Risk, Regulatory Engagement, Analyst/Associate, Frankfurt

RISK

Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

REGULATORY ENGAGEMENT TEAM

We are a function within Risk (second line of defence) responsible for managing the regulatory compliance and legal entity governance across risk disciplines (i.e. market risk, credit risk, finance risk, operational risk, model risk), among leading other important initiatives. The Regulatory Engagement function manages and oversees regulatory interactions and obligations, key legal entity governance processes e.g., around risk identification, risk strategy and risk appetite, and leads related communication with internal and external parties, including our regulators and senior management.

In performing its role, we work closely with all areas within Risk, as well as with various groups across the firm including Controllers, Global Banking & Markets, Internal Audit and Technology. Specific to this role, the team partners with the firm’s Credit Risk, Market Risk, Finance Risk, Operational Risk, and Model Risk Management departments, to ensure appropriate oversight of related regulatory requirements as well as the division’s frameworks and internal governance from a legal entity perspective.

RESPONSIBILITIES

• Present to and interact with regulators as part of the ongoing supervision process, regulatory examinations and other deliverables
• Lead execution of regulatory deliverables, exams and overall engagement, with a focus on credit risk and market risk
• Manage regulatory interpretation and interact with Finance Division’s Regulatory Controllers and other stakeholders to ensure the appropriateness of capital interpretations, methodologies and processes
• Conduct regulatory self-assessments and the remediation of associated gaps, including reviewing, interpreting, and providing guidance on the impact of pending requirements. Participate in regulatory working groups
• Manage implementation of initiatives related to new rules, regulatory exam feedbacks or internal framework enhancements, liaising across relevant business, technology, and control functions to prioritize risks, challenge approaches, and drive appropriate risk response
• Monitor internal and external business activities and regulatory environment to identify new or emerging risks
• Manage and enhance the design of the Risk Appetite Statement framework incorporating assessments on business strategy, capital planning, capacity allocation and limit calibration
• Coordinate regional Risk Committee and Board Risk Committee materials, working closely with the heads of Risk functions, as well as stakeholders in Executive Office, Legal and Controllers
• Provide thought leadership to develop and institutionalize governance processes and enhance controls, driving a culture of risk management and mitigation
• Work closely with regional Chief Risk Officers and other senior stakeholders in the Risk Division

SKILLS & EXPERIENCE

As a member of the Risk Division’s Regulatory Engagement team, you will play a key role in the oversight and implementation of relevant risk management regulation and processes across risk functions, as well as regional and legal entity governance in the EMEA region. You will be responsible for leading projects and participating in activities related to important regulatory initiatives, as well as the management of evolving or emerging risks and the governance of the division’s frameworks and processes for Goldman Sachs entities in the region.

• Bachelor’s or Masters degree
• Familiarity with investment banking products including loan products and derivatives
• Ability to comfortably and effectively interact with internal risk experts, and various stakeholders outside of Regulatory Engagement and the wider Risk teams
• Strong documentation, analytical, presentational and communication skills
• Strong organizational skills and ability to manage multiple assignments concurrently
• Proficient in Excel, PowerPoint and Word
  

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We’re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers .

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https:// www.goldmansachs.com/careers/footer/disability-statement.html

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