What are the responsibilities and job description for the Operational risk associate position at Goldman Sachs?
The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Organization : Risk Division, Operational Risk
Team / Role : Transaction Execution and Processing Risk (TEPR)
Level / Location : Associate, SLC
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.
Position Overview :
The Transaction, Execution and Processing Risk (TEPR) team is a 2nd Line of Defense (2LoD) team with a focus on independently overseeing and challenging the execution & processing risks of transaction lifecycles of the Firm.
We are seeking a candidate to support the team’s efforts in managing the transaction-related operational risks across the Firm.
This role requires understanding of financial transaction lifecycles as well as understanding of a financial institution’s operational risk management framework (ORMF) elements.
Responsibilities :
- Ensure comprehensive mapping of TEPR processes, controls and risks for each business segment
- Support team lead in identifying, analyzing, and challenging transaction execution and processing risks with a horizontal view across the business segments
- Support creation of a 2LoD metrics program to adopt a qualitative / quantitative approach for ongoing monitoring, triggers, escalation, and mitigating actions of the relevant control vulnerabilities and risk profile changes
- Conduct preliminary reviews of business unit change management processes that could potentially elevate transaction execution and processing risks
- Utilize data analytics and reporting tools to support the 2LoD analyses and challenges
- Monitor TEPR-related incident trends and perform thematic analysis to identify significant risks or control deficiencies
- Prepare comprehensive risk profile reports to senior management, highlighting key risk themes, trends, and strategic recommendations
Qualifications and skills
- Bachelor’s degree or equivalent required
- Master’s degree is a plus
- Familiarity with enterprise risk management and operational risk management best-practices and controls
- Proficient in data analysis and reporting
- Exceptional analytical skills with the ability to synthesize complex data and provide strategic insights in written and verbal form.
- Excellent communication and presentation skills
- Experience in working in a team setting
- Proficient in Excel, PowerPoint, and Sharepoint Tableau & SQL are a plus
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.
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Last updated : 2024-03-28
