Internal Audit, Regulatory Relations Team, Vice President, New York

Goldman Sachs; New York (NY); On-site; USD 100,000 - 250,000; Full time

Job summary

Goldman Sachs Internal Audit in New York seeks a detail-oriented professional to independently assess the firm’s control environment and governance. You will liaise with regulators, oversee regulatory interactions, and support management with control enhancements across functions.

The role requires 8+ years in regulatory relations or finance, strong communication and project-management skills, and the ability to manage multiple stakeholders and deliver timely, accurate responses.

Qualifications

• Undergraduate degree in finance, accounting or other quantitative discipline.
• Minimum of 8 years of experience in regulatory relations, finance/accounting, operational management.
• Highly organized and detail-oriented with excellent multi-tasking and follow-through ability.
• Strong project and time management skills.
• Good communicator who can manage multiple stakeholders, keen to drive consensus and influence the outcomes.
• Strong interpersonal, verbal and written communication skills.
• Proficient in Microsoft Excel, Word, PowerPoint and SharePoint or other BI tools.
• Solutions and innovation minded with strong analytical and problem-solving skills, including process re-engineering, the ability to organize and analyze and report results to various audiences.
• Energetic, self-directed and self-motivated, able to build and sustain long-term relationships with teammates and colleagues.
• Excellent team player who is enthusiastic, motivated to learn and detailed oriented.

Responsibilities

• As the liaison between IA and the regulators on matters of regulatory compliance, the Regulatory Relations Team works closely with the various IA functional teams.
• The team is responsible for overseeing the examination process and coordinating regulatory interactions for IA.
• Ensure that incoming regulatory matters that concern IA are appropriately tracked.
• Work with the IA functional teams regarding regulatory information requests and responses.
• Providing best practices for regulatory interactions, submissions and meeting management.
• Monitor teams progress in completing undertakings made to regulators during inquiries and exams, among other responsibilities.
• Take ownership of expanding processes and controls within the team to provide support to one of our European offices.
• Participation in corporate governance groups supporting regulatory matters including providing summaries and managing follow-ups.
• Senior management reporting.
• Escalate situations, as appropriate, to relevant to senior leadership.
• Take ownership of processes and controls within the team, drive the development of methods to improve processes and / or controls to ensure that these are efficient, effective and relevant.
• Execute and manage ad-hoc projects.
• Maintain a centralized warehouse for documents related to requests, responses and commitments

Skills

Regulatory relations

Financial controls

Project management

Stakeholder management

Communication skills

Analytical thinking

Education

Undergraduate degree in finance or accounting

Tools

Microsoft Excel

PowerPoint

Word

SharePoint

Job description

INTERNAL AUDIT

In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm’s compliance with laws and regulations, and advising management on developing smart control solutions. Our group has unique insight on the financial industry and its products and operations. We’re looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm’s operations and control processes.

Job Description

In Internal Audit, we ensure that Goldman Sachs maintains effective controls by assessing the reliability of financial reports, monitoring the firm’s compliance with laws and regulations, and advising management on developing smart control solutions. Our group has unique insight on the financial industry and its products and operations. We’re looking for detail-oriented team players who have an interest in financial markets and want to gain insight into the firm’s operations and control processes.

Internal Audit's (IA) mission is to independently assess the firm’s overall control environment, including the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks.

IA also supports the Board of Directors' Audit Committee by providing independent, objective and timely assurance and is a function designed to assist the Audit Committee, Management and regulators by

• Communicating and reporting on the effectiveness of the firm’s governance, risk management and controls that mitigate current and evolving risks;
• Raising awareness of control risk;
• Assessing the firm’s control culture and conduct risks; and
• Monitoring management’s implementation of control measures

IA is comprised of global functional audit teams covering the various business areas of the firm: Asset & Wealth Management, Risk, Finance, Compliance, Global Banking & Markets, and Engineering. Our group has unique insight on the financial industry and its products and operations.

Based on IA’s responsibilities, we have extensive interactions with the various regulators. We are looking for a detail-oriented individual who has an interest in financial markets and wants to gain insight into the firm’s operations and control processes.

Key Responsibilities

As the liaison between IA and the regulators on matters of regulatory compliance, the Regulatory Relations Team works closely with the various IA functional teams. The team is responsible for overseeing the examination process and coordinating regulatory interactions for IA. The primary responsibilities and expectations of the team members include:

• Ensure that incoming regulatory matters that concern IA are appropriately tracked
• Work with the IA functional teams regarding regulatory information requests and responses
• Providing best practices for regulatory interactions, submissions and meeting management
• Monitor teams progress in completing undertakings made to regulators during inquiries and exams, among other responsibilities
• Take ownership of expanding processes and controls within the team to provide support to one of our European offices
• Participation in corporate governance groups supporting regulatory matters including providing summaries and managing follow-ups
• Senior management reporting
• Escalate situations, as appropriate, to relevant to senior leadership
• Take ownership of processes and controls within the team, drive the development of methods to improve processes and / or controls to ensure that these are efficient, effective and relevant
• Execute and manage ad-hoc projects
• Maintain a centralized warehouse for documents related to requests, responses and commitments

Business Knowledge / Qualifications

• Undergraduate degree in finance, accounting or other quantitative discipline
• Minimum of 8 years of experience in regulatory relations, finance/accounting, operational management
• Highly organized and detail-oriented with excellent multi-tasking and follow-through ability
• Strong project and time management skills
• Good communicator who can manage multiple stakeholders, keen to drive consensus and influence the outcomes
• Strong interpersonal, verbal and written communication skills
• Proficient in Microsoft Excel, Word, PowerPoint and SharePoint or other Business Intelligence (BI) tools
• Solutions and innovation minded with strong analytical and problem-solving skills, including process re-engineering, the ability to organize and analyze and report results to various audiences
• Energetic, self-directed and self-motivated, able to build and sustain long-term relationships with teammates and colleagues
• Excellent team player who is enthusiastic, motivated to learn and detailed oriented

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

Copyright The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

Salary Range

The expected base salary for this New York, NY, United States-based position is $100000-$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 .