Funding & Capital Planning

Controllers, Regulatory Policy, Vice President, New York location_on New York, NY, United States

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

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

Salary Range

The expected base salary for this New York, New York, United States-based position is $ -$ . 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 .

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.