The Opportunity

Job Description CAPITAL RISK The Capital Risk team within the Risk Division provides an independent view into the capital decisions across the firm. The team advises on regulatory capital interpretations and firmwide capital management decisions. Coverage also includes monitoring, analyzing, interpreting, and challenging the firm’s regulatory capital requirements and capital management processes. This involves working very closely with stakeholders across the firm, including trading desks, Controllers, Legal, Corporate Treasury and Technology, and will require a strong control mindset. Other responsibilities include oversight of the firm’s capital strategy and the firm’s proximity to capital requirements.

Responsibilities

Provide independent oversight of the capital management framework, ensuring that capital adequacy assessments and distribution strategies are consistent with the firm’s risk appetite and the stress capital buffer requirements.
Understanding capital regulations and determining appropriate capital interpretations
Monitoring, summarizing, and challenging the impact of and risk appetite associated with the implementation of the regulatory capital rules
Communicating thoughtful analysis on sophisticated regulatory capital matters to senior managers, businesses, risk departments, and other impacted areas
Assessing the impact of capital regulation on individual transactions, new products, and business proposals
Validation of regulatory capital requirement approaches and calculations
Understanding and challenging the firm’s overall capital management strategy

Skills And Experience Required

Minimum of 5 years of relevant capital management experience
Knowledge of the end-to-end execution of the annual CCAR cycle
Perform independent review and challenge of stress testing results
Experience in project management and project governance
Experience in the interpretation of regulatory rules (e.g. 12 CFR 217, CRR, draft PRA rulebook)
Strong attention to detail, intellectual curiosity, and commitment to excellence
Strong 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.
Self-motivated, proactive, and willing to take on additional responsibilities, ability to run with issues, and get involved, as necessary.
Ability to conduct research, analyze technical regulatory papers and identify relevant issues
Understanding of banking organizations, financial products; ability to analyze new trades and businesses with particular focus on regulatory capital implications

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.

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.