Compliance, Regulatory Compliance, US Banking Regulatory Engagement, Vice President, New York

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. 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 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.

Serve as a key liaison between the bank and regulatory agencies, leveraging your prior expertise in regulatory relations or affairs. Establish and maintain effective relationships with regulators, fostering open communication and collaboration.

Coordinate and support regulatory examinations and audits by leveraging your deep understanding of the regulatory process. Prepare the firm for examinations, facilitate communication with regulators, and collaborate with internal stakeholders to address examination findings and recommendations.

Qualifications

• Bachelor's degree required;
• Prior experience in regulatory relations / affairs:
  • Experience in managing regulatory relations or affairs in financial services, preferably including experience with the Federal Reserve and/or OCC;
  • Proven track record of successful coordination and management of regulatory examinations;
  • Detail-oriented with the ability to manage multiple tasks simultaneously;
  • 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, emerging compliance risks, and culture-related initiatives;
  • Strong understanding of compliance risk management and the ability to assess regulatory impacts on policies, processes, and controls;
  • Excellent communication and interpersonal skills, with the ability to build effective relationships with regulatory agencies and influence stakeholders at all levels.
  • Sound judgment and decision-making abilities in evaluating risk scenarios;
  • Excellent analytical and critical thinking skills, with the ability to assess complex regulatory requirements and identify potential compliance risks;
  • Strong analytical and critical thinking abilities, with keen attention to detail and the ability to navigate complex regulatory frameworks;
  • Ability to translate regulatory requirements into practical guidance and action plans for the firm;