Finance, Controllers, Regulatory Policy (New York) - Analyst/Associate
A unique opportunity to join the Regulatory Policy team has arisen, given the ongoing development of regulatory initiatives both from international bodies (particularly the Basel Committee on Banking Supervision) and from legislative and regulatory changes within the United States. The candidate will be involved in monitoring, analyzing, estimating and communicating the impact of these regulatory developments, particularly with respect to regulatory capital but also broader developments with respect to finance and risk management. The team provides advice regarding regulatory developments to a range of businesses across the firm, as well as to senior management and other internal departments. It is also responsible for the firm’s public disclosures related to regulatory capital (“Pillar 3”). Finally, the candidate will have the opportunity to be involved in the analysis and approval process for new products.
The Regulatory Policy team sits within the Controllers department, within the Finance division. This is an extremely high profile team, involved in a wide range of areas/issues and involves interaction with many other areas of the Firm.
The main tasks and responsibilities will include:
- Monitoring, summarizing and generating thought leadership related to the impact of proposals for new international and US-specific regulatory capital rules and legislation that intersects with regulatory capital.
- Communicating the impact of these developments to senior managers, businesses, risk departments and other impacted areas.
- Drafting policy memos articulating the Firm’s interpretation of the capital rules
- Participating in project work related to changes in regulatory rules, and helping support implementation of rule changes
- 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
- Assessing industry impact of proposed changes to regulatory capital rules
- The role requires close interaction 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
Basic QualificationsExperience/Skills (Internal):
- Experience (or demonstrated interest) in financial regulation, accounting or macro-prudential policy and/or banking organizations and financial products
- Familiarity with fundamental capital adequacy concepts (like capital, liquidity, leverage, etc.) and domestic or international regulatory developments
- Outstanding communication skills – both oral and written – are imperative; the ability to distill complex topics into useful work product across various levels of seniority and backgrounds
- Self-motivation is also imperative, as is a willingness to ask questions and assume responsibility
- Exceptional attention to detail with an eagerness to conduct research and learn
- Team player ready to collaborate constructively within a high profile team
- Strong powerpoint and excel skills are preferred
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. © The Goldman Sachs Group, Inc., 2015. All rights reserved.
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