Compliance, Core Compliance - Regulatory Inventory Change Management, Vice President

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 this 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. We look for those who possess sound judgment, curiosity, and are able to adapt to a changing regulatory landscape.

Core Compliance is a team within Global Compliance that is responsible for implementing and maintaining the firm's integrated regulatory compliance program, which includes risk assessments, regulatory change management, policies, and training. The Regulatory Change Management (RCM) group in Core Compliance is responsible for developing the RCM strategy, managing the program, and identifying and monitoring regulatory changes from the rule proposal stage through implementation of such changes at the firm.

RESPONSIBILITIES AND QUALIFICATIONS

Core Compliance is at the forefront of ensuring our firm's compliance program is best in class, factoring in the latest regulatory guidance and industry standards. We are looking for a team member who can help drive our mission forward and collaborate across business units within Compliance, Compliance Engineering, and the firm. We are looking for someone who is equal part visionary and executor, with a versatile mix of legal, compliance and/or business experience with a focus on regulatory identification, change management and implementation. At times, the role will require you to navigate and problem solve with multiple teams and stakeholders bearing in mind timelines and a senior audience.

Principal Responsibilities:

• Oversee end-to-end reg change workflow from design through implementation
• Develop multi-year plan and communication strategy for enhancing the regulatory change management program
• Monitor, analyze and communicate regulatory updates (i.e. new and revised rule changes issued via proposed/final rules) issued by global regulators
• Maintain and update the global regulations inventory, including drafting obligations
• Partner with Compliance Engineering to design and enhance the reg inventory and workflow tools
• Drive strategy to map policies and controls to regulations

Qualifications:

• Bachelor's degree required
• Minimum of 7 years' experience in compliance or risk management in the financial services industry
• Extensive knowledge of global regulators and the RCM process preferred
• Experience in utilizing or maintaining a repository for regulatory updates (e.g. GRC platform) preferred
• Proven experience in managing change in a dynamic environment across multiple entities, businesses, functions and/or jurisdictions
• Strong project management skills
• Detail-oriented and able to produce quality work product, even when working under tight timeframes
• Comfortable being independent and a self-starter
• MS Office proficiency; advanced knowledge of PowerPoint and Excel is preferred
• Excellent oral and written communication 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.

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 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 $115000-$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.