Risk, Regulatory Engagement, Analyst, Frankfurt Frankfurt · Germany · Analyst

Regulatory Engagement – Analyst, Frankfurt

YOUR IMPACT

As a member of the Risk Division’s Regulatory Engagement teamin 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 trendsthat 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

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:

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

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