Job Description
The Risk Business identifies, monitors, evaluates, and manages the firm’s financial and non-financial risks in support of the firm’s Risk Appetite Statement and the firm’s strategic plan. Operating in a fast paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.
Business Unit
The Operational Risk Management and Analysis Department, an independent risk management function as part of the Risk business, is responsible for developing and implementing a standardized framework to identify, measure and monitor operational risks across the firm. The role is for a professional with deep subject matter expertise dedicated to actively employing and strengthening the components of the firm’s operational risk management framework.
What We Look For
This business is ideal for collaborative individuals who have strong ethics and attention to detail. 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.
Responsibilities
- Play an integral part in the development, implementation, and maintenance of the firm’s global operational resilience framework (policies, governance and minimum standards) to ensure a front-to-back approach to operational readiness and response to business disruption events
- Serve as 2nd line challenger to divisional scenario-based business impact analyses and business continuity plans
- Establish and maintain a qualitative/quantitative operational resilience appetite/tolerance with associated metrics at the divisional level. Maintain ongoing monitor, triggers, escalation and mitigating actions of the relevant metrics
- Interact with regulatory authorities around their approach to operational resilience including representing the firm on a number of sector-wide working groups and forums
- Conduct analysis of resilience risks and controls and challenge the RCSA ratings of these risks and controls
- Engage and liaise with internal stakeholder groups (HCM, CWS, OGS, Operations, Engineering, etc.) that have oversight of processes relevant to the firm’s operational resilience approach which is to prevent, protect, respond and adopt/learn from disruptive events
- Participate in the firm’s capital and stress-testing scenario analyses relevant to the firm’s business disruption risks
- Well-verse in operational risk methods and practices with the ability to connect and align the firm’s operational risk management processes with the operational resilience framework
- Identify and drive initiatives that improve the risk management activities at the firm
- Be apprised of operational resilience events 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 resilience 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 Operational Risk management team
- Identify and drive initiatives that improve the risk management activities at the firm
Skills And Relevant Experience
- 3 to 5+ years of relevant experience
- Management of continuity/resilience program at a similar financial institution
- Understanding of key flows and functions of a global Investment Bank
- Experience in setting strategy and working with cross organization working groups to implement strategy
- Understand of industry risk models and resilience/recovery capabilities and how they form part of a coordinated framework
- Understanding of the resilience regulatory environment globally with focus in the UK and US
- Strong client / stakeholder management skills with strong interpersonal skills, both verbal and written
- Ability to influence team members inside and outside of immediate area of responsibilities and from a wide range of organizational backgrounds
- Strong project management skills, including monitoring and reporting project performance
- Strong analytical abilities, including the use of data and visualization of data to aid strategy discussion
- Flexible/Adaptable with ability to work during crisis scenarios
- Ability to work in a fast paced environment with a strong delivery focus
- Familiarity with enterprise risk and operational risk management best-practices and controls
- Possess a Bachelor's Degree
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