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Compliance, Core Compliance - Issue Management, Vice President

Goldman Sachs

Goldman Sachs

Legal
New York, NY, USA
Posted on Thursday, June 6, 2024

Job Description

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.

Responsibilities and Qualifications

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 compliance risk management program forward, by collaborating with first- and second-line teams, including Engineering, Operational Risk, the business and Compliance globally. The successful candidate should demonstrate strategic thinking, comfort interacting with senior audiences, and an ability to lead large scale transformation.

We are looking for someone who is equal part visionary and executor. The role will require you to collaborate, navigate and problem solve with multiple teams.

Principal Responsibilities:

  • Develop and implement strategy for building an Issue Management program within Compliance
  • Develop end-to-end Issue Management process for Compliance and document an Issue Management procedure
  • Coordinate ongoing Issue Management process for Compliance to ensure the division is in compliance with firmwide Issue Management requirements
  • Partner with divisional leads to self-identify issues and ensure subsequent mitigation of risk and gaps through Corrective Action plans
  • Develop methodology to review and challenge 1LoD and 2LOD issues submitted for closure
  • Develop Lessons Learned analysis
  • Establish metrics and reporting for Senior Management

Qualifications:

  • 10+ years’ experience in compliance or risk management in the financial services industry or consulting industry
  • Bachelor's degree
  • Experience with issue management and/or internal control frameworks
  • Experience with quality assurance or 2LOD review and challenge
  • 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
  • Strong communication and relationship-building skills in frequent interaction with other areas of the firm, in particular, senior stakeholders
  • Detail-oriented and able to produce quality work product, even when managing time-sensitive demands from competing stakeholders
  • Work independently and exercise strong judgment
  • Advanced PowerPoint and Excel skills
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

Salary Range
The expected base salary for this New York, New York, United States-based position is $115000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.

Benefits
Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.