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Compliance, Consumer Compliance - Secondary Markets, Analyst / Associate
Goldman Sachs
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Compliance, Consumer Compliance - Secondary Markets, Analyst / Associate

Goldman Sachs

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Details
Posted:
June 19, 2024
Location:
New York, New York
WHO WE ARE

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

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 AND QUALIFICATIONS

Job Summary

This position will play a key role on the Consumer Compliance - Secondary Markets team, which identifies, assesses and mitigates risk as it relates to applicable U.S. federal and state consumer compliance and fair lending laws and regulations in connection with business transactions that Goldman Sachs is party to in any number of capacities. The Consumer Compliance - Secondary Markets team primarily supports Global Banking & Markets (GBM) and Asset Wealth Management (AWM) teams and works closely with GS Legal, outside counsel, and other third-party advisors to review transactions across the firm and assess consumer regulatory risks in connection with the specific counterparty and consumer-related products or services offered. In addition, Consumer Compliance assists and, in some cases, drives the key components of the deal diligence process.

Key Responsibilities:
  • Primary responsibilities include managing and improving existing processes related to consumer regulatory diligence conducted by the team, including managing internal policies and procedures and relevant deal-related documentation, and working on ad-hoc projects, as needed
  • Develop and enhance internal processes for managing compliance residential mortgage asset-level due diligence reviews, from tracking of diligence requests to assisting with completion of asset-level reviews
  • Assist as needed with counterparty due diligence reviews conducted internally or with the assistance of outside counsel on GBM and AWM transactions focused on U.S. federal and state consumer regulatory requirements across product types (e.g., residential mortgage and consumer loans)
  • Review draft committee materials prepared by deal teams in order to prepare initial draft of Consumer Compliance feedback to be included in committee materials
  • Conduct and summarize research on specific counterparties, industries, or asset classes to identify consumer protection developments, regulatory focus, and reputational risks in order to inform internal views
  • Provide ongoing support of transactions that have closed that require input from Consumer Compliance
  • Assist in the development of consumer compliance risk controls, as needed
Qualifications & Experience:
  • Bachelor's Degree and 3+ years of prior experience in compliance, legal, regulation or related business side experience
  • General knowledge of U.S. federal and state consumer compliance and fair lending laws and regulations
  • Excellent written/verbal communication skills
  • Ability to handle multiple tasks simultaneously and work under tight deadlines
  • Highly motivated, reliable, and accountable
  • Ability to work with a range of senior managers, peers and junior colleagues and build smooth working relationships
  • Strong project management, analytical, and problem-solving 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

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 .

Salary Range
The expected base salary for this New York, New York, United States-based position is $85000-$140000. 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 .

Internal Number: 20945363
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