The Controllers team in Frankfurt is responsible for ensuring that the financial and regulatory requirements of our German entities are met, in accordance with statutory and firm requirements. Controllers are also responsible for the identification, measurement and mitigation of firmwide financial reporting risks in support of regulatory mandates and corporate governance. We also manage operational, technology, and other risks in the Controllers division.
The RRP core team is a small centralized team that is responsible for setting the strategy for, planning, and coordinating the firm's global and local RRP deliverables. The team also has responsibility for running the assurance framework across our RRP capabilities, and is the first point of call for regulatory enquiries relating to RRP globally.
YOUR IMPACT
As well as being involved in the firm's European RRP deliverables, the role holder will be a full member of the RRP core team and will have the opportunity to participate in the firm's broader recovery and resolution planning efforts.
This role provides an exciting opportunity to participate in an important area of regulatory focus and be involved in developing the firm's thinking and approach to recovery planning and resolvability as its business model continues to evolve.
Responsibilities include:
- Ensuring that the firm RRP deliverables comply with all European requirements and are consistent with the firm's global plans
- Acting as a key contact for the firm's European RRP deliverables
- Authoring sections of the firm's recovery and resolution plans and other regulatory deliverables
- Conducting assurance work such as capability testing and simulation exercises
- Acting as credible contact for the European Regulators and the firm's Senior Management with respect to RRP matters
- Participating in industry forums
A public summary of the firm's resolution plan can be found on the firm's external website: https://www.goldmansachs.com/investor-relations/creditor-information/2021-global-resolution-plan.pdf
REQUIREMENTS
We are seeking an associate to own and manage the firm's European RRP deliverables. The role, which will be based in the firm's Frankfurt office, will also be involved in the firm's global RRP and requires the following attributes:
- Strong project management skills: ability to work with a federated team of subject matter experts across multiple divisions within the firm to plan and execute on the firm's RRP deliverables
- Credibility with the Regulators and Senior Management: the holder of the role will be involved in regular interactions with the SRB and ECB and the firm's Senior Management with respect to RRP matters
- Control mindset: the ability to maintain and develop a robust control, governance and assurance framework around the firm's European RRP deliverables
- Technical competence: understanding and experience of the European RRP regimes. Experience in one or more of the following areas would be beneficial: Capital, Liquidity, Financial/Regulatory Reporting, Operations, Risk Management
- Analytical skills: an eye for detail and the ability to prepare, review and challenge financial projections as well as other core sections of the recovery and resolution plans
- Writing skills: the ability to produce documentation to meet regulatory submission standards, and to critically review/challenge materials prepared by other areas