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

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

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

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