Regulatory Engagement – Analyst, Frankfurt
YOUR IMPACT
As a member of the Risk Division’s Regulatory Engagement team in Frankfurt, 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.
OUR IMPACT
The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, operational and model risk. 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.
We are a function within the Risk Division (second line of defence) responsible for managing the Division’s 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 initiative for the Division. 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 the Risk Division, 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.
HOW YOU WILL FULFILL YOUR POTENTIAL
- Lead execution of regulatory deliverables, exams and overall engagement, with a focus on credit risk, market risk and operational risk
- Present to and interact with regulators as part of the ongoing supervision process, regulatory examinations and other deliverables
- 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 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 WE’RE LOOKING FOR
BASIC QUALIFICATIONS
- Bachelor's or Masters degree
- Up to 3 years of relevant experience
- 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 Risk Division
- Strong documentation, analytical, presentational and communication skills
- Strong organizational skills and ability to manage multiple assignments concurrently
- Proficient in Excel, PowerPoint and Word
PREFERRED QUALIFICATIONS
- Functional Expertise - Keeps up-to-date with emerging regulation as well as business, economic, and market trends that may have implications for risk management
- Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills
- Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
- Client and Business Focus - Effectively handles challenging requests, builds long-term relationships with internal and external stakeholders, helps to identify/define needs and manages expectations
- Teamwork – Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
- Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate.
- Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
- Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
