Asset & Wealth Management – Change Management – Regulatory & Risk Solutions – Associate – London in City of London

The Asset & Wealth Management Strategic Transformation Office oversees large-scale transformations with objectives to enhance scalability, drive revenue growth, improve client experience, and elevate controls across the operating platform. The group comprises four functions: Product Management & Design, Change Management, Regulatory Management, and Monitoring & Testing.

The AWM Regulatory Management team manages the regulatory strategy and roadmap for the AWM business globally. As the key business partner for regulatory matters, the team is responsible for:

• Regulatory Solutions: assessing the impact of regulations on business activities.
• Regulatory Controls: ensuring a robust control framework is in place to evidence compliance.

Regulatory Solutions represent the views of the business on regulatory change governance forums and act as co-sponsors of new regulations. The team performs detailed assessments on new regulations, identifies the impact on existing AWM capabilities, and supports the design of appropriate solutions to deliver regulatory requirements. The team also supports the launch of new products, funds or trading activity by advising on current live and new upcoming regulatory considerations.

Responsibilities

• Build a deep understanding of the Asset and Wealth Management business by analyzing the applicability and impact of regulatory policies and rules to each business area (new regulations and new business activities).
• Simplify complex problems (regulatory challenges) by collaborating with the team, key stakeholders, and regulatory experts within the firm.
• Exert influence to drive business engagement and lead strategic cross-divisional discussions on regulatory change matters.
• Deploy appropriate methodologies and governance tools to drive timely delivery of analysis and the agreed solution approach (operational and technology driven).
• Build strong senior stakeholder relationships required when performing complex analysis across multiple businesses.

Qualifications

• Bachelor’s degree and 2+ years of experience in management consulting or related field in financial services, with active involvement in new regulation assessments and implementations.
• Understanding of asset management products (closed/open funds, traditional and alternative products), and the wider asset management operating model and ecosystems.
• Experience working as part of a business or regulatory function owning the regulatory strategy, roadmap, analysis and interpretation of new regulations for the business.
• Strategic mindset with strong analytical, problem solving and critical thinking skills to provide creative and innovative solutions.
• Project Management experience including definition of business case and scope, articulation of issues, challenges, risks, dependencies and solutions.
• Strong communication and relationship-building skills.
• Proven track record of supporting the design and execution of solutions for complex problems.
• Experience in Reg product and platform management is preferable.
• Ability to multi-task and advance multiple projects simultaneously.
• Proficiency in MS Office, PowerPoint, and Excel, with the ability to learn new tools quickly.

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.

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