Controllers, Recovery and Resolution Planning (RRP) Assurance – Vice President, London in London at honor foundations

Date Posted: 11/15/2024

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    London
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/15/2024

Job Description

Controllers ensure that the firm meets all the financial control and reporting obligations of a global, regulated, and public financial institution. Our professionals measure the profitability of, and risks associated with, every aspect of the firm's business. Controllers also ensure that the firm's activities are conducted in compliance with the regulations governing transactions in the financial markets. 

We're a team of specialists charged with managing the firm’s liquidity, capital, and risk, and providing the overall financial control and reporting functions. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success. The business is ideal for collaborative individuals who have strong ethics and attention to detail.

The RRP Core Team 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.

We are seeking an experienced Vice President to join the team and assist in assurance programme over the firm’s global RRP deliverables.

The role holder will be required to design and execute capability tests across the firm’s core RRP capabilities which include: 

  • Capital 
  • Liquidity 
  • Payment, Clearing, and Settlement Activities 
  • Managing, Identifying, and Valuing Collateral 
  • Management Information Systems
  • Shared and Outsourced Services
  • Legal Entity Rationalization and Separability
  • Derivatives and Trading Activities

This role will require strong analytical skills including the ability toreview and challenge output provided by capability owners in the context of the tests, and also the ability to produce documentation to meet regulatory submission standards.

The role would be particularly suited to an individual from an operations background, with experience in one or more of the capability areas, or experience in internal audit or a second line review function. Previous RRP knowledge / experience is not essential, but we are looking for the following attributes:

  • Organizational / project management skills:  ability to work with a federated team of 100+ individuals across multiple divisions within the firm to plan and execute on the firm’s RRP deliverables
  • Communication skills: ability to communicate clearly and concisely at various levels of seniority
  • Control mindset: ability to maintain and develop a robust control, governance and assurance framework around the firm’s RRP deliverables
  • Technical competence: aptitude to understandinterpret and implement RRP regulatory rulesets and guidance
  • Analytical skills: ability to review and challenge financial projections included in the recovery and resolution plans
  • Writing skills: the ability to produce documentation to meet regulatory submission standards, and to critically review materials prepared by other areas

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/2023-global-resolution-plan.pdf

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