Risk, Regulatory Engagement, Analyst, Frankfurt

Regulatory Engagement Analyst Frankfurt

YOUR IMPACT

As a member of the Risk Divisions 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 divisions frameworks and processes for Goldman Sachs entities in the region.

OUR IMPACT

The Risk Division is a team of specialists charged with managing the firms credit market liquidity operational and model risk. Whether assessing the creditworthiness of the firms counterparties monitoring market risks associated with trading activities or offering analytical and regulatory compliance support our work contributes directly to the firms 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 Divisions 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 firms 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 divisions 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 Divisions 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 WERE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelors 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. Were 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 committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The Goldman Sachs Group Inc. 2023. All rights reserved.

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