MORE ABOUT THIS JOB
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Operational Risk Management and Analysis (ORMA)
Operational Risk Coverage
The Operational Risk Management and Analysis Department, an independent risk management function, is responsible for developing and implementing a standardized framework to identify, measure, and monitor and operational risk across the firm.
This Operational Risk Coverage role is for a professional with subject matter expertise dedicated to actively employing and strengthening the components of the firm's operational risk management framework. This role will be responsible to continuously identify, monitor, measure and assess operational risk for Operations.
RESPONSIBILITIES AND QUALIFICATIONS
Identify, monitor, analyze and challenge operational risks targeting Operations including but not limited to payments, fraud, regulatory reporting, and technology
Establish and maintain a qualitative/quantitative operational risk appetite/tolerance with associated metrics at the divisional level. Maintain ongoing monitor, triggers, escalation and mitigating actions of the relevant metrics
Conduct scenario analysis by working with stakeholders to develop and quantify tail scenarios used for capital and stress testing activities
Facilitate operational risk event and data collection including reporting when necessary; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation
Perform New Activity review and ensure operational risks arising from new products and/or business, migrations, etc. are properly considered
Create and present divisional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior ORMA management team
Conduct quarterly trigger assessments for the division to ensure the divisions risk and control self -assessment and tail scenarios remain applicable and current
Remain current on business drivers, regulatory and industry changes impacting the business
Contribute to the advancement of operational risk methods and practices and the operational risk management framework
Identify and drive initiatives that improve the risk management activities at the firm
This role requires an energetic self-starter that can liaise with various business units and federation teams both regionally and globally. Solid experience and prudent knowledge in the firm's business flows, products and control requirements are required together with strong interpersonal and analytical skills for this role.
Strong business acumen with Operations product knowledge and process flows
Experience with fraud risk management, process improvement, issue management, etc.
Knowledge of applicable laws, regulations, and relevant industry standards, including transaction reporting regulations (e.g.: MIFID II; EMIR, CTFC), client assets management, etc.
3+ years of relevant experience, either working in operational risk or in Operations
Strong verbal and written communication skills with the ability to present with impact and influence
Ability to work in a fast paced environment with a strong delivery focus
Strong organizational skills (project management experience a plus)
Ability to work in a team environment and knowledge share with other colleagues within team
Proficiency in Excel (pivots, VLookups), PowerPoint, Sharepoint, and Tableau (a plus)
Familiarity with enterprise risk management best-practices and controls
Possess a Bachelor's Degree
ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.