What are the responsibilities and job description for the Compliance, Consumer Compliance, Vice President, Wilmington, DE position at Goldman Sachs?
Your Impact
We’re looking for a Vice President to join our consumer compliance team covering consumer credit cards. You will focus on supporting the business to ensure flawless execution and mitigation of consumer compliance risks within your areas of oversight. Areas of the business you will focus on including overseeing card processing platform, development of new features and capabilities, and supporting the development and execution of compliance controls and governance processes in the business.
How will you fulfill your potential
- Support compliance with U.S. consumer financial laws and regulations applicable to credit cards issued in the United States
- Identify compliance risks associated with business processes and practices in areas related to credit card pricing and platforms
- Participate on cross-functional teams to design processes and capabilities that conform to US consumer financial laws and regulations
- Partner with business to ensure testing and ongoing monitoring associated with technology change management that properly considers and mitigates compliance risks
- Support execution of the Firm’s compliance program for consumer banking operations, focusing on consumer facing processes Engage with business partners to drive development and execution of compliance program standards and governance practices across all processes and portfolios
- Support resolution of compliance issues identified in the operating environment, including customer remediation where appropriate
- Leverage technology to facilitate monitoring and reporting of compliance risk
Basic Qualifications
- 10 years of compliance, operations, or legal experience in consumer financial services
- Bachelor's degree or equivalent military experience
- Subject Matter Expertise and practical experience in managing or overseeing U.S. consumer financial laws and regulations in areas such as billing statements, payments, changes in credit terms, and/or underwriting
- Knowledge of applicable U.S. federal and state consumer lending laws and regulations as well as industry association standards, including, among others, Truth in Lending Act (Reg Z), Equal Credit Opportunity Act (Reg B), Fair Credit Reporting Act (Reg V), UDAAP
- Must be self-directed, organized, positive, driven, detail-oriented, and effective in a fast-paced, changing environment
Preferred Qualifications
- Risk management experience in Compliance, Legal, Audit or related field
- Operational knowledge of consumer banking industry and products
- Strong understanding of digital and retail focused businesses
- Strong relationship management skills with ability to deepen relationships and build partnerships across the business and key functional support areas like Internal Audit, Legal, Technology, and Risk