Compliance, US Bank Regulatory Engagement, Senior Compliance Officer
Location: New York, New York, United States
Opportunity Overview
Corporate Title: Senior Vice President
Office Location(s): New York
Job Function: Regulatory Compliance
Division: Compliance Division
Salary Range: USD 115,000 - 250,000
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. Our team ensures regulatory responses are consistent in tone and convey an appropriate level of detail related to action items and intended outcomes. 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 as a former federal banking regulator, auditor, consultant, or similar roles. In this role, you will be responsible for:
- Engaging with regulatory agencies and providing guidance to the business on regulatory matters
- Serving as a key liaison between the firm and regulatory agencies leveraging your prior expertise
- Establishing and maintaining effective relationships with regulators, fostering open communication and collaboration
- Coordinating and supporting regulatory examinations and audits by leveraging your deep understanding of the regulatory process
- Preparing the firm for examinations, facilitating communication with regulators, and collaborating with internal stakeholders to address examination findings and recommendations
Qualifications
- Bachelor's degree required
- Regulatory Experience:
- Regulatory experience including a deep understanding of banking laws, regulations, and examination processes
- Excellent communication and interpersonal skills, with the ability to build effective relationships with regulatory agencies and influence stakeholders at all levels
- Excellent analytical and critical thinking skills, with the ability to assess complex regulatory requirements
- Proven project management skills, including the ability to prioritize and manage multiple initiatives simultaneously
- Comprehensive knowledge of banking regulations, including but not limited to Basel III, Dodd-Frank Act, Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Consumer Protection regulations
- Strong knowledge of industry best practices and emerging risks
- Strong understanding of risk management and the ability to assess regulatory impacts on policies, processes, and controls
- Sound judgment and decision-making abilities in evaluating risk scenarios
- Comfortable being independent and a self-starter
- MS Office proficiency
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
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 $115,000-$250,000. 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.
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