Compliance, Regulatory Compliance, US Bank Regulatory Engagement, Associate, Dallas

Dallas, TX, United States

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, 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

Bachelor's degree

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;

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, emerging compliance risks, and culture-related initiatives

Excellent analytical and critical thinking skills, with the ability to assess complex regulatory requirements, identify potential compliance risks, and translate into practical action plans for the firm

Sound judgment and decision-making abilities in evaluating risk scenarios

Detail-oriented with the ability to manage multiple tasks simultaneously

Excellent communication and interpersonal skills, with the ability to build effective relationships with regulatory agencies and influence stakeholders at all levels

Proven project management skills, including the ability to prioritize and manage multiple initiatives simultaneously

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

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

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