Job Description

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

Are you passionate about digital consumer banking? We’re looking for an Associate to join our compliance monitoring team covering consumer banking. You will focus on building and managing a compliance monitoring program, designing controls to mitigate regulatory, consumer and reputational risks.

Our Impact

Our consumer compliance monitoring partners with all functional areas of the Consumer business and you will have responsibility in identifying, measuring, and mitigating risks.  You will be involved in managing growing this business for the Firm.

How will you fulfill your potential:

• Conducting testing associated with key consumer business processes and consumer financial regulations.
• Identifying risk patterns and trends and determining focus areas for enhanced testing
• Read relevant regulations, policies and procedures to ensure an understanding of the objective and soundness of the methodology in addressing areas of risk
• Design test scripts to surface areas of risk in the business activities
• Frequent escalation, reporting and ongoing communication to the business and Consumer Compliance management is required in this role.
• Working with data to derive insight and identify key risk areas within the Consumer business functions
• 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 consumer product and platforms
• Leverage technology to facilitate monitoring and reporting of compliance risk

Basic Qualifications:

• Minimum 3-5 years of experience, preferably in the financial services industry
• Bachelor's degree or equivalent military experience
• Excellent written and verbal communication skills with the ability to summarize observations and present in a clear, concise manner to peers, managers and Consumer Compliance management
• Ability to quickly grasp complex concepts, including global business and regulatory matters 
• Expertise in delivering high quality work products, reflecting attention to detail and analytical prowess
• Ability to organize, plan and execute on key deliverables and to meet challenging deadlines
• Professional maturity and confidence in expressing a point of view 
• Must be self-directed, organized, positive, driven, detail-oriented, and effective in a fast-paced, changing environment 
• Excellent written and verbal communication skills with the ability to summarize observations and present in a clear, concise manner to peers, managers and senior Consumer Compliance management
• Ability to quickly grasp complex concepts, including global business and regulatory matters 
• Professional maturity and confidence in expressing a point of view with senior management 
• Experience automating collection of data and analysis of large data sets, including experience with data analytics and visualization applications (e.g. Excel, Tableau, Alteryx, Python) 

Preferred Qualifications: 

• Risk management experience in Compliance, Legal, Audit or related field
• MBA or JD a plus
• Subject Matter Expertise and practical experience in building out or managing compliance monitoring on U.S. consumer financial laws and regulations in areas such as billing statements, payments, changes in credit terms, and/or underwriting
• Project management experience with ability to build rapport, garner respect, and appropriately exercise judgment and decision making in a collaborative consensus-driven environment 
• Management skills and ability to resolve conflicting situations
• Past experience building and maintaining key relationships, establishing and fostering a culture of stakeholder engagement, and leveraging strong communications skills to interact across global teams
• Knowledge of applicable U.S. federal and state consumer lending laws and regulations as well as industry association standards, including, among others, Truth in Lending Act (Reg Z), Equal Credit Opportunity Act (Reg B), Fair Credit Reporting Act (Reg V), UDAAP
• Operational knowledge of consumer banking industry and products
• 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
• Past experience building and maintaining key relationships, establishing and fostering a culture of stakeholder engagement, and leveraging strong communications skills to interact across departments and functions 

Spanish fluency a plus

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 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.