Goldman Sachs is Hiring a Risk, Associate-Operational Risk (Asset Wealth Management), Salt Lake City Near Salt Lake, UT
Job DescriptionThe 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 OverviewThe Transaction, Execution and Processing Risk (TEPR) team is a 2 nd 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
1-3 years of experience in risk management or related areas within the financial services industry preferred
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