Compliance, Consumer Compliance, Associate- Richardson Richardson · · Associate

Goldman Sachs Bank AG; Richardson (TX); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a compliance associate to join their dynamic team in Richardson. This role focuses on consumer regulations, analyzing risks, and ensuring adherence to compliance standards. You will collaborate with various departments to identify and mitigate compliance risks while leveraging technology for monitoring and reporting. The ideal candidate will possess strong analytical and organizational skills, along with a commitment to maintaining a robust compliance environment. Join a forward-thinking firm that values diversity and inclusion, and take the next step in your career with a team dedicated to excellence in compliance.

Benefits

Diversity and Inclusion Programs

Training and Development Opportunities

Wellness Programs

Mindfulness Programs

Qualifications

• 3-5 years of experience in compliance or related field.
• Strong analytical, problem-solving, and communication skills.

Responsibilities

• Analyze risks and perform tests for regulatory adherence.
• Make recommendations to enhance compliance monitoring programs.

Skills

Analytical Skills

Problem Solving

Project Management

Organizational Skills

Communication Skills

Adaptability

Attention to Detail

Teamwork

Education

Bachelor's Degree

Tools

Excel

PowerPoint

Tableau

GRC Tools (e.g. Archer)

Job description

Opportunity Overview

CORPORATE TITLE: Associate

OFFICE LOCATION(S): Richardson

JOB FUNCTION: Business Unit Compliance

DIVISION: Compliance Division

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.

Your Impact

We’re looking for an associate to join our compliance monitoring team. With an emphasis on consumer regulations, you will focus on analyzing risks by performing a series of tests for regulatory adherence and discussing findings with the appropriate internal business process owners. Additional responsibilities include making recommendations to enhance the compliance monitoring program and the firm’s control environment based on findings.

Our Impact

Our consumer compliance monitoring partners with all functional areas of the Cards business and you will have responsibility in identifying, measuring, and mitigating risks. The Consumer Compliance Monitoring team performs proactive and ongoing monitoring work focused on consumer regulatory and reputational risks in the firm’s businesses. The team works closely with business management within Marcus, Legal, Global Compliance and with other investing divisions with consumer business focus.

How will you fulfill your potential:

• Support compliance with U.S. consumer financial laws and regulations applicable to consumer products issued in the United States
• Support execution of the Firm’s compliance program for consumer banking operations, focusing on consumer facing processes
• Identify compliance risks associated with business processes and practices in areas related to credit card pricing and platforms
• Present findings to compliance senior management
• Leverage technology to facilitate monitoring and reporting of compliance risk and drive process enhancements

Basic Qualifications:

• Three to five years of relevant experience
• Strong analytical and problem solving skills
• Project management and organizational skills
• Proficiency in Excel (pivot tables, VLookups) and PowerPoint
• Willingness to adapt in a fast-paced work environment; strong sense of urgency
• Strong written and verbal communication skills with the ability to summarize observations and present in a clear, concise manner to peers
• Ability to quickly grasp new complex concepts and regulations
• Ability to identify opportunities for process improvements
• Ability to work independently and be team-oriented
• Strong work ethic

Preferred Qualifications:

• Basic knowledge of regulations governing the consumer banking industry
• Experience in compliance monitoring programs
• Fluency in Spanish a plus
• Prior experience with reporting applications (e.g. Tableau) and/or GRC tools (e.g. Archer)

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.