Risk, Capital Risk, Associate​/Vice President, Dallas

Risk, Capital Risk, Associate / Vice President, Dallas The Capital Risk team within the Risk Division provides an independent view into the capital decisions across the firm. The team advises on firmwide capital management decisions. Coverage also includes monitoring, analyzing, interpreting, and challenging the firm’s regulatory capital requirements and capital management processes. This involves working very closely with stakeholders across the firm, including trading desks, Controllers, Legal, Corporate Treasury and Technology, and will require a strong control mindset.

Other responsibilities include oversight of the firm’s capital strategy and the firm’s proximity to capital requirements.

The team also provides independent second-line oversight and challenge of regulatory capital interpretations, including critically assessing ambiguity in regulatory text, reviewing and challenging interpretative conclusions, and ensuring consistent and defensible implementation across the firm.

RESPONSIBILITIES Provide independent oversight of the capital management framework, ensuring that capital adequacy assessments and distribution strategies are consistent with the firm’s risk appetite and the stress capital buffer requirements. Understanding capital regulations and determining appropriate capital interpretations

Monitoring, summarizing, and challenging the impact of and risk appetite associated with the implementation of the regulatory capital rules

Communicating thoughtful analysis on sophisticated regulatory capital matters to senior managers, businesses, risk departments, and other impacted areas

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

Independently identify ambiguities or inconsistencies in regulatory requirements, and provide second-line review and challenge of interpretative positions, ensuring conclusions are well-supported, aligned to rule text, and robust under audit and regulatory scrutiny

Ensure consistent application of regulatory capital interpretations across the firm by driving alignment between policy and implementation, supported by clear and well-documented rationaleSKILLS AND EXPERIENCE REQUIRED Minimum of 5 years of relevant capital management experience

Knowledge of the end-to-end execution of the annual CCAR cycle

Perform independent review and challenge of stress testing results

Experience in project management and project governance

Experience in the interpretation of regulatory rules (e.g. 12 CFR 217, CRR, draft PRA rulebook), including translation into business impact

Strong ability to articulate and defend interpretations to senior stakeholders and across control functions

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 ABOUT 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…