Risk, Capital Risk, Associate / Vice President, Dallas

About the role

The Capital Risk team within the Risk Division provides an independent view into the capital decisions across the firm. The team advises on 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.

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.
• Understand capital regulations and determine appropriate capital interpretations.
• Maintain a close eye on the impact of regulatory capital rules on the firm’s operations.
• Communicate thoughtful analysis on sophisticated regulatory capital matters to senior managers, businesses, risk departments, and other impacted areas.
• Assess the impact of capital regulation on individual transactions, new products, and business proposals.
• Validate the firm’s regulatory capital requirement approaches and calculations.
• Independently identify ambiguities or inconsistencies in regulatory requirements, and provide second-line review and challenge of interpretative positions, ensuring conclusions are well-supported, aligned to rule text, and robust under audit and regulatory scrutiny.
• Ensure consistent application of regulatory capital interpretations across the firm by driving alignment between policy and implementation, supported by clear and well-documented rationale.

Requirements

• A minimum of 5 years of relevant capital management experience.
• Knowledge of the end-to-end execution of the annual CCAR cycle.
• Experience in project management and project governance.
• Experience in the interpretation of regulatory rules (e.g. 12 CFR 217, CRR, draft PRA rulebook), including translation into business impact.
• A strong ability to articulate and defend interpretations to senior stakeholders and across control functions.
• A strong attention to detail, intellectual curiosity, and commitment to excellence.
• Strong organizational skills - ability to manage a constantly evolving inflow of projects and priorities.
• An effective communicator - both orally and in writing.
• A team player - ability to maintain mutual support within a high-profile team.
• A self-motivated, proactive, and willing to take on additional responsibilities, ability to run with issues, and get involved, as necessary.
• An ability to conduct research, analyze technical regulatory papers and identify relevant issues.
• An understanding of banking organizations, financial products; ability to analyze new trades and businesses with particular focus on regulatory capital implications.

Skills

• Knowledge of the end-to-end execution of the annual CCAR cycle.
• Experience in project management and project governance.
• Experience in the interpretation of regulatory rules (e.g. 12 CFR 217, CRR, draft PRA rulebook), including translation into business impact.
• A strong ability to articulate and defend interpretations to senior stakeholders and across control functions.
• A strong attention to detail, intellectual curiosity, and commitment to excellence.
• Strong organizational skills - ability to manage a constantly evolving inflow of projects and priorities.
• An effective communicator - both orally and in writing.
• A team player - ability to maintain mutual support within a high-profile team.
• A self-motivated, proactive, and willing to take on additional responsibilities, ability to run with issues, and get involved, as necessary.
• An ability to conduct research, analyze technical regulatory papers and identify relevant issues.
• An 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. We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: here. © The Goldman Sachs Group, Inc., 2023. All rights reserved. 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.