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
Job Summary
This position will play a key role on the Consumer Compliance – Secondary Markets team, which identifies, assesses and mitigates risk as it relates to applicable U.S. federal and state consumer compliance and fair lending laws and regulations in connection with business transactions that Goldman Sachs is party to in any number of capacities. The Consumer Compliance Secondary Markets team primarily supports Global Banking & Markets (GBM) and Asset Wealth Management (AWM) teams and works closely with GS Legal, outside counsel, and other third-party advisors to review transactions across the firm and assess consumer regulatory risks in connection with the specific counterparty and consumer-related products or services offered. In addition, Consumer Compliance assists and, in some cases, drives the key components of the deal diligence process.
Key Responsibilities:
- Primary responsibilities include managing and improving existing processes related to consumer regulatory diligence conducted by the team, including managing internal policies and procedures and relevant deal-related documentation, and working on ad-hoc projects, as needed
- Develop and enhance internal processes for managing compliance residential mortgage asset-level due diligence reviews, from tracking of diligence requests to assisting with completion of asset-level reviews
- Assist as needed with counterparty due diligence reviews conducted internally or with the assistance of outside counsel on GBM and AWM transactions focused on U.S. federal and state consumer regulatory requirements across product types (e.g., residential mortgage and consumer loans)
- Review draft committee materials prepared by deal teams in order to prepare initial draft of Consumer Compliance feedback to be included in committee materials
- Conduct and summarize research on specific counterparties, industries, or asset classes to identify consumer protection developments, regulatory focus, and reputational risks in order to inform internal views
- Provide ongoing support of transactions that have closed that require input from Consumer Compliance
- Assist in the development of consumer compliance risk controls, as needed
Qualifications & Experience:
- Bachelor’s Degree and 3+ years of prior experience in compliance, legal, regulation or related business side experience
- General knowledge of U.S. federal and state consumer compliance and fair lending laws and regulations
- Excellent written/verbal communication skills
- Ability to handle multiple tasks simultaneously and work under tight deadlines
- Highly motivated, reliable, and accountable
- Ability to work with a range of senior managers, peers and junior colleagues and build smooth working relationships
- Strong project management, analytical, and problem-solving 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.
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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.