Compliance, Consumer Compliance, Fair Lending, Vice President
Goldman Sachs USA
January 13, 2018
New York, New York
MORE ABOUT THIS JOB 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 Job Summary and Responsibilities
This position will play a key role in Fair Lending Compliance Program management by bringing strong econometric and programming skills to the design, development, and maintenance of statistical fair lending analysis used for disparate impact testing of business activity. This position will report directly to the Fair Lending Officer. The individual in this position will be expected to:
Design and employ statistical modeling to assist with the identification of fair lending risk through the credit lifecycle, including, but not limited to, marketing, underwriting, pricing and loss mitigation.
Develop a standardized methodology and reporting templates in connection with analytical methodology and/or data integrity.
Advise on quantitative methods and analysis and prepare and present statistical results and data sets for analysis.
Support audits, examinations and periodic reviews to assess levels of risk and regulatory compliance.
Participate in the continual review and improvement of compliance fair lending oversight programs.
Perform special projects at the request of Fair Lending Officer, compile data and prepare reports for Senior Management and other personnel, as needed.
Five to seven years of experience in extensive statistical data analytics including data manipulation and data transformation.
Demonstrated proficiency in risk modeling, credit scoring and impact analysis.
Expertise in advance SAS programming, Python, r, STATA, or comparable statistical software.
Solid working knowledge of all Fair Lending regulations and requirements, including HMDA.
Must be able to effectively communicate with all levels of the organization and its business partners, including the ability to translate technical information across divisions.
Master's degree in quantitative field (e.g., mathematics, applied statistics, applied microeconomics, etc.).
Familiarity with fair lending analysis vendor products, e.g., Fair Lending Wiz, etc., or willingness to acquire expertise.
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.