Title : Associate
Location : Wilmington, DE or Dallas, TX or Salt Lake City, UT
Team : Operational Risk
Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
This role requires an energetic self-starter that can liaise with stakeholders across business units and federation teams both regionally and globally.
Familiarity with the concepts of operational risk, the firm’s process flows and control environment combined with strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role.
The team is dedicated to actively enhancing the risk framework, employing and strengthening risk management, with a focus on Consumer & Wealth Management.
Primary Responsibilities :
- Oversee operational risk framework within the second line of defense working closely with the first line whilst providing robust and independent challenge
- Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented, and identification of trends to identify significant or emerging risks
- Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division and ensure proper controls are in place
- Conduct quarterly trigger assessments for divisions to ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current
- Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
- Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
- Work with 1st line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk;
review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
Contribute to the advancement of operational risk methods and practices and the operational risk management framework
Basic Qualifications :
Bachelor’s degree and 4+ years of relevant experience working in operational risk, relevant revenue generating division, or a control function (.
Credit Risk, Compliance, Operational Risk, Finance / Controllers or Audit)
- Strong verbal and written communication skills
- The ability to present with impact and build consensus across senior stakeholder groups
- Ability to work in a fast paced environment with a focus on delivery
- Strong organizational skills (project management experience a plus)
- Proficiency in Excel, PowerPoint, and SharePoint Tableau & SQL are a plus
- Familiarity with enterprise risk management best-practices and controls
- Quick learner who can thrive working as part as a cross-regional team and individually
Preferred Qualifications :
- Experience developing and deploying an operational risk framework for Consumer lending / banking and / or Wealth management
- Risk assessment experience for change management and process design
- Business acquisition and integration risk management experience
- Risk management experience in Digital & Online banking or related area.
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 / careers.
We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.
Risk, C&TxB Operational Risk – Issues Management, Associate, Delaware
As a sub-division of Risk, Consumer and Transaction Banking Risk provides oversight of credit and operational risks in the firm’s consumer and transaction banking businesses and contributes to the development and implementation of a standardized framework to identify, measure, and monitor operationa...
Technology Risk & Controls Lead - Chase Consumer & Business Banking
As a Tech Risk & Controls Lead in Chase Consumer & Business Banking, you will be responsible for identifying, and mitigating compliance and operational risks in line with the firm's standards. Join our team to play a pivotal role in mitigating tech risks and upholding operational excellence, driving...
Risk Management - Strategic Analytics Associate - Business Card
As a Strategic Analytics Associate in our Card Services Risk group, you will support design, implementation and monitoring of the underwriting strategy, while working closely with business partners to optimize the overall product strategy. Job Responsibilities * Identify and implement worl...
Risk Reporting Associate
Because it sits at the very center of the firm, Treasury and the Chief Investment Office directly influences the composition of the firm’s balance sheet as well the activities of the firm’s four main lines of business (LOBs): Asset & Wealth Management, Commercial Banking, Corporate & Investment Bank...
VP- Consumer Advocacy - Risk Governance
Manage centralized Consumer Advocacy team responsible for internal and external customer advocacy efforts to drive business outcomes and profitability while protecting the firm against reputational and regulatory risk; key functions include complaint reporting and analytics, fair and responsible ban...
Risk Manager B&IS
Provides risk management expertise on behalf of assigned department while working with Division Risk Managers and other 2nd line risk partners (to include Operational and Enterprise Risk Management teams, Regulatory Compliance, Business Continuity, IT Risk, Third Party Risk, Corp. What you will do P...
Associate, Credit Risk
Associate, Credit Risk w/ Goldman Sachs Bank USA in Wilmington, Delaware. Credit Risk position focused on actively managing credit risk for unsecured lending products. Risk Management tools at various life stages of unsecured lending products; Client management and maintaining a relationship with pa...
Risk Management - Risk Identification Analytics Lead - Senior Associate
To support this objective, the firm has implemented a Risk Identification (Risk ID) framework for capturing existing and topical risks inherent in the firm’s activities and the global business environment. As a Risk Identification Analytics Lead in Risk Management and Compliance, you are at the cent...
Client Service Professional (Consumer and Business Banking)
Required Work Experience Bachelor's Degree or equivalent Minimum 2-3 years’ experience in client service, banking operations or banking relationship management support required. Works directly with clients in all areas of deposit and credit operations (new accounts, wires, transfers, account activit...
Risk Management - Credit Senior Officer - Senior Associate
As a Risk Management Associate in Lending Governance & Execution, you will be responsible for leading initiatives supporting Risk Governance including management of the Business Banking Risk sub-committee, Risk document updates, and ensuring adherence to regulatory requirements, including regulation...