Compliance, Regulatory Inventory Traceability Compliance Officer, Vice Pres

at  Goldman Sachs

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

Compliance, Legal and the Conflicts Resolution Group (CLC) work at the intersection of finance and control functions, enabling the firm to conduct business with the highest level of integrity. The expertise and experience of the three divisions address the legal, compliance and reputational risks facing Goldman Sachs. 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.

• Global Compliance prevents, detects and mitigates compliance, regulatory and reputational risks 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 a part of the firm’s second line of defense.
• The Legal Division’s advice and counsel provided to all areas of the firm are critical for maintaining our commitments to our clients, regulators and shareholders and to promote our culture of excellence and integrity. Our goal is to provide legal advice that protects the firm’s financial well-being and reputation and assists our various businesses in evaluating the risks associated with completing transactions and other activities.
• The Conflicts Resolution Group (CRG) is a control function whose mission is to evaluate advisory, financing, principal investing, lending and certain other activities to identify actual or perceived conflicts of interest and assess the potential reputational risks resulting from the potential intersection among new and existing roles, positions and responsibilities that the firm may have.

The Core Compliance Team is at the forefront of delivering robust compliance risk management in adherence with regulator expectations. We are looking for a team member who can help drive our Enterprise Compliance Risk Management program forward, by collaborating with first and second line teams, including engineering, Operational Risk, business and compliance globally. The successful candidate should demonstrate an understanding of regulatory change management practices, including strategic technology solutions, awareness of financial services businesses and products and regulatory authorities. Individual should be highly organized and comfortable interacting with senior audiences.

We are looking for someone with experience managing regulatory change and mapping activities countries and has experience in operational or compliance risk management. The role requires collaboration, organization and innovation. Examples of duties include:

• Support the design and implementation of strategic and sustainable regulatory inventory and traceability process
• Incumbent must be comfortable influencing all levels of staff to drive change.
• Align and continuously evolve strategy for managing a Regulatory Inventory and mapping to relevant parts of the Risk Management Framework, including policies and controls
• Engage key stakeholders to make strategic decisions, prioritize implementation plans and manage volumes.
• Oversee consistency across pillars and divisions; identifying and addressing opportunities
• Facilitate reporting and information sharing
• Manage regulatory mapping activities across Compliance and the Firm globally
• Manage vendor content, including identifying opportunities for automation and and engage strategically for efficient and optimized vendor information
• Partner with and direct vendors to deliver against GS expectations.
• Manage requests and exams from outside regulators and internal audit.
• Represent Compliance in first line and second line led remediation efforts.

BASIC QUALIFICATIONS

• 5+ years of experience in Financial Services, with risk, legal, compliance and/or project management experience
• Bachelor’s Degree
• Professional experience in handling various regulatory change objectives
• Advanced PowerPoint and Excel skills, with an ability to learn new tools quickly
• Program management and reporting capabilities
• Strong understanding of Compliance program mandates and Operational Risk Frameworks Exceptional analytical, problem solving, critical thinking and project management skills with a proven track record of execution against deadlines
• Leverage strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholders
• Demonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholders
• Experience in delivering high quality work products, reflecting attention to detail
• 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)

• Support the design and implementation of strategic and sustainable regulatory inventory and traceability process
• Incumbent must be comfortable influencing all levels of staff to drive change.
• Align and continuously evolve strategy for managing a Regulatory Inventory and mapping to relevant parts of the Risk Management Framework, including policies and controls
• Engage key stakeholders to make strategic decisions, prioritize implementation plans and manage volumes.
• Oversee consistency across pillars and divisions; identifying and addressing opportunities
• Facilitate reporting and information sharing
• Manage regulatory mapping activities across Compliance and the Firm globally
• Manage vendor content, including identifying opportunities for automation and and engage strategically for efficient and optimized vendor information
• Partner with and direct vendors to deliver against GS expectations.
• Manage requests and exams from outside regulators and internal audit.
• Represent Compliance in first line and second line led remediation efforts