Compliance, Consumer Banking - Marketing, Associate
Goldman Sachs
Consumer Banker Job in Wilmington, DE
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.
OVERVIEW
As a Marketing Compliance Associate, you will engage directly with the Consumer and Wealth Management business by providing day-to-day marketing compliance oversight, making recommendations and approving customer facing marketing materials in accordance with applicable regulations and Bank rules, policies, procedures and controls established to mitigate compliance risks. This will include advising and assisting with the implementation of Compliance program controls, assisting with the enhancement of procedures and policies, and providing guidance to the business on applicable rules and regulations relating to marketing of consumer financial products.
Responsibilities:
* Provides marketing compliance advisory services. This includes working closely with the CWM businesses to set compliance requirements and provide regulatory guidance on marketing material development, and making recommendations and approving marketing materials.
* Assists the business with training on marketing related compliance requirements.
* Assists the business with responding to regulatory requests and exam deliverables.
* Assists the business in carrying out the Consumer Compliance Program to ensure that Marketing compliance risks are appropriately identified, monitored, and controlled.
* Stays up-to-date on consumer compliance laws and regulations, including Unfair, Deceptive or Abuse Acts or Practices (UDAAP), Truth in Lending Act (Regulation Z), Equal Credit Opportunity Act (Reg B), CAN-SPAM.
* Engages with other internal departments, including: Legal, Executive Office, Operations, Technology, Vendor Management, Business Risk, and Core Compliance.
* Assists with other duties as assigned.
Basic Qualifications:
Five plus years of legal, compliance or related experience in financial services industry or bank regulatory agency with knowledge of consumer banking regulations, digital banking services and the expectations of regulators for an effective compliance program.
* Bachelor's degree or equivalent military experience.
* Strong understanding of retail bank products and compliance risk management processes.
* Must be a team player. Strong interpersonal and communication skills - both written and verbal.
* Must be self-directed, organized, positive, driven, detail oriented, able to manage others, and effective in a fast-paced changing environment.
* Strong organizational and advisory skills.
Preferred Qualifications:
* Experience in marketing of consumer banking retail products.
* Knowledge of applicable federal and state consumer lending laws and regulations, including, among others, Unfair, Deceptive or Abuse Acts or Practices (UDAAP), Truth in Lending Act (Regulation Z), Equal Credit Opportunity Act (Reg B), CAN-SPAM.
* Familiarity with trademark, opt out, and digital marketing.
* CRCM or Law Degree a plus.
ABOUT GOLDMAN SACHS
At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.
We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
$64k-142k yearly est.
7d ago