COMPLIANCE, FEDERATION COMPLIANCE, VICE PRESIDENT

Goldman Sachs; New York (NY); On-site; USD 115,000 - 250,000; Full time

Job summary

A leading global investment bank seeks a Compliance Officer to support the Engineering Division. This role involves advising on compliance risks, conducting investigations, and ensuring adherence to regulatory standards. The ideal candidate will have extensive experience in compliance and a strong background in technology regulations, contributing to worldwide initiatives at Goldman Sachs.

Benefits

Competitive salary and bonus structure

Comprehensive benefits package

Qualifications

• 6-8+ years of experience in compliance or risk management focused on technology risk.
• Experience interpreting regulations and understanding global regulatory environments.
• Experience interacting with regulators and supporting audits.

Responsibilities

• Advise and influence the Engineering Division on regulatory compliance.
• Conduct compliance investigations and coordinate with global counterparts.
• Analyze regulations to identify compliance gaps for technology.

Skills

Clear communication

Risk management

Analytical skills

Negotiation

Problem-solving

Education

Bachelor’s degree

Graduate degree in information security/risk management

Job description

Pay Competitive

Location New York/New York

Employment type Full-Time

Job Description

Req#: 111530

GLOBAL COMPLIANCE AT GOLDMAN SACHS

At Goldman Sachs, the mandate of Global Compliance is to prevent, detect and mitigate compliance, regulatory, and reputational risk across the firm and help to strengthen the firm’s culture of compliance. Compliance accomplishes this mandate 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. Compliance provides advice on how to conduct the firm’s business in a manner that complies with the vast array of rules, regulations and regulatory expectations around the globe. Importantly, Compliance plays a key role in reviewing and effectively challenging transactions presenting compliance or reputational risks.

BUSINESS UNIT AND ROLE OVERVIEW

Federation Compliance provides compliance coverage to the Operations, Engineering, Controllers, Corporate Treasury, Corporate and Workplace Solutions, Executive Office, Finance, Planning and Analysis, Risk, Tax and Human Capital Management divisions (“the Federation”). This includes:

• Conducting risk identification, measurement and assessment
• Monitoring for compliance with laws, rules, regulations and policies, including the identification and investigation of conduct related issues
• Participating in firm responses to regulatory examinations, audits and inquiries
• Performing surveillance and investigations of business activities of the above-referenced Federation groups
• Testing the effectiveness of controls
• Writing policies and procedures
• Communicating regulatory requirements and firm policy expectations to educate others both one-on-one and through compliance learning initiative

ROLE AND RESPONSIBILITIES

As part of the Americas Federation Compliance team, you will provide compliance support and coverage for the firm’s Engineering division. You will also participate in region-wide and global initiatives to enact the Global Compliance mandate and Business Unit priorities. To fulfill this role and responsibilities, you will need to:

• Advise, challenge, and influence the Engineering Division and business divisions on regulations, policies, and reputational risk
• Brief senior leadership on risks identified and ensure stakeholder investment
• Analyze and conduct ongoing reviews of technology regulations, agency guidance, trends and enforcement actions to assess the impact to the firm and identify potential gaps
• Partner with the impacted groups to ensure the business is able to support new requirements
• Identify, investigate and manage compliance issues involving the Engineering Division
• Coordinate with counterparts in other jurisdictions to ensure the firm is meeting technology related regulatory requirements globally
• As needed, support development and analysis of technology-related policies, standards and processes to ensure compliance with applicable regulations and requirements
• Recommend compliance testing or forensic work to be performed
• Develop and deliver communications and training to the Engineering Division and other Federation teams
• Coordinate with the broader Federation Compliance team on specific initiatives and projects

QUALIFICATIONS AND SKILLS

A strong candidate for Federation Compliance will satisfy the following criteria:

• At least 6-8+ years of work experience, experience as a compliance officer or in a risk management role focused on technology risk preferable
• Bachelor’s degree or higher, graduate degree in information security/risk management a plus, but not required
• Experience reading and interpreting regulations, laws and statutes
• Understanding of the global regulatory environment as it relates to technology, cyber security and information security
• Experience interacting with regulators, or supporting regulatory audits or inquiries

A strong candidate for Federation Compliance will possess the following skills:

• Clear, concise communications skills; able to communicate with impact at senior levels
• Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a risk manager
• Work independently. Exercise sound judgment, ethics and integrity
• Fast learner; able to adapt to business and regulatory changes; interest to challenge status quo and find new solutions
• Well organized with the ability to manage both longer term projects and daily, often time-sensitive, escalations
• Proficient in using technology; able to analyze data sets and summarize findings; comfortable learning new technologies, both as a user and to identify risks
• Team-oriented and supportive of others’ success; comfortable representing a team work product to stakeholders
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 .

About the company

The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City.

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