At a Glance
- Tasks: Lead independent reviews of capital regulations and assess their impact on the firm.
- Company: Goldman Sachs, a leading global investment banking and securities firm.
- Benefits: Competitive salary, extensive health benefits, generous vacation, and financial wellness support.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Join a dynamic team to shape capital management strategies and make a real impact.
- Qualifications: 10+ years in risk management with strong analytical and communication skills.
The predicted salary is between 100000 - 150000 £ per year.
Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.
Capital Risk, which is part of the firm’s second line of defense and reports to our chief risk officer (CRO), assesses the firm’s capital management framework, regulatory capital policies and related interpretations and escalates certain interpretations to senior management and/or the appropriate risk committee. This oversight includes, among other things, independent review and challenge of our capital ratio targets, planned capital actions and regulatory capital calculations; analysis of the related documentation; independent testing; and an assessment of the appropriateness of the calculations and their alignment with the relevant regulatory capital rules. We are seeking an experienced professional to lead the firm’s independent review of Prudential Regulation Authority’s (PRA) Internal Ratings Based (IRB) approaches.
Responsibilities
- Understanding capital regulations (e.g., PRA Basel 3.1, Capital Requirements Regulation) and determining appropriate capital interpretations
- Independent compliance assessment of the Senior Management Function (SMF) annual attestation in relation to the rule interpretation and implementation
- Review and challenge of the notification framework and regulatory notification type within IRB framework
- Monitoring, summarizing and challenging the impact of and risk appetite associated with the implementation of the regulatory capital rules
- 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
- Communicating thoughtful analysis on sophisticated regulatory capital matters to senior managers, businesses, and regulators
Skills and Experience Required
- Minimum of 10 years of experience at the PRA, European regulator, or a bank with IRB approach permission (preferably 2nd line)
- 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
Risk, Capital Risk, Vice President, London London · United Kingdom · Vice President employer: Goldman Sachs Bank AG
Goldman Sachs is an exceptional employer, particularly for those in the Risk and Capital Risk sectors, offering a dynamic work environment in London that fosters professional growth and collaboration. With a strong commitment to diversity and inclusion, employees benefit from comprehensive health and wellness programs, generous vacation policies, and robust financial support for education and retirement planning. The firm's culture encourages innovation and teamwork, making it an ideal place for experienced professionals looking to make a meaningful impact in the financial industry.
StudySmarter Expert Advice🤫
We think this is how you could land Risk, Capital Risk, Vice President, London London · United Kingdom · Vice President
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Goldman Sachs Bank AG looking for candidates who are engaged and informed.
We think you need these skills to ace Risk, Capital Risk, Vice President, London London · United Kingdom · Vice President
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Goldman Sachs Bank AG. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Goldman Sachs Bank AG’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
