Controllers, Regulatory Policy, New York, Analyst

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large 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 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:

• 1-3 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