Compliance, Private Wealth Management PWM Compliance, Vice President, New York

Goldman Sachs•New York, NY

1d•Onsite

About The Position

Global Compliance's division prevents, detects, and mitigates compliance, regulatory, and reputational risk across the firm. It operates as an independent control function and part of the firm’s second line of defense, assessing risk, monitoring compliance with laws and regulations, designing and implementing controls, policies, procedures, and training, conducting independent testing, investigating risks and breaches, and leading responses to regulatory examinations. The team comprises individuals from diverse backgrounds such as law, accounting, sales, and trading, seeking those with sound judgment, curiosity, and adaptability. Private Wealth Management (PWM) Compliance is responsible for supervising the business to ensure adherence to regulations and firm policies, and assists with the implementation of new regulations and systems/processes. The team covers a growing and evolving range of PWM businesses. The role requires a visionary and executor who can navigate and solve problems with multiple teams and stakeholders, possessing sound judgment, curiosity, and adaptability. As a contributor within PWM Compliance, the successful candidate will support and organize Compliance’s involvement in projects and processes, serve as the key Compliance contact for working groups and business lines, and develop subject matter expertise in applicable regulations. The role involves collaboration with the broader compliance team to deliver high-quality work products, demonstrating attention to detail and analytical prowess. PWM Compliance is seeking a Vice President based in New York to support diverse PWM Compliance coverage areas and strategic initiatives. This role involves partnering closely with business leaders, Legal, Risk, and other control functions. The candidate will act as a key compliance advisor on regulatory, supervisory, and business-driven projects, driving the enhancement of compliance risk management practices across the division. The role offers exposure to regulatory change management, governance, marketing review, risk assessments, training, examinations, and strategic business initiatives.

Requirements

Undergraduate degree
5-8 years of relevant experience in Compliance, Legal, Risk Management, Internal Audit, Regulatory Affairs, Financial Services, or a related field
Proficiency with Microsoft Office applications
Excellent time management, analytical, organizational, and communication skills
Integrity, motivation, intellectual curiosity, and enthusiasm
Strong familiarity with financial industry products and markets, as well as corresponding rules and regulations
Quickly grasp complex concepts, including global business and regulatory matters
Exercise strong judgement and decision-making in a collaborative consensus-driven environment
Be interested in and willing to develop expertise in legal, regulatory and compliance issues in the financial industry
Have strong project management skills and ability to see a task to completion
Possess excellent interpersonal skills - team player, able to forge relationships, build consensus, and influence decisions
Work well under pressure and have a positive, hands-on, “can do” attitude
Be able to devise and implement creative and innovative solutions
Possess strong analytical and risk assessment skills as well as concise verbal and written communication skills
Be a self-starter, with the ability to work effectively with minimal supervision
Multi-task and adapt to new situations and a dynamic work environment

Nice To Haves

Graduate degree in law, business, or another relevant program
At least three years of relevant post-undergraduate work experience (e.g., supporting broker-dealer, investment adviser, wealth management, private banking, or fiduciary businesses), or, if holding a Masters, PhD, MBA, JD or equivalent, one to two years of relevant experience

Responsibilities

Supporting and organizing Compliance’s involvement in various projects and processes.
Serving as the key Compliance contact for certain working groups and business lines.
Developing subject matter expertise in regulations applicable to the business.
Working in collaboration with the broader compliance team to deliver high quality work products.
Serving as a key compliance advisor on regulatory, supervisory, and business-driven projects.
Driving the ongoing enhancement of compliance risk management practices across the division.
Interacting with the global PWM business and compliance teams on a daily basis.
Having knowledge and understanding of different rules and regulations and how they impact the PWM business.
Tracking, reviewing, and analyzing regulatory updates and assisting with implementing necessary changes across the business.
Preparing supervisory meeting materials detailing key metrics and regulatory issues.
Assisting with firm risk assessment processes for PWM business lines.
Reviewing marketing materials that are used to pitch PWM products and services to clients.
Responding to different regulatory examinations and inquiries pertaining to PWM.
Developing and implementing policies, procedures and best practices for PWM.