The Goldman Sachs Group, Inc

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

The Goldman Sachs Group, Inc • $160K — $190K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree required; graduate degree preferred (e.g., law, business)
  • 5-8 years of relevant experience in Compliance, Legal, or Financial Services
  • Excellent time management, analytical, organizational, and communication skills
  • Knowledge of financial industry products and regulations
  • Proficiency in Microsoft Office applications

Responsibilities

  • Support and organize compliance involvement in various projects and processes
  • Act as key compliance contact for specific working groups and business lines
  • Collaborate with compliance team to deliver high-quality work products
  • Interact daily with global PWM business and compliance teams
  • Track and analyze regulatory updates for necessary implementation

Benefits

  • Exposure to a broad range of business activities in compliance disciplines
  • Partnership with business leaders, Legal, Risk, and other functions
  • Opportunity to help drive enhancements in compliance risk management
  • Develop subject matter expertise in evolving regulations
  • Engagement in an independent control function within the firm
Full Job Description
Job Description

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

Private Wealth Management ("PWM") Compliance is responsible for supervising the business to ensure compliance with regulations and firm policies as well as assist with the implementation of new regulations and new systems / processes. The team covers many of the businesses within PWM that are constantly growing and changing. We are looking for a team member who wants to be part of growing the business in new dimensions - someone who is equal part visionary and executor. At times, the role will require you to navigate and solve problems with multiple teams and stakeholders. We look to those who possess sound judgement, curiosity, and can adapt to a changing regulatory landscape.

As a contributor within PWM Compliance, a successful candidate will be responsible for supporting and organizing Compliance's involvement in various projects and processes as well as being the key Compliance contact for certain working groups and business lines while developing subject matter expertise in regulations applicable to the business. Additionally, the role will involve working in collaboration with the broader compliance team to deliver high quality work products, reflecting attention to detail and analytical prowess.

PWM Compliance is seeking a Vice President based in New York to join our team. This role will support a diverse range of PWM Compliance coverage areas and strategic initiatives, partnering closely with business leaders, Legal, Risk, and other control functions. The successful candidate will serve as a key compliance advisor on regulatory, supervisory, and business-driven projects while helping drive the ongoing enhancement of compliance risk management practices across the division.

The role offers exposure to a broad range of business activities and compliance disciplines, including regulatory change management, governance, marketing review, risk assessments, training, examinations, and strategic business initiatives. In addition to the above, responsibilities may include:
  • 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
  • Reviewing marketing materials that are used to pitch PWM products and services to clients
  • Having knowledge and understanding of different rules and regulations and how they impact the PWM business
  • 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


Preferred Qualifications
  • 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


Basic Qualifications, Skills and Characteristics:An ideal candidate should:
  • 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

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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