Finance - Regulatory Controllers, Associate, Controllers, London

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Goldman Sachs International
  • 23 Jul 18 2018-07-23

See job description for details

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world.


The Regulatory Controllers team is part of the Controllers department within the Finance arm of Goldman Sachs. The team manages all regulatory-related matters pertaining to our UK regulated entities. This involves being the main point of contact with the UK Prudential Regulation Authority (PRA) on the Firm's prudential matters, and frequent interaction regarding risk-based and standard regulatory capital measures, topical policy development discussions and ad hoc information requests. The team plays a leading role in embedding new capital regulations and initiatives, and calculates and analyses daily regulatory capital requirements for the UK regulated entities. The department is also responsible for the coordination of the review and approval process for new products, covering all support areas of the Firm.

The Regulatory Stress Testing team is a specialist unit within Regulatory Controllers with the following responsibilities:

  • Internal Capital Adequacy Assessment Process (ICAAP) for the Firm's UK entities
  • The PRA's Solvent Wind Down (SWD) exercise for UK subsidiaries of foreign banks
  • Capital projections for the firm's Global Resolution Plan
  • Recovery Planning, both Global and for UK entities
  • Pillar 3 disclosures for UK entities
  • Keeping abreast of developments in regulatory rules and guidance impacting the above
  • Coordinating the response to regulatory examinations and enquiries
  • Ensuring regulatory permissions remain current and relevant
The team is responsible for assessing the regulatory requirements related to the above areas and coordinating the Firm's implementation in the UK, in particular liaising with the business and control functions to develop the approach and documentation.

The team also interacts directly with the PRA on a daily basis as the first point of call for most regulatory enquiries. The team is responsible for liaising with the appropriate teams internally to coordinate a timely response.

We are looking for an ambitious individual to join this team who will take front to back responsibility for Pillar 3 reporting.
Duties will include:
  • End to end responsibility for the preparation of the quarterly, semi-annual and annual Pillar 3 disclosures for the firm's UK regulated subsidiaries, including management of the data collection process, document production and coordinating the review, governance and attestation processes.
  • Working closely with various teams across the firm including Risk, Treasury and Technology to streamline the process for strategically sourcing the necessary data in an efficient and controlled manner.
  • Embedding the process around the production, review and governance of the disclosures into the firm's strategic reporting architecture.
  • Competitor analysis.
  • Staying up to date with relevant regulatory guidance including participation in industry forums.
Whilst Pillar 3 will be the primary responsibility of the holder of this role, there will also be an opportunity to get involved in the other areas that the team is engaged in.

The ideal candidate will have a minimum of 4 years' work experience in regulatory or financial reporting within a bank or other financial institution.
The candidate must be able demonstrate the ability to coordinate projects involving deliverables from across multiple teams, have a strong control mindset and a demonstrable track record of developing well controlled automated processes in the context of reporting.
ACA (or similar) qualification is preferred, but not essential as is a knowledge of the EBA's 2016 Guidelines for Pillar 3 reporting.
In addition the candidate should be able to demonstrate the following general competencies.
  • Communication skills - ability to communicate effectively, both verbally and in writing, to a broad range of stakeholders across the Firm and externally, at various levels of seniority.
  • Proactivity - takes ownership of issues and provides constant high-quality feedback. Takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks.
  • Creativity/Innovation - looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value.
  • Flexibility - is able to prioritize effectively under pressure and is willing to take on additional responsibilities.
  • Relationship building - possesses very strong interpersonal skills, effectively handles difficult requests, builds trusting long-term relationships with stakeholders, and manages client/business expectations.
  • Analytical ability - pays attention to detail, and demonstrates an ability to digest complex technical regulatory papers and extract pertinent issues.
  • Influencing outcomes - presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations.
  • Team player - is a strong team player, collaborates with others within and across teams, encourages o ther team.

ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial 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 Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.