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. 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 risk management program as a part of the firm's second line of defense. 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. Consumer Product Compliance is at the forefront of delivering robust risk management in adherence with regulatory expectations. ABOUT THE ROLE We 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 process Align and continuously evolve strategy for mapping regulatory requirements to relevant parts of the Risk Management Framework, including policies and controls Engage 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 regulations Facilitate reporting and information sharing Partner 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 QUALIFICATIONS Bachelor's degree and 2+ years of experience in risk, legal, compliance, and/or project management in financial services Professional experience in handling various regulatory change objectives in the financial services industry Advanced PowerPoint and Excel skills, with an ability to learn new tools quickly 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 can manage and advance multiple projects simultaneously. Identify and effectively escalate potential issues to appropriate person(s)
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
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. 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 risk management program as a part of the firm's second line of defense. 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. Consumer Product Compliance is at the forefront of delivering robust risk management in adherence with regulatory expectations. ABOUT THE ROLE We 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 process Align and continuously evolve strategy for mapping regulatory requirements to relevant parts of the Risk Management Framework, including policies and controls Engage 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 regulations Facilitate reporting and information sharing Partner 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 QUALIFICATIONS Bachelor's degree and 2+ years of experience in risk, legal, compliance, and/or project management in financial services Professional experience in handling various regulatory change objectives in the financial services industry Advanced PowerPoint and Excel skills, with an ability to learn new tools quickly 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 can manage and advance multiple projects simultaneously. Identify and effectively escalate potential issues to appropriate person(s)
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity