Risk – Operational Risk – Vice President
| Company | Goldman Sachs |
|---|---|
| Location | Salt Lake City, UT, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Expert or higher |
Requirements
- Experience developing and deploying an operational risk framework for Trading and/or Banking business (for example Equities trading, M&A, Investing & Lending activity)
- Bachelor’s degree and 10+ years of relevant experience working in operational risk, relevant revenue generating division, or a control function (e.g., 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
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 on-time, 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
- Act as the Operational Risk SME/lead on serval BAU work-streams associated with new products /acquisitions
- Contribute to the risk profile assessment materials – a data driven approach to highlighting trends and deeper risk management themes within Global Markets.
- Liaise closely with the EMEA lead and the global markets lead to help define strategic investments and uplifts.
- Work with horizontal risk stripes and their leadership to help define key themes and content required to help produce comparables for the divisional risk stories.
Preferred Qualifications
- Experience developing data driven monitoring and testing programs
- Risk assessment experience for change management and process design