Risk, Operational Risk, Associate, Salt Lake City

Risk Division Associate

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 : External Reporting Risk

Level / Location : Associate, Salt Lake City

The Operational Risk Department at Goldman Sachs is an independent risk management function responsible for developing and implementing a standardized framework for assessing, monitoring and managing operational risk with the goal of maintaining the firm's exposure to operational risk at levels that are within our risk appetite.

Position Overview :

The External Reporting Risk team is a 2nd Line of Defense (2LoD) team within Operational Risk with a focus on independently overseeing and challenging the risks arising from the firm's various external reporting obligations including statutory / financial, tax, regulatory and other required external reporting to clients or investors. We are seeking an Associate of External Reporting Risk team to support the team's efforts in managing the external reporting operational risks across the Firm. This role requires an understanding of financial institution's external reporting requirements and as well as understanding of operational risk management framework (ORMF) elements. The successful candidate will provide subject matter expertise and contribute to setting the strategic direction in managing external reporting risks of the Firm, oversee proper execution of the Firm's ORMF and collaborate with stakeholders within the Risk Division and across relevant business, operations & control functions of the Firm.

Responsibilities :

• Working with stakeholders across the firm to further develop and strengthen the operational risk framework whilst providing robust and independent challenge
• Work with 1st line of defense reporting process owners to develop day to day risk management metrics which quantify exposures to various types of operational risk; monitoring and analyzing these risk measures and metrics
• Review of significant operational risk events to ensure appropriate remediation plans are implemented
• Conduct thematic analysis to identify significant or emerging risks, and develop recommendations for mitigating actions to remediate those risks
• Work with vertical divisional coverage teams within Operational Risk to challenge risk and control self-assessment (RCSA) ratings to ensure appropriate identification and quantification of key risks and controls.
• Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile as it relates to external reporting risks and ensure proper controls are in place
• Remaining current on business drivers, regulatory and industry changes impacting external reporting risks, identifying new or emerging risks to which the firm is exposed
• Contribute to periodic risk profile assessments using qualitative and quantitative inputs to highlight trends and deeper risk management themes across the external reporting landscape

Qualifications and skills :

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.

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Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.