The Goldman Sachs Group, Inc

Controllers, Regulatory Policy, New York, Analyst

The Goldman Sachs Group, Inc • $80K — $120K *
New York, NY 10025In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 1-3 years of experience in regulatory policy or related field
  • Preferred background with policy function at a regulatory authority like the Federal Reserve
  • Experience drafting advocacy responses to regulatory rulemakings in financial services
  • Proven ability to interpret regulatory guidance and draft necessary policies
  • Experience assessing capital implications of transactions or new activities
  • Strong research skills and ability to analyze technical regulatory documents
  • Excellent communication skills, both verbal and written
  • Demonstrated organization skills and attentiveness to detail

Responsibilities

  • Monitor and summarize international and US regulatory capital proposals
  • Communicate regulatory impacts to senior managers and relevant departments
  • Assess the impact of capital regulations on transactions and products
  • Provide regulatory expertise and analysis to various business units
  • Participate in project work for rule changes and their implementation
  • Analyze industry effects of potential regulatory changes
  • Consolidate and interpret regulatory disclosures for the firm
  • Engage in supervisory processes including responding to regulator queries
  • Prepare materials for capital discussions and stress testing for Board meetings

Benefits

  • Collaboration with senior management and various departments
  • Opportunities for thought leadership in regulatory policy
  • Exposure to both domestic and international regulatory landscapes
  • Engagement with a high-profile, supportive team environment
  • Developing expertise in regulatory compliance and capital management
Full Job Description
Job Description

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

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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