Risk, Operational Risk, Associate, Salt Lake City
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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
