Global Banking & Markets, Third-Party Strategy & Risk Management, Associate - SLC

GLOBAL BANKING & MARKETS

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. At Goldman Sachs, our culture is one of teamwork, innovation, and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our professionals the flexibility and support they need to reach their goals in and outside the office.

The Role & YOUR IMPACT

Do you have a deep subject matter expertise and a passion for risk management? We're looking for a professional to join our First line Risk Management team within the Global Banking and Markets (GBM) Division. In this role, you would partner with front to back business units supporting our client franchise to manage and improve our operational risk & resilience, particularly related to Third-Party Risk Profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by GBM, applying risk management tools to monitor and communicate to the leadership group on these risks, associated remediation plans, and sharing best practices to continuously improve Risk management culture and the control environment.

OUR IMPACT

The GBM Third Party Risk Management & Strategy team within GBM oversees the control framework and guides GS managers implement oversight on a broad spectrum of processes managed by Third Parties. The Risk Control position in GBM Third Party Risk Management & Strategy team provides an opportunity for a dynamic and risk-aware individual to take part in shaping GBM's Third Party control framework related to a broad spectrum of firm policies and processes. The role is part of a team responsible for overseeing aspects of Risk Management, Policy Implementation, Quality Assurance, Audit facilitation and relative analytics for the GBM teams. The successful candidate will be able to exercise independent judgment, discretion, and decision-making.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Supporting the divisions to ensure compliance with the firms Vendor Management (VM) programs

• Independently leading discussions with stakeholders across the organization (e.g. compliance, technology) and with external vendors

• Responsible for Performance monitoring and reporting to divisional stakeholders on VM activities, including outstanding risks and ongoing initiatives using Metrics and Reports

• Performing Independent assessments (IA) of design and effectiveness of process controls using qualitative & quantitative evidence

• Analyse data obtained to highlight concerns and produce high quality materials suitable for presentation to all levels of stakeholders

• Equipping Vendor Relationship Owners with skills, training, and awareness on their roles particularly focusing on Quality Assurance (QA)

• Acts as a culture carrier by embedding in the team or region; propagates a risk mind-set and awareness of Operational Risk

• Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders

• Strong knowledge of information security technologies such as identity and access management, Encryption and multi factor authentication, penetration test and patch management

• Work with technology and business teams to develop and implement risk treatment plans, including recommendations and options for risk avoidance, risk mitigation, risk transfer and risk acceptance, in line with the enterprise risk appetite

• Experience completing control reviews, risk assessments, scenario analysis, incident / event post-mortems assessment and other similar assessment methodologies

SKILLS & EXPERIENCE WE'RE LOOKING FOR

BASIC QUALIFICATIONS

This role requires an energetic self-starter that can liaise across Global Banking and Markets both regionally and globally. Solid understanding of the global markets franchise offered by the firm and experience within a risk management context are required. Strong interpersonal and analytical skills along with an interest in the broader control environment within financial services are essential to succeed in this role.

• 4-7 years relevant risk and governance experience in a business / Non-Financial Risk management/Third Party Risk Management within Financial industry pertaining to vendor services/ applications and trading platforms

• Hands on experience in conducting QA/ Internal Audits/Regulatory Exams/SOX certifications related to Third party vendors of business functions/ processes

• Understanding of the different risk domains pertaining to third parties (e.g., Information/ Cyber Security, Cloud concepts, Privacy, Compliance, BCP etc.) and their unique requirements

• Strong control mindset with a passion for risk management

• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking and Markets stakeholders

• Strong analytical skills with an ability to understand complex workflows, and excellent attention to detail using metrics to identify trends and themes.

• Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenging the status quo and continuously enhance the control environment. There is also opportunity within the role to learn and apply advanced analytics software to develop low code risk management solutions.

• Sound time management skills to be able to effectively prioritize competing priorities

• Drive and motivation to improve personal performance, broaden knowledge, work intensely towards extremely challenging goals and persist in the face of obstacles or setbacks

• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationship with key stakeholders across Divisions.

• Keeps current with emerging business, economic and market trends

ABOUT GOLDMAN SACHS

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.

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., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity