The Goldman Sachs Group, Inc

Controllers, Regulatory Policy, Vice President, New York

The Goldman Sachs Group, Inc • $100K — $250K *
New York, NY 10025In-Person
Finance & Insurance
5 - 7 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • 5-10 years of regulatory experience required
  • Preferred experience with policy roles at regulatory authorities (e.g., Federal Reserve)
  • Experience drafting responses to regulatory proposals in financial services
  • Proficiency in interpreting regulatory guidance and drafting implementation policies
  • Expertise in evaluating capital implications of new activities or transactions
  • Strong research and analytical abilities regarding technical regulatory documents
  • Familiarity with AI tools for regulatory analysis

Responsibilities

  • Monitor and summarize US and international regulatory capital rules
  • Communicate regulatory impacts to senior management and relevant departments
  • Assess capital regulation effects on transactions and new business proposals
  • Provide regulatory expertise to business and risk departments
  • Participate in implementing regulatory capital rule changes
  • Engage with industry organizations on regulatory advocacy
  • Consolidate and analyze firm regulatory disclosures
  • Prepare materials for capital and stress testing for the Board of Directors

Benefits

  • Comprehensive health and wellness offerings
  • Strong employee support programs
  • Flexible work arrangements
  • Opportunities for professional development
  • Employee discounts and benefits programs
Full Job Description
Job Description

The Regulatory Policy team is responsible for regulatory advocacy and advises senior management on how regulatory developments may affect the firm's capital position. The team evaluates the impact of existing and potential regulation on specific business activities through a sophisticated attributed equity framework, and advises desk heads on the regulatory capital implications of transaction structuring. The team's additional functions include regulatory capital rule interpretation, transaction advisory, board material preparation, capital planning, competitor analysis and disclosures.

Job Summary:

The candidate will monitor, analyze, interpret and communicate the impact of domestic and international regulatory capital developments, with particular focus on how regulatory capital applies across individual transactions, new products, broader business initiatives and the firm as a whole. The role involves partnering with multiple desks as well as Investor Relations, Government Affairs, Corporate Treasury, Risk, Legal, Product Control and Technology, and coordinating within the Regulatory Policy team to explain the capital impact of firm activity. A strong command of the definition of capital (e.g., qualifying capital and Total Loss Absorbing Capacity instruments, deductions and adjustments) and of capital planning (e.g., rules governing capital distributions and Eligible Retained Income) is essential. The candidate should be comfortable working across both bank holding company- and depository-level rules. Additional responsibilities include preparing board materials and public disclosures and ongoing monitoring of industry data.

Responsibilities:
  • Monitoring and summarizing proposed and finalized US and international regulatory capital rules and legislation, and developing clear written analysis of their implications for the firm
  • Communicating the impact of these developments to senior managers, businesses, risk departments and other affected areas
  • Assessing the impact of US and international capital regulation on individual transactions, new products and business proposals, and drafting responses to business areas on capital impacts
  • Providing expertise and advice to businesses and to the Risk, Treasury and Controllers organizations on regulatory rules and changes, including internal capital, attribution of capital to businesses and competitor analysis
  • Participating in project work related to regulatory capital rule changes and supporting their implementation
  • Working with trade organizations to develop industry-level advocacy and assessing the industry impact of proposed regulatory capital rule changes
  • Contributing to the consolidation and analysis of the firm's regulatory disclosures, including interpreting new disclosure requirements
  • Engaging in the supervisory process, including responding to regulator inquiries, annual assessments (at both the holding company and depository level) and continuous monitoring
  • Preparing capital and stress testing materials for the firm's Board of Directors

Basic Qualifications:
  • 5-10 years of related experience required
  • Prior experience in a policy function at the Federal Reserve or a 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 those interpretations
  • Prior experience evaluating the capital implications of proposed new activities or transactions
  • Subject matter expertise in the definition of capital and in regulatory and supervisory requirements for capital planning
  • Ability to research and analyze technical regulatory papers and identify relevant issues, ideally including the use of artificial intelligence tools to support this work
  • Strong attention to detail, intellectual curiosity and organizational skills, with the ability to manage an evolving inflow of projects and priorities
  • Effective communicator, both orally and in writing
  • Team player able to sustain mutual support within a high-profile team
  • Strong Microsoft Office skills, including PowerPoint, Word and Excel
  • Governance and 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 available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.

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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