Risk, Analyst, Operational Risk, Salt Lake City

Job Posting

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

Team : Operational Risk, Issue Risk Management

Level : Associate

Location : Salt Lake

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 Issue Risk Management team has primary responsibility for the Firmwide Issue Management Framework in addition to 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 with a 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 :

• Understand and apply the firm's issue management governance, including applicable policies, frameworks and standards. Advise, challenge and influence, as needed
• Engage with stakeholders across the firm on effective review and challenge of enterprise-wide issues, including root causes analysis, remediation and lessons learned
• Analyze firmwide issues for macro themes, patterns, clustering and emerging risks
• Develop data-driven analysis, qualitative assessments and analytical visualizations
• Prepare management reporting for the Board, senior management, and stakeholders across the firm to provide a holistic and actionable understanding of firmwide issues
• Help to drive and create presentations or other reporting for senior risk committees focused on key risks, internal / external event reviews and / or new initiatives
• Coordinate and drive agenda setting for select risk committees at the firm as well as help with minute-taking and synthesizing key points

Experience / Skills Required :