• Compliance, Regulatory Practice Group - Banking, Vice President

    Location(s) US-NY-New York
    Job ID
    2019-57695
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Compliance
    Region
    Americas
    Division
    Compliance
    Business Unit
    Regulatory Practice Grp
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    GLOBAL COMPLIANCE

    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. 

     

    Overview

     

    Our business principle #2 states: “We are dedicated to complying fully with the letter and spirit of the laws, rules and ethical principles that govern us.  Our continued success depends upon unswerving adherence to this standard.”

     

    It is the role of Goldman Sachs’ Global Compliance Division to help ensure that every employee and client of the firm upholds this principle.  Accordingly, the Division is viewed as an integral part of the firm, enabling it to conduct business confidently in extremely complex global markets.

     

    Part of the Global Compliance Division, the firm’s Regulatory Practice Group (“RPG”) is a dynamic, global team of more than 50 professionals charged with interfacing with regulators on regulatory examinations and inquiries received in jurisdictions worldwide.  The team is also responsible for working with stakeholders throughout the firm to help ensure the efficacy of firm controls, policies and procedures relating to regulatory requirements.  Led by a Global Head in New York, the team has members in Bengaluru, Hong Kong, Jersey City, London, New York, Sydney and Tokyo.

     

    The RPG-Banking team for the Americas is looking for a talented individual to join its New York team as a Vice President, focusing on Goldman Sachs’ regulatory interactions with U.S. banking regulators.  The position will be based at Goldman Sachs’ global headquarters in Manhattan.

     

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities

     

    The RPG-Banking team is the liaison between the firm and its U.S. banking regulators.  As such, RPG-B team members work closely with business, compliance, legal, risk, technology and operations teams throughout the firm.  The new team member will be responsible for advising and helping to prepare senior stakeholders for regulatory meetings and other regulatory engagements; reviewing and editing regulatory responses and presentations; and creating PowerPoint presentations to senior management or regulators. This will involve significant interaction with both the firm’s U.S. banking regulators and senior internal stakeholders outside of the RPG-B team.

     

    An RPG-Banking Vice President must have the ability to:

    • Leverage strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholders and regulators
    • Demonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholders
    • Demonstrate strong written and oral communication, as well as analytical abilities
    • Grasp and keep abreast of relevant law, rules and policies
    • Be unfailingly detail-oriented, so as to consistently produce accurate work product
    • Effectively and efficiently conduct business by phone with both internal and external stakeholders
    • Spot and suggest potential corrective actions to address regulatory issues surfaced during the course of regulatory interactions
    • Work independently and exercise strong judgment when executing an assigned task
    • Multi-task and have the ability to manage and advance multiple projects simultaneously
    • Identify and effectively escalate potential issues to appropriate person(s)
    • Meet tight deadlines and comfortably operate in the face of time constraints
    • Persistently follow-up with colleagues to ensure that appropriate information is obtained and timely recorded

    Basic Qualifications

    • Bachelor’s degree
    • At least five years of relevant work experience
    • Expertise with Microsoft PowerPoint, Microsoft Word, and Excel
    • Business-level fluency in English, both orally and in writing
    • Excellent time management, analytical and communication skills
    • Integrity, motivation, intellectual curiosity and enthusiasm
    • Familiarity with financial products and markets

    Preferred Qualifications

    • Graduate degree in law, business, or other relevant program
    • Outstanding graduate school and undergraduate credentials
    • Significant experience working on behalf of financial institutions with respect to regulatory or legal matters
    • Strong proficiency in PowerPoint

    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.