Compliance Officer, Consumer Compliance, Associate – Dublin
Global Compliance at Goldman Sachs
At Goldman Sachs, the mandate of Global Compliance is to prevent, detect and mitigate compliance, regulatory, and reputational risk across the firm and help to strengthen the firm's culture of compliance. Compliance accomplishes this mandate through the firm's enterprise-wide compliance risk management program. As an independent control function and part of the firm's second line of defence, 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. Compliance provides advice on how to conduct the firm's business in a manner that complies with the vast array of rules, regulations and regulatory expectations around the globe. Importantly, Compliance plays a key role in reviewing and effectively challenging transactions presenting compliance or reputational risks.
Business Unit and Role Overview
As part of the Consumer Compliance team, you will provide compliance support and coverage to the Deposits business. You will also participate in region-wide and global initiatives to enact the Global Compliance mandate and Business Unit priorities.
Role and Responsibilities
To fulfil this role you will need to:
Have consumer regulatory experience on a variety of issues relating to the support of a consumer-focused business, including new business initiatives, customer servicing and communications, and changes to existing product and service offerings
Support the development and oversight of a jurisdictional-specific compliance risk management program within a global financial institution, utilising existing enterprise risk management frameworks
Have a strong background / familiarity with consumer protection rules from an EU jurisdiction
Support the development, ongoing management and oversight of a full suite of compliance policies to ensure both the deposits business and its employees operate in a compliant manner
Advise on and approve consumer marketing and advertising materials relating to consumer accounts
Ensure adherence to EU regulations, including implementation of new regulations and regulatory change management
Liaise with other Compliance Officers in the Goldman Sachs Compliance Division globally as well as other stakeholders throughout the firm to ensure adherence to firmwide compliance standards
Qualifications and Skills
A strong candidate for this role will satisfy the following criteria:
At least 3-5+ years of work experience as a Compliance Officer/Professional preferably focused on EU consumer protection regulations and Irish consumer protection regulation
Strong understanding of Marketing and Advertising regulations as they apply to consumer products.
Understanding of the different regulatory requirements during the lifecycle of consumer products (e.g. product and service design through to implementation, ongoing customer support and marketing)
Familiarity with digital customer journeys in financial services
Bachelor's degree or higher
Experience in interacting with regulators, or supporting regulatory audits or inquiries
Familiarity with legal entity governance and committee management
Clear, concise communications skills; able to communicate with impact at senior levels
Able and willing to challenge; comfortable with inter-personal conflict; able to build strong professional rapport with stakeholders while maintaining independence as a compliance professional
Work independently. Exercise sound judgment, ethics and integrity
Fast learner; able to adapt to business and regulatory changes; able to challenge status quo and find new solutions
Well organised with the ability to manage both longer term projects and daily, often time-sensitive, escalations
Strong analytical, technical and problem-solving skills, with the ability to exercise sound and balanced judgement
Take ownership of tasks, progress them independently, and elevate to senior stakeholders when required
Work collaboratively and inclusively to come up with solutions to identify and mitigate compliance risks
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