What are the responsibilities and job description for the Risk, Operational Risk, Vice President, Salt Lake City position at The Goldman Sachs Group?
Team: Operational Risk, Issue Risk Management
Level: Vice President
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, risk committees and stakeholders across the firm in order to provide a holistic and actionable understanding of firmwide issues
- Help draft, update, enhance and manage the firm's key risk related documents, including firmwide policies and standards
- Oversee and assess key risk processes related to controls, implementation of remediation plans and significant strategic growth initiatives
- Develop risk and control assessment capabilities and operationalize processes to support them throughout the firm
Experience/skills required:
- Bachelor's degree
- 10 years in the Financial Services / Banking industry
- Prior experience in issue management, risk & controls assessment, Operational Risk or Enterprise Risk is preferred
- Strong understanding of financial and non-financial risk disciplines
- Exceptional verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Assessment, process, and control-oriented mindset
- Proven experience in driving own book of work and delivering against firmwide and cross-risk initiatives
- High proficiency in Excel and PowerPoint required. Programming experience (e.g. Python, SQL etc.) in workflow automation, data management, and/or data visualization (Tableau, Qlikview) is preferred
- Desire and ability to collaborate with people from different departments and levels of seniority
- Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally)
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
