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Compliance-Consumer Banking Compliance, Vice President; Draper UT, Wilmington DE, Dallas TX

Goldman Sachs

Goldman Sachs

Legal
draper, ut, 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.
Consumer Banking Compliance

Your Impact

Are you passionate about digital consumer banking? We’re looking for a Vice President to join our consumer banking compliance team. You will focus on supporting the business to ensure flawless execution of strategies and programs consistent with consumer compliance requirements. You will specifically support enhancements in the Compliance Management System and Risks and Controls framework in consumer banking.

Our Impact

Our consumer banking compliance team partners with all functional areas of the credit card, deposits, and lending business to advise on business strategy, develop compliant processes within the business, implement compliance processes, systems, and digital tools for identifying, measuring, and mitigating risk and report on the status of such risk. You will be involved managing this business for the Firm focused on uplifts to the risks and controls framework.

How will you fulfill your Potential

  • Enhance the Compliance Management System and drive consistency in its execution
  • Provide guidance and training on applicable compliance requirements associated with consumer banking
  • Develop and maintain policies designed to achieve compliance with applicable laws, regulations and industry best practices
  • Oversee Regulatory Change Management process for consumer businesses
  • Serve as the central Compliance contact for first line consumer process reviews
  • Maintain and update legal inventory of federal and state laws and regulations
  • Support CMS objectives owned by the first line to enhance governance, control framework, risk assessment, training, and change management

Basic Qualifications

  • 10+ years of compliance, operations, or legal experience in financial services
  • Bachelor's degree or equivalent military experience
  • Experience in compliance program management execution
  • Knowledge of applicable federal and state consumer lending laws and regulations as well as industry association standards, including, among others, Truth in Lending Act (Reg Z), Fair Credit Reporting Act (FCRA/Regulation V), Electronic Funds Transfer Act (EFTA), and Unfair, Deceptive or Abusive Acts and Practices (UDAAP)
  • Must be self-directed, organized, positive, driven, detail-oriented, and effective in a fast-paced, changing environment

Preferred Qualifications

  • Risk management experience in Compliance, Legal, Audit, or related field
  • Operational knowledge of consumer banking industry and products
  • Experience in implementing control frameworks
  • Strong understanding of digital and retail focused businesses
  • Strong relationship management skills with ability to deepen relationships and build partnerships across the business and key functional support areas like Internal Audit, Legal, Technology, and Risk
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
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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity