Goldman Sachs Bank AG
Controllers, Regulatory Policy, Vice President, New York New York · · Vice Presi
Goldman Sachs Bank AG, New York, New York, us, 10261
Controllers, Regulatory Policy, Vice President, New York location_on New York, New York, United States
Regulatory Policy
The Regulatory Policy team is responsible for regulatory advocacy, and advises senior management on how regulatory developments may impact the firm. The team also evaluates the impact of existing and potential regulation on specific business activity, and advises desk heads on the regulatory implications of transaction structuring. 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.
Job Summary 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 as a whole. This involves 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 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 consolidation and analysis of the firm’s regulatory disclosures, including interpreting new disclosure requirements Engaging in areas of the supervisory process, including responding to regulator inquiries, annual assessments and continuous monitoring Preparing materials related to capital and stress testing for the firm’s Board of Directors Basic Qualifications 6+ years of experience Prior experience in a policy function at the Federal Reserve or similar regulatory authority preferred Prior experience drafting advocacy in response to proposed regulatory rulemakings, preferably within financial services Prior experience interpreting regulatory and supervisory guidance and drafting policies to implement interpretations Prior experience evaluating the capital implications of proposed new activities or transactions Ability to conduct research, analyze technical regulatory papers and identify relevant issues Strong attention to detail, intellectual curiosity and 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 Strong Microsoft Office skills, including Power Point, Word and Excel Control-oriented Salary Range The expected base salary for this New York, New York, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Job Summary 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 as a whole. This involves 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 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 consolidation and analysis of the firm’s regulatory disclosures, including interpreting new disclosure requirements Engaging in areas of the supervisory process, including responding to regulator inquiries, annual assessments and continuous monitoring Preparing materials related to capital and stress testing for the firm’s Board of Directors Basic Qualifications 6+ years of experience Prior experience in a policy function at the Federal Reserve or similar regulatory authority preferred Prior experience drafting advocacy in response to proposed regulatory rulemakings, preferably within financial services Prior experience interpreting regulatory and supervisory guidance and drafting policies to implement interpretations Prior experience evaluating the capital implications of proposed new activities or transactions Ability to conduct research, analyze technical regulatory papers and identify relevant issues Strong attention to detail, intellectual curiosity and 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 Strong Microsoft Office skills, including Power Point, Word and Excel Control-oriented Salary Range The expected base salary for this New York, New York, United States-based position is $100000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally availableto active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here . Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance. We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year. Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities. Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices. Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount). Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available. Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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