Risk, Operational Risk, Associate, Salt Lake City

Transaction Execution And Processing Risk (Tepr) Associate

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 Overview : The Transaction, Execution and Processing Risk (TEPR) team is a 2nd Line of Defense (2LoD) team with a focus on independently overseeing and challenging the execution and 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 as it relates to Asset and Wealth Management (AWM) business activities. The ideal candidate will have experience supporting different stages in transaction lifecycle, including pre-trade, trade execution, and post-trade execution activities, as well as understanding of a financial institution's operational risk management framework (ORMF) elements.

Responsibilities

• Contribute to the development, implementation, and maintenance of the firm's strategy for managing transaction, execution and processing risk, aligning with the Firm's overall risk management framework
• Understand the process flows of the Firm's transaction lifecycles across AWM
• Set minimum controls requirements for the activities in each stage of the transaction lifecycle
• Identify, analyze and challenge transaction execution and processing risks with a horizontal view across the business segments
• Utilize data analytics and reporting tools to support the 2LoD analyses and challenges
• Support creation of a 2LoD metrics program to support a qualitative / quantitative to maintain ongoing monitor, triggers, escalation, and mitigating actions of the relevant control vulnerabilities and risk profile changes
• Evaluate the impact and likelihood of risks as well as review adequacy and effectiveness of existing controls and recommend enhancements
• Perform detailed reviews of TEPR-related incident trends to identify significant risks or control deficiencies and ensure remediation of issues comprehensively and timely
• Prepare and present comprehensive risk profile reports to senior management, highlighting key risk themes, trends, and strategic recommendations
• Develop presentation materials and conduct sessions to educate staff on transaction execution and processing risks
• Raise awareness about risk management practices and promote a risk-aware culture across the organization
• Mentor and guide a team of risk managers, fostering professional growth and skill development
• Provide subject matter expertise during internal and regulatory audits and examinations as well as thought leadership within the organization

Qualifications and Skills