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About the position
The Senior Associate, Operational Risk at Goldman Sachs & Co. LLC in New York, New York is responsible for identifying, analyzing, and monitoring areas of risk as it pertains to business processes and controls. This role involves determining, negotiating, and agreeing on firm/business quality procedures, standards, and specifications. The Senior Associate will assess business requirements and ensure that these are met, while also ensuring appropriate oversight for the risk profile of the aligned segment. The position requires establishing effective supervisory structures and appropriate segment governance forums, including divisional operational risk and resilience councils ("ORRCs"). Additionally, the role involves assessing Inherent Risks (IRs) and Residual Risks (RRs) to ensure that the Risk and Control Self-Assessment (RCSA) risk and control review accurately reflects the current risk environment and quality of operational controls. The Senior Associate will define thematic RCSA issues to help structure remediation plans regarding significant open risks or control deficiencies and aid with the execution of Control Assurance requirements for in-scope controls.
Responsibilities
- Identify, analyze, and monitor areas of risk related to business processes and controls.
- Determine, negotiate, and agree on firm/business quality procedures, standards, and specifications.
- Assess business requirements and ensure they are met.
- Ensure appropriate oversight for the risk profile of the aligned segment.
- Establish effective supervisory structures and governance forums, including ORRCs.
- Assess Inherent Risks (IRs) and Residual Risks (RRs).
- Ensure RCSA risk and control review accurately reflects the current risk environment.
- Define thematic RCSA issues to structure remediation plans for significant risks or control deficiencies.
- Aid with execution of Control Assurance requirements for in-scope controls.
Requirements
- Master's degree in Business Administration, Finance, Economics, or related field and one (1) year of experience in the job offered or in a related role.
- Bachelor's degree in Business Administration, Finance, Economics, or related field and three (3) years of experience in the job offered or in a related role.
- Experience performing statistically driven analysis using data analytical techniques to identify trends and propose process enhancements.
- Experience creating, developing, and enhancing probabilistic and deterministic financial models.
- Experience working with operational risk related regulatory frameworks.
- Experience with data visualization tools including Tableau.
- Experience developing processes and tools to identify and monitor data accuracy.
