Compliance, Data Privacy Officer, Vice President, Frankfurt

Description

OUR IMPACT

Our division prevents detects and mitigates compliance regulatory and reputational risk across the firm and helps to strengthen the firms culture of compliance. Compliance accomplishes these through the firms enterprise-wide compliance risk management program. As an independent control function and part of the firms second line of defense Compliance assesses the firms 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 firms responses to regulatory examinations audits and inquiries. Youll 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.

YOUR IMPACT

We are seeking a qualified and experienced Data Protection Officer (DPO) to join Goldman Sachs Global Privacy Office (GPO) in this role you will serve as the appointed DPO for our German and EU-based entities (including Goldman Sachs Bank Europe SE and its branches). Beyond local privacy compliance you will act as a key advisor on cross-border privacy challenges international data transfers and the evolving global regulatory landscape. You will partner closely with business leaders engineers and control functions to navigate complex privacy risks technological innovations and regulatory changes in a highly regulated financial services environment.

Key Responsibilities

• Formal DPO Appointment:Act as the designated Data Protection Officer for Goldman Sachs Bank Europe SE and other EU-based affiliates and branches.
• Regulatory Liaison:Serve as the primary official point of contact for the German Federal and State Data Protection Authorities (e.g. the Hessian Commissioner for Data Protection and Freedom of Information -HBDI) and other EU supervisory authorities as required.
• Business & Engineering Advisory:Provide expert risk-based privacy guidance to business units engineers operations and compliance teams to enable the compliant development of financial products digital marketing initiatives and technology platforms.
• Data Protection Impact Assessments (DPIAs):Advise on facilitate and monitor DPIAs for high-risk processing operations particularly regarding complex financial technologies profiling and AI-driven systems.
• Financial Sector Compliance Integration:Align privacy risk management with financial regulatory frameworks including BaFin requirements (MaRisk BAIT) and anti-financial crime standards (AML/KYC) balancing data minimization with statutory retention duties.
• Cross-Border Data Transfers:Advise on complex international data flows utilizing Standard Contractual Clauses (SCCs) Binding Corporate Rules (BCRs) and transfer impact assessments (TIAs) to safeguard global operations.
• Privacy Governance:Support the development implementation and maintenance of the GPOs privacy program governance frameworks in collaboration with Legal Compliance Technology and Risk.
• Policy Development:Shape and update internal privacy policies procedures and guidelines to reflect emerging regulatory expectations German case law and business realities.
• Privacy Culture:Promote a culture of privacy accountability across the first line of defense through targeted training education and strategic influence.

Basic Qualifications

• Bachelors Degree or international equivalent; Law Degree helpful
• At least 7 years of work experience with at least 5 of those working in the Privacy or Data Protection domain ideally within a highly regulated sector (e.g. investment banking financial services or fintech)
• Deep authoritative knowledge of the GDPR and the German Federal Data Protection Act (BDSG). Strong familiarity with the Telecommunications Digital Services Data Protection Act (TDDDG) and the EU AI Act is highly desirable.
• Proven track record of serving as an appointed DPO or Deputy DPO with direct experience managing relationships with German supervisory authorities.
• CIPP/E TÜV / DEKRA Betriebliche/r Datenschutzbeauftragte/r (IHK) useful
• Experience in digital marketing and financial services is a plus
• Professional fluency in both German and English (written and spoken) is mandatoryto effectively liaise with local regulators and global stakeholders

Required Skills

• Highly motivated with the ability to work autonomously as well as in a team and collaboration-oriented environment
• Highly organized attention to detail and excellent follow-through skills
• Strong analytical and problem-solving skills; risk-based prioritization
• Excellent verbal and written communication skills to effectively articulate complex regulatory requirements to a broad range of stakeholders and dependent teams at all levels of the firm
• Able to coordinate activities with multiple interdependencies and to escalate items that are unresolved or at risk
• Comfortable working with incomplete information to ask focused questions and rapidly gain an in-depth understanding of the current processes and compare and relate to similar situations
• Detailed problem tracking resolutions and completion of all actions and issues by their deadlines

ABOUT GOLDMAN SACHSAt 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. Were 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 committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The Goldman Sachs Group Inc. 2023. All rights reserved.Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race color religion sex national origin age veterans status disability or any other characteristic protected by applicable law.

Required Experience:

Exec

Employment Type : Full Time
Experience: years
Vacancy: 1