The Goldman Sachs Group
Compliance, Regulatory Inventory and Traceability, Associate, Dallas
The Goldman Sachs Group, Dallas, Texas, United States, 75215
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.
GLOBAL COMPLIANCE AND CONSUMER CORE COMPLIANCE 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 Global Compliance Division is viewed as an integral part of the firm, enabling it to conduct business confidently in complex global markets.
Consumer Product Compliance is a team within the Global Compliance Division and is responsible for executing overall strategy for the consumer compliance program, a component of the firmwide risk management program. This includes program monitoring, issue escalation, communications, regulatory engagements, and resource management.
ABOUT THE ROLEWe are looking for an associate to support regulatory inventory and traceability activities, which entail executing compliance objectives across first- and second-line teams. The associate will be responsible for evaluating regulatory requirements related to identifying and assessing potential consumer impact and supporting linkages between regulatory requirements to the firm's risks and controls. The successful candidate should demonstrate an understanding of change management practices, awareness of consumer services and products, and applicable regulatory landscape. Additionally, candidates should be highly organized and comfortable interacting with senior audiences.
We are looking for someone with experience managing regulatory change and mapping to internal controls, ideally in operational or consumer compliance or risk management. The role requires collaboration, organization, and innovation, including but not limited to:Support the implementation of strategic and sustainable regulatory inventory and traceability processAlign and continuously evolve strategy for mapping regulatory requirements to relevant parts of the Risk Management Framework, including policies and controlsEngage key stakeholders to assess regulatory changes and business changes impacting regulatory compliance.Manage volumes for regulatory change and mapping work.Oversee consistency of mapping for consumer protection regulationsFacilitate reporting and information sharingPartner with Core Compliance and vendor as necessary to deliver horizon scanning.Manage requests and exams from outside regulators and internal audit.Represent Consumer Compliance in first line and second line led remediation efforts.BASIC QUALIFICATIONSBachelor's degree and 2+ years of experience in risk, legal, compliance, and/or project management in financial servicesProfessional experience in handling various regulatory change objectives in the financial services industryAdvanced PowerPoint and Excel skills, with an ability to learn new tools quicklyStrong understanding of compliance program mandates and operational risk frameworksExceptional analytical, problem solving, critical thinking and project management skills with a proven track record of execution against deadlinesLeverage strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholdersDemonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholdersExperience in delivering high quality work products, reflecting attention to detailWork independently and exercise strong judgment when executing an assigned taskMulti-task and can manage and advance multiple projects simultaneously.Identify and effectively escalate potential issues to appropriate person(s)
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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.
GLOBAL COMPLIANCE AND CONSUMER CORE COMPLIANCE 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 Global Compliance Division is viewed as an integral part of the firm, enabling it to conduct business confidently in complex global markets.
Consumer Product Compliance is a team within the Global Compliance Division and is responsible for executing overall strategy for the consumer compliance program, a component of the firmwide risk management program. This includes program monitoring, issue escalation, communications, regulatory engagements, and resource management.
ABOUT THE ROLEWe are looking for an associate to support regulatory inventory and traceability activities, which entail executing compliance objectives across first- and second-line teams. The associate will be responsible for evaluating regulatory requirements related to identifying and assessing potential consumer impact and supporting linkages between regulatory requirements to the firm's risks and controls. The successful candidate should demonstrate an understanding of change management practices, awareness of consumer services and products, and applicable regulatory landscape. Additionally, candidates should be highly organized and comfortable interacting with senior audiences.
We are looking for someone with experience managing regulatory change and mapping to internal controls, ideally in operational or consumer compliance or risk management. The role requires collaboration, organization, and innovation, including but not limited to:Support the implementation of strategic and sustainable regulatory inventory and traceability processAlign and continuously evolve strategy for mapping regulatory requirements to relevant parts of the Risk Management Framework, including policies and controlsEngage key stakeholders to assess regulatory changes and business changes impacting regulatory compliance.Manage volumes for regulatory change and mapping work.Oversee consistency of mapping for consumer protection regulationsFacilitate reporting and information sharingPartner with Core Compliance and vendor as necessary to deliver horizon scanning.Manage requests and exams from outside regulators and internal audit.Represent Consumer Compliance in first line and second line led remediation efforts.BASIC QUALIFICATIONSBachelor's degree and 2+ years of experience in risk, legal, compliance, and/or project management in financial servicesProfessional experience in handling various regulatory change objectives in the financial services industryAdvanced PowerPoint and Excel skills, with an ability to learn new tools quicklyStrong understanding of compliance program mandates and operational risk frameworksExceptional analytical, problem solving, critical thinking and project management skills with a proven track record of execution against deadlinesLeverage strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholdersDemonstrate resiliency and creativity when under pressure and when managing time-sensitive demands from competing stakeholdersExperience in delivering high quality work products, reflecting attention to detailWork independently and exercise strong judgment when executing an assigned taskMulti-task and can manage and advance multiple projects simultaneously.Identify and effectively escalate potential issues to appropriate person(s)
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