Controllers, Regulatory Controllers, Executive Director- London

Goldman Sachs
London, United Kingdom
05 Feb 2023
17 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

We're a team of specialists charged with managing the firm's liquidity, capital and risk, and providing the overall financial control and reporting functions. 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.
EMEA ICAAP and Regulatory Stress Testing Team

The EMEA ICAAP and Regulatory Stress Testing team sits within the Regulatory Policy team in the Regulatory Controllers department within the EMEA Finance division. The ICAAP and Regulatory Stress Testing team is responsible for ensuring that Goldman Sachs UK and European regulated entities maintain adequate capital resources to meet their commitments and to withstand the risks to which the business is subject, e.g. Market Risk, Credit Risk and Operational Risk, and other risks as assessed in our ICAAPs. The team is a specialist unit which concentrates on:
  • Coordination of the material EMEA entities Internal Capital Adequacy Assessment Process (ICAAPs)
  • Coordination of the EBA stress test and advisory support for regional EMEA entities ICAAPs
  • Analysis and advocacy on regulatory developments focusing on ICAAP and regulatory stress testing prudential regulations, whether from Basel, PRA or EU authorities
The Role

This is an exciting opportunity for a candidate to lead compliance with our prudential regulatory requirements. The core role will include oversight of the coordination of the UK entities' ICAAPs and the ICAAPs for certain regional entities and branches. The candidate will understand, challenge, and present overall results and key messages to senior governance committees. The individual will liaise closely with stakeholders across the Firm including business areas, Risk, Legal Entity Controllers and Corporate Treasury. A key part of the role will be delivering enhancements to our stress testing processes given evolving regulatory expectations.
As a member of the Regulatory Policy team the candidate will from time to time also be expected to be involved in selected responsibilities beyond the ICAAP. This will include assessing regulatory change and being involved in developing the Firm's thinking and approach to interpreting and implementing regulatory requirements.

Principal Responsibilities - ICAAP
  • Oversee the co-ordination of the UK ICAAPs covering the UK and certain regional and branch ICAAPs
  • Presenting results to governance committees
  • Assessing the impact of regulatory developments that impact the ICAAP and implementing changes to processes where required
  • Overseeing the execution of the project plan for the ICAAP and coordinating stakeholders to ensure delivery in line with the plan
  • Reviewing ICAAP documentation for submission to regulators
Additional Responsibilities - Advocacy & Interpretation
As part of the wider policy team, the candidate will from time-to-time have additional responsibilities:
  • Analyse new regulatory change from Basel, UK and EU regulators including revisions to the capital requirements regulation and related requirements
  • Communicate and seek input on regulatory developments to/from internal stakeholders
  • Provide written interpretations of EU and UK rules including new and revisions to a suite of policy documents
Experience & Qualifications
  • Experience in ICAAP is essential
  • An accountancy qualification (ACA/CA/ACCA) is desired but not essential
  • Functional Expertise: an understanding of Regulatory Reporting, in particular both EU & UK Regulatory Reporting requirements is preferred but not essential
  • Regulatory knowledge: an understanding of the regulatory capital rules would be preferred
  • Project management and organisational skills including taking ownership for key policy related change projects as well as managing a variety of stakeholders across the firm
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