Goldman Sachs Bank AG
Risk, Operational Risk, Vice President, Salt Lake City
Goldman Sachs Bank AG, Salt Lake City, Utah, United States, 84193
Risk, Operational Risk, Vice President, Salt Lake City location_on Salt Lake City, Utah, United States
Team: Operational Risk
Level: Vice President
Job Summary Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large 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 Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm's appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.
The Operational Risk Department at Goldman Sachs is an independent risk management function responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
Within Operational Risk, the Third Party Risk team has primary responsibility for overseeing the components of the firm’s global third party (or supply chain) risk management, consistent with the Operational Risk Management Framework. This role will perform independent oversight, review and challenge of remediation, root cause analyses, and lessons learned in the process of managing actual and potential risk from deficiencies or gaps in controls and processes. The team engages witha wide array of businesses and risk management groups across the Firm; the cross-disciplinary nature of this work makes for a rewarding and multifaceted work environment.
Key Responsibilities
Identify, monitor, analyze and challenge operational risks for third parties including but not limited to vendors, contingent workers, interaffiliate service provision, and other third party partnerships
Provide oversight of risks and challenge of third party controls implemented by the first line of defense Third Party Risk Management team; able to identify key controls required within firm processes
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 third party activities and responses
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 Operational Risk 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 inclusive of the Operational Risk 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 Divisional teams both regionally and globally. Experience and knowledge in a financial institution’s third party infrastructure/applications and control requirements are required together with strong interpersonal and analytical skills for this role.
Experience/skills required
Strong business acumen with general awareness of third party-related processes, risks, and business flows
7+ years of relevant experience, either working in operational risk or in a risk management equivalent role, or in a financial institution’s third party division
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
Ability to work in a team environment and knowledge share with other colleagues within team
Proficiency in Excel, PowerPoint, SharePoint, and Tableau (a plus)
Familiarity with enterprise risk management best-practices and controls
Possess a Bachelor's Degree
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
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Team: Operational Risk
Level: Vice President
Job Summary Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large 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 Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm's appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.
The Operational Risk Department at Goldman Sachs is an independent risk management function responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
Within Operational Risk, the Third Party Risk team has primary responsibility for overseeing the components of the firm’s global third party (or supply chain) risk management, consistent with the Operational Risk Management Framework. This role will perform independent oversight, review and challenge of remediation, root cause analyses, and lessons learned in the process of managing actual and potential risk from deficiencies or gaps in controls and processes. The team engages witha wide array of businesses and risk management groups across the Firm; the cross-disciplinary nature of this work makes for a rewarding and multifaceted work environment.
Key Responsibilities
Identify, monitor, analyze and challenge operational risks for third parties including but not limited to vendors, contingent workers, interaffiliate service provision, and other third party partnerships
Provide oversight of risks and challenge of third party controls implemented by the first line of defense Third Party Risk Management team; able to identify key controls required within firm processes
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 third party activities and responses
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 Operational Risk 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 inclusive of the Operational Risk 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 Divisional teams both regionally and globally. Experience and knowledge in a financial institution’s third party infrastructure/applications and control requirements are required together with strong interpersonal and analytical skills for this role.
Experience/skills required
Strong business acumen with general awareness of third party-related processes, risks, and business flows
7+ years of relevant experience, either working in operational risk or in a risk management equivalent role, or in a financial institution’s third party division
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
Ability to work in a team environment and knowledge share with other colleagues within team
Proficiency in Excel, PowerPoint, SharePoint, and Tableau (a plus)
Familiarity with enterprise risk management best-practices and controls
Possess a Bachelor's Degree
Healthcare & Medical Insurance We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.
We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.
Financial Wellness & Retirement We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.
Health Services We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.
Fitness To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).
Child Care & Family Care We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.
Benefits at Goldman Sachs Read more about the full suite of class-leading benefits our firm has to offer.
#J-18808-Ljbffr