Compliance, Regulatory Compliance, US Bank Regulatory Engagement, Associate
Company: Goldman Sachs
Location: New York
Posted on: April 28, 2024
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Job Description:
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. Our Team Goldman Sachs'
US Banking Regulatory Engagement team coordinates engagement with
the firm's US Banking regulators, including the Federal Reserve
Bank of New York, New York Department of Financial Services,
Federal Deposit Insurance Corporation and Consumer Financial
Protection Bureau. The team functions as a regulatory liaison
office, fielding inquiries, coordinating throughout our firm,
managing examination and internal stakeholder meetings and
communication. We strive to enhance our interactions with banking
regulators by managing regulatory engagement protocols, regulatory
events tracking, communications, and engagement / exam-related
reporting. The team also provides oversight of US Banking-related
regulatory remediation throughout our firm, including overseeing
the successful execution of remediation plans by establishing and
promoting best practices, standardizing processes, and project
management to effectively manage milestones, resources, objectives,
and status reporting. In your role, you will work with these
teammates to ensure our regulatory remediations are informed by
regulatory priorities, emerging examination areas of focus and
related learnings. This Role We are seeking a highly skilled and
experienced professional to join our US Banking Regulatory
Engagement team with expertise in financial services regulatory
exam management and regulatory relations. In this role, you will be
responsible for engaging with regulatory agencies, providing expert
guidance on regulatory matters, and ensuring compliance with
applicable banking laws and regulations. You will have a front-row
seat to how regulatory areas of focus link to the current economic
environment, and advise senior stakeholders in the firm's
businesses on how to effectively communicate priorities and resolve
concerns. Serve as a key liaison between the bank and regulatory
agencies, leveraging your prior expertise in regulatory relations
or affairs. Coordinate and support regulatory examinations and
audits by leveraging your deep understanding of the regulatory
process. Manage both internal and external relationships with
senior stakeholders to foster productive, open communication and
collaboration. Advise the business on how to communicate core
challenges to the regulators and in evolving their strategy to
address regulatory priorities. Synthesize complex subject matter to
convey regulatory trends to leadership. Proactively prepare the
firm for examinations and collaborate with internal stakeholders to
address examination findings and recommendations. This is an
exciting opportunity for an individual who wants to join a team
that will work together to protect the firm, provide effective
challenge and be an agent of change. Qualifications
Keywords: Goldman Sachs, Jersey City , Compliance, Regulatory Compliance, US Bank Regulatory Engagement, Associate, Accounting, Auditing , New York, New Jersey
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