Global Banking & Markets, Operational Risk Management, Embedded Risk Manager, VP - New York

YOUR IMPACT

Do you have a deep subject matter expertise and a passion for risk management? We're looking for a professional to join our First line Global Banking and Markets Operational Risk team. In this role, you would partner with front to back business units supporting our client franchise to manage and improve our operational risk profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by GBM, applying risk management tools to monitor and communicate to the leadership group these risks, associated remediation plans, and sharing best practices to continuously improve risk management culture and the control environment.

OUR IMPACT

The First line Global Banking and Markets Operational Risk team employs key components of the firm risk management framework to continuously measure and assess levels of risk for existing/new processes. In addition to being affiliated with specific product and/or functional areas, the First line Global Banking and Markets Operational Risk team partners with the second line Risk Division in order to improve consistency of risk measure and assessment practices.

HOW YOU WILL FULFILL YOUR POTENTIAL

• Advises, challenges, informs the line teams on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
• Acts as a culture carrier by embedding in the team or region;
• Identifies ways to share risk best practice across teams and functions, and with other business lines where like processes exist/there is exposure to similar risk
• Drive projects improving and maintaining tools supporting the operational risk framework
• Comfortable leading co-ordination across teams during market events to manage information exchange and triage emerging risk
• Partners with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework
• Analyzes issues for themes, patterns, and emerging risks
• Works closely with senior divisional leadership to implement and support an issues management program for Global Banking and Markets, including managing issues and remediation
• Provides guidance on best practices for remediation to ensure sustainable solutions
• Provides ongoing education and guidance on self identifying issues across first line and second line functions
• Develops management reporting, reporting dashboards, and strategic tools to highlight high risks and issues and facilitate escalation of risks, issues, and remediation to senior leadership
• Increases awareness and communications on lessons learned within the function / business line

SKILLS & EXPERIENCE WE'RE LOOKING FOR

BASIC QUALIFICATIONS

• This role requires an energetic self-starter that can liaise across Global Banking and Markets both regionally and globally. Solid understanding of the global markets franchise offered by the firm and experience within a risk management or control discipline context are required.
• Solid knowledge & experience in the Financial Industry
• Strong interpersonal and analytical skills along with an interest in the broader control environment within financial services are essential to succeed in this role
• Strong control mindset with a passion for risk management
• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking and Markets stakeholders
• Strong analytical skills with an ability to understand complex workflows, and excellent attention to details
• Sound time management skills to be able to effectively prioritize and multi-task
• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationship with key stakeholders across Divisions.
• Aptitude handling large data sets, synthesizing a variety of information to describe a risk and control profile
• Strong Powerpoint and Excel Skills required
• 6+ years in the Financial Services / Banking industry

PREFERRED QUALIFICATIONS

• Practical experience in Sales and Trading, First Line Risk and Controls, Internal Audit, Risk, Compliance or Operations functions
• Knowledge of Data Management and/or Visualization (ie Alteryx) a strong plus
• Knowledge of Operational Risk is a plus
• Experience in process redesign and executing strategic concepts from inception to implementation is 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 GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity