Risk, Operational Risk, Associate, Salt Lake City

Goldman Sachs•Salt Lake City, UT

42d

About The Position

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 & 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 & 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.

Requirements

Bachelor’s degree or equivalent required
3+ years of experience in risk management or related areas within the financial services industry preferred, specifically with exposure to AWM products and processes.
Familiarity with enterprise risk management and operational risk management best-practices and controls
Proficient in data analysis and reporting
Exceptional analytical skills with the ability to synthesize complex data and provide strategic insights in written and verbal form.
Excellent communication and presentation skills
Experience in working in a team setting
Proficient in Excel, PowerPoint, and SharePoint

Nice To Haves

Master’s degree is a plus
Tableau & SQL are a plus
Understanding of regulatory requirements impacting AWM transactions

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.