Transaction Banking, Embedded Product Risk Manager, Vice President

Transaction Banking Embedded Product Risk Manager

We aim to build a modern and digital-first transaction banking solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We provide our clients a simple, intuitive, secure, and frictionless experience for domestic, cross-border and cross-currency payments. Simplifying payments, making it just as easy to pay someone across the globe as it is to pay someone around the corner. We're a team of diverse experts helping our clients to build the future of their Treasury.

The Embedded Product Risk Manager plays a critical role in identifying, assessing, and mitigating risks within the Transaction Banking product area. This role requires close collaboration with cross functional stakeholders such as Product managers, Engineering and Operations, 2^(nd) line Risk and Compliance, Legal, as well as other enterprise partners, to ensure a robust risk managed environment to provide viable products and services to clients. The Embedded Product Risk manager will jointly report to the Transaction Banking Head of Risk and Transaction Banking Head of Product. Key Responsibilities :

• Assist in designing and implementing Transaction Banking product governance framework to ensure new product due diligence and change management best practices are applied to new and existing products
• Work with Product managers to design, develop and implement risk controls for new products to mitigate operational, regulatory, compliance and FCC risk etc.
• Oversee effective execution of controls with various product families, including identification of gaps, remediation of issues, evaluating residual risk where appropriate and working with Risk Monitoring and Testing team
• Identify trends / concerns based on reviews of potential loss events, operational events and Risk and Control Self-Assessment, and work with Product and key stakeholders to document and implement corrective actions
• Act as a liaison between Product and 2LoD to proactively identify and assess risks associated with existing Transaction Banking products, and design and implement the appropriate controls
• Main point of contact for product related Audit and Issue management
• Ensure adherence to Goldman Sachs Risk Management Policy & Standards, including implementing new and revised policies

Qualifications :

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.htmlThe Goldman Sachs Group, Inc., 2023. All rights reserved. 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. Salary Range The expected base salary for this New York, New York, United States-based position is $125000-$250000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end. Benefits Goldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment / affirmative action employer Female / Minority / Disability / Vet. Minimum Salary : 125000.00 Maximum Salary : 250000.00 Salary Unit : Yearly