• Finance, Controllers, Regulatory Policy, Analyst/Senior Analyst, New York

    Location(s) US-NY-New York
    Job ID
    2019-56462
    Schedule Type
    Full Time
    Level
    Analyst
    Function(s)
    Accounting
    Region
    Americas
    Division
    Controllers
    Business Unit
    Regulatory Policy
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    FINANCE

    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 in the Finance division 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, preparation of board materials, capital planning, competitor analysis and disclosure.

     

    The candidate will be responsible for monitoring, analyzing, interpreting and communicating the impact of domestic and international regulatory developments, particularly with respect to regulatory capital across individual transactions, new products, broader business initiatives and the firm. This will involve working with a number of desks, Investor Relations, Government Affairs, Corporate Treasury, Risk, Legal, Product Control, Technology, etc. and coordinating among the Regulatory Policy team to explain the capital impact of firm activity.  Other responsibilities will be related to the preparation of board materials and public disclosures as well as ongoing monitoring of industry data.

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities:

    • 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
    • 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 and competitor analysis
    • Participating in project work related to changes in regulatory rules and helping support the 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
    • Preparing materials related to capital and stress testing for the firm’s Board of Directors 

    Basic Qualifications:

    • 0-3 years of experience
    • Strong attention to detail, intellectual curiosity and commitment to excellence
    • Strong organizational skills - ability to manage a constantly evolving inflow of projects and priorities
    • Effective communicator - both orally and in writing
    • Team player - ability to maintain mutual support within a high profile team
    • Self-motivated, proactive and willing to take on additional responsibilities, ability to run with issues, and get involved as necessary
    • Strong Microsoft Office skills, including Power Point, Word and Excel
    • 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
    • Work experience involving capital adequacy concepts (capital, leverage, liquidity, accounting, etc.), financial services or policy is a plus

    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., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.