Finance, Controllers, Regulatory Policy, Associate/VP, New York
We're a team of specialists charged with managing the firm's liquidity, capital and risk, and providing the overall financial control and reporting functions. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.
The Regulatory Policy team is a high profile team that provides advice regarding regulatory developments to a range of businesses and transactions across the firm, as well as to senior management and other internal departments. The team's primary functions include advocacy with external stakeholders and regulators, rule interpretation, transaction advisory, capital planning, competitor analysis and disclosure .
An opportunity to join the Regulatory Policy team has arisen, given the increased internal focus on regulatory capital resulting from ongoing development of regulatory initiatives from international bodies (particularly the Basel Committee on Banking Supervision), and from legislative and regulatory changes within the United States. The candidate will be responsible for monitoring, analyzing, estimating and communicating the impact of these regulatory developments, particularly with respect to regulatory capital on individual transactions, new products, broader business initiatives and the firm. This will involve working with a number of desks and coordinating among the Regulatory Policy team to explain the capital impact of the desks' proposed transaction or initiative. In addition, the role will involve more generally monitoring, analyzing, estimating and communicating the impact of regulatory developments, particularly with respect to regulatory capital but also broader developments with respect to finance and risk management. Other responsibilities will be related to public disclosures as well as ongoing monitoring of industry data. The role is technical and communication-oriented, quantitative and qualitative.
RESPONSIBILITIES AND QUALIFICATIONS
- Monitoring, summarizing and generating thought leadership related to the impact of proposals for new international and US-specific regulatory capital rules and legislation.
- Communicating the impact of these developments to senior managers, businesses, risk departments and other impacted areas.
- Assessing the impact of US-specific and international capital regulation on individual transactions, new products and business proposals, as well as drafting responses to business areas on capital impacts.
- Interacting with other areas of the firm including Corporate Treasury, Market, Credit and Operational Risk, Investor Relations, Government Affairs, Legal, Product Control, Technology, and other areas of Regulatory Reporting.
- Providing expertise and advice to businesses and other areas of the Federation on regulatory rules and changes, including on areas such as internal capital, attribution of capital to businesses, competitor analysis.
- Participating in project work related to changes in regulatory rules, and helping support implementation of rule changes.
- Assessing industry impact of proposed changes to regulatory capital rules.
- Contributing to the team's consolidation and analysis of the firm's Pillar 3 public disclosures, including interpreting new disclosure requirements.
- Minimum of 4-6 years experience
- Work experience involving capital adequacy concepts (capital, leverage, liquidity, accounting, etc.) and domestic or international regulatory developments
- Effective communicator - both orally and in writing, to a broad range of people across the firm at various levels of seniority, and in industry groups
- Team player - ability to maintain mutual support within a high profile team
- Strong organizational skills - ability to manage a constantly evolving inflow of projects and priorities
- Self-motivated, proactive and willing to take on additional responsibilities, ability to run with issues, and get involved as necessary
- Detail- and control-oriented
- Ability to conduct research, analyze technical regulatory papers, and identify relevant issues
- Understanding of banking organizations, financial products; ability to analyze new trades and businesses with particular focus on regulatory capital implications
- Strong Microsoft Office skills, including Power Point, Word and Excel
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.
© The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
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