Compliance, Consumer Compliance, VP / Senior Vice President, Richardson, TX

The Goldman Sachs Group
United States, Texas, Richardson
Feb 13, 2025
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 The role of the Securities-Based Lending Compliance Officer is to build and promote a strong compliance program that ensures ongoing compliance with regulations and firm policies governing securities-based lending to clients of the firm and clients of third-party broker dealers. The Compliance Officer will work across businesses and collaborate with various controls and risk stakeholders. Regulatory Compliance: * Implement and enhance controls to ensure compliance with federal regulations and state laws applicable to securities-based lending activity, including Regulation B, Regulation O, Regulation U, Regulation W, Information Privacy, and other relevant regulatory requirements * Monitor pending federal and state legislation related to lending that is applicable to securities-based lending. Communicate status of relevant pending legislation and enacted legislation pertaining to business operations and coordinate the implementation of such legislation with operations, systems and support departments * Maintain compliance-related policies and procedures * Provide technical regulatory advisory related to securities-based lending * Provide due diligence and monitoring support for external counterparty relationships * Actively partner with business on all initiatives * Assess training needs, develop and conduct training on the applicability of compliance laws and regulations * Conduct Quality Control Reviews and Risk Assessments * Complete special projects as requested by management Basic Qualifications * Minimum - Bachelor's Degree * At least 10 years of prior experience in bank compliance, audit or other control function, or experience as a Bank regulator * Strong knowledge of banking regulations related to lending and deposit products SKILLS * Proactive in identifying risks and proposing creative solutions * Demonstrate ability to appropriately exercise judgment and decision-making in a collaborative consensus-driven environment * Excellent written/verbal communication skills * Ability to handle multiple tasks simultaneously and work under tight deadlines * Highly motivated, reliable, and accountability * Good team player - one who is able to prioritize in a fast moving, constantly changing environment * Ability to work with a range of senior managers, peers and junior colleagues and build smooth working relationships * Strong project management, analytical, and functional skills * Strong analytical and problem-solving skills with the ability to exercise sound and balanced judgment 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