goldman Sachs was a special place. The people were top-notch – bright, hard-working and focused on both the success of the firm and its people. The effort expended on coaching, guiding and developing people is amazing. People were always willing to take time out of their busy days to provide information about a process or brainstorm about a problem. Also, I was struck by their interest in improving things and their open-mindedness and willingness to welcome new ideas.

The financial industry is an exciting and challenging industry in which to learn and to apply many different kinds of skills to solve business problems and improve processes. I think it’s a great industry to work in. Since it is always evolving and growing and offers so many different kinds of roles, the opportunities are limitless.
 

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