YOUR IMPACT A great opportunity for an experienced executive director to lead our EMEA Regulatory Policy team within the Controllers function based in Frankfurt, who wants to use their skills to provide robust regulatory policy analysis, advocacy, communication and management of regulatory change. OUR IMPACT The Regulatory Policy team sits as a specialist unit within the Controllers department within the Finance division. Regulatory Controllers are responsible for ensuring that Goldman Sachs European and UK 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 Regulatory Policy team analyses and advocates on regulatory developments focusing on EU (and UK) prudential regulations, whether from Basel, the ECB, other EU authorities or the PRA. The team also focuses on existing regulatory capital rules providing written interpretations, transaction analysis and updates and advice to stakeholders. The role will provide you with the opportunity to gain broad exposure to the activities of Goldman Sachs divisions operating in the region and to build close relationships with these businesses and other key functions such as Risk, Legal and Government Affairs.HOW YOU WILL FULFILL YOUR POTENTIAL Job Summary & Responsibilities The current vacancy is for an Executive Director candidate within the Regulatory Policy team based in Frankfurt whose role will include current and future policy analysis and advocacy focusing on Capital Resources, RWA, Large Exposures and Leverage Ratio policy issues in the EU. The individual will be responsible for assessing the regulatory requirements related to these areas, liaising with the Regulatory Controllers team, business areas, Risk, Legal, Finance and Government Affairs functions to manage the full life-cycle of regulatory change from initial ideology stages through rule legislation and ultimately to implementation into our policies, in-house systems and transaction review. It will also involve working with the US teams involved in similar policy roles at the GS Group level. Key responsibilities include: AdvocacyAnalyse new regulatory change from EU regulators including revisions to the capital requirements regulation and related requirements from Basel, European Commission, EBA, the ECB, Bafin and the ACPRCommunicate and seek input on regulatory developments to/from internal stakeholdersContribute to and help form the local and global advocacy approaches in conjunction with Government AffairsMeet with external policymakers, supervisors and peer firms to put forward and discuss potential improvements to future and existing rulesRepresent the firm’s views and coordinate with industry trade associationsCoordinate impact assessments of new regulatory updates on the firmInterpretationProvide technical written interpretations of EU rules including new rules and revisions to a suite of policy documentsLiaise with wider stakeholders across Risk, Controllers and Technology to develop appropriate requirements, processes and solutionsProvide transactions advice and support to business areas on local and US rules in arriving at Return on Equity measuresUnderstanding and familiarity of other regulatory developments is encouraged, including liquidity requirements, stress testing, ICAAP and derivatives market regulation (e.g. EMIR and MIFID), although these areas are not the direct responsibility of the team.This role provides an exciting opportunity to participate in an important area of regulatory change and be involved in developing the Firm’s thinking and approach to implementing these evolving regulatory requirements. SKILLS & EXPERIENCE WE ARE LOOKING FOR BASIC QUALIFICATIONSEducated to degree levelRelevant experience in a similar roleKnowledge and experience of the investment banking sector, including a strong understanding of risk and / or capital management processes and procedures.PREFERRED QUALIFICATIONS Functional Expertise - understanding of Regulatory Reporting, in particular EU Regulatory Reporting requirementsRegulatory knowledge – in-depth understanding of the regulatory capital rules. Including knowledge of IRB, VaR, Pillar 2, Leverage Ratio, Basel 2 & 3 & 3 Revisions, CRR & CRR2Project Management - project management and organisational skills including managing projects, change and stakeholdersEffective Communicator - is able to communicate effectively, both orally and in writing, to a broad range of people both across the Firm and externally at various levels of seniority. Shares information/new ideas with othersProactive - 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 setbacksCreativity/Innovation - looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical valueFlexible - is able to prioritize effectively under pressure in a very visible area, and is willing to take on additional responsibilitiesPersonable - possesses very strong interpersonal skills, effectively handles difficult requests, builds trusting long-term relationships with stakeholders, and manages client/business expectationsAnalytical - pays attention to detail, and demonstrates an ability to digest complex technical regulatory papers and extract pertinent issuesInfluencing Outcomes - presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others'' opinions and presents persuasive recommendationsTeam player - is a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others'' contributionsBusiness fluency in English and another European language preferableABOUT GOLDMAN SACHSAt 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. We believe who you are makes you better at what you do. We''re committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html© The Goldman Sachs Group, Inc., 2021. All rights reserved.Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity