Risk, Operational Risk, Associate, Dallas

Goldman Sachs•Dallas, TX

About The Position

The Risk Business identifies, monitors, evaluates, and manages the firm’s financial and non-financial risks in support of the firm’s Risk Appetite Statement and the firm’s strategic plan. Operating in a fast paced and dynamic environment and utilizing the best in class risk tools and frameworks, Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence. BUSINESS UNIT: The Operational Risk Management and Analysis Department, an independent risk management function as part of the Risk business, is responsible for developing and implementing a standardized framework to identify, measure and monitor operational risks across the firm. The role is for a professional with deep subject matter expertise dedicated to actively employing and strengthening the components of the firm’s operational risk management framework. WHAT WE LOOK FOR This business is ideal for collaborative individuals who have strong ethics and attention to detail. Whether assessing the creditworthiness of the firm’s counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm’s success.

Requirements

3 to 5+ years of relevant experience
Management of continuity/resilience program at a similar financial institution
Understanding of key flows and functions of a global Investment Bank
Experience in setting strategy and working with cross organization working groups to implement strategy
Understand of industry risk models and resilience/recovery capabilities and how they form part of a coordinated framework
Understanding of the resilience regulatory environment globally with focus in the UK and US
Strong client / stakeholder management skills with strong interpersonal skills, both verbal and written
Ability to influence team members inside and outside of immediate area of responsibilities and from a wide range of organizational backgrounds
Strong project management skills, including monitoring and reporting project performance
Strong analytical abilities, including the use of data and visualization of data to aid strategy discussion
Flexible/Adaptable with ability to work during crisis scenarios
Ability to work in a fast paced environment with a strong delivery focus
Familiarity with enterprise risk and operational risk management best-practices and controls
Possess a Bachelor's Degree

Responsibilities

Play an integral part in the development, implementation, and maintenance of the firm’s global operational resilience framework (policies, governance and minimum standards) to ensure a front-to-back approach to operational readiness and response to business disruption events
Serve as 2nd line challenger to divisional scenario-based business impact analyses and business continuity plans
Establish and maintain a qualitative/quantitative operational resilience appetite/tolerance with associated metrics at the divisional level. Maintain ongoing monitor, triggers, escalation and mitigating actions of the relevant metrics
Interact with regulatory authorities around their approach to operational resilience including representing the firm on a number of sector-wide working groups and forums
Conduct analysis of resilience risks and controls and challenge the RCSA ratings of these risks and controls
Engage and liaise with internal stakeholder groups (HCM, CWS, OGS, Operations, Engineering, etc.) that have oversight of processes relevant to the firm’s operational resilience approach which is to prevent, protect, respond and adopt/learn from disruptive events
Participate in the firm’s capital and stress-testing scenario analyses relevant to the firm’s business disruption risks
Well-verse in operational risk methods and practices with the ability to connect and align the firm’s operational risk management processes with the operational resilience framework
Identify and drive initiatives that improve the risk management activities at the firm
Be apprised of operational resilience events and data collection including reporting when necessary; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation
Perform new activity review and ensure resilience risks arising from new products and/or business, migrations, etc. are properly considered
Create and present divisional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team
Identify and drive initiatives that improve the risk management activities at the firm