Compliance, Private Wealth Management (PWM), Vice President, Los Angeles

Goldman Sachs•Los Angeles, CA

2d•Onsite

About The Position

Global Compliance's division prevents, detects, and mitigates compliance, regulatory, and reputational risk across the firm. It strengthens the firm's culture of compliance through an enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense, Compliance assesses risk, monitors compliance with laws and regulations, designs and implements controls, policies, procedures, and training, conducts independent testing, investigates risks and breaches, and leads responses to regulatory examinations. The Wealth Management Compliance team supports the growing Wealth Management Business units and is seeking an Associate or Vice President to join their team in the Los Angeles office. This role will focus on monitoring and conducting surveillances, assessing financial product and transaction suitability, interacting with business units and other departments, reviewing marketing materials, advising on regulations and policies, and participating in projects.

Requirements

Bachelor’s degree required
Three to five years of experience
Experience with legal, regulatory and compliance issues in the financial industry
Excellent interpersonal skills - team player, able to forge relationships, build consensus, and influence decisions
Ability to work well under pressure and has a positive, hands-on, “can do” attitude
Ability to devise and implement creative and innovative solutions
Strong analytical and risk assessment skills
Concise verbal and written communication skills
Quick learner and self-starter, with the ability to work effectively with minimal supervision
Ability to multi-task and adapt to new situations and a dynamic work environment
Hold Series 7, 63, 9 and 10 or be willing and able to pass exams in a reasonable period

Responsibilities

Monitoring and conducting surveillances focusing on compliance with regulatory and/or internal controls
Assessing financial product and transaction suitability relating to a range of clients, ensuring strict compliance with regulations and internal policies
Interacting with the Wealth Management business unit, Divisional Compliance, Legal and Operations teams daily
Reviewing marketing materials that are used to pitch products and services to clients
Advising Wealth Management business unit and teams on regulations, policies and client issues
Participating in US Wealth Management and Global Compliance projects and initiatives