Risk, Operational Risk, Vice President, Salt Lake City

Goldman Sachs • Salt Lake City, UT

402d

About The Position

The Vice President of Operational Risk at Goldman Sachs is responsible for enhancing the firm's operational risk management framework, particularly in data management practices. This role involves ensuring data quality for critical business processes and requires a professional with expertise in operational risk and data governance. The position entails leading initiatives to identify, monitor, and assess operational risks, as well as collaborating with various teams to implement governance standards across the organization.

Requirements

• 7+ years of relevant experience in operational risk or data governance function in engineering/finance/risk divisions of financial institutions or working in data management reliant regulatory reporting such as BCBS239, Basel 3 or CCAR.
• Strong expertise in enterprise risk management best-practices and controls.
• Strong data analysis skills: ability to expertly use SQL, Excel, Alteryx tools to design and implement metrics.
• Strong verbal and written communication skills with the ability to present with impact and influence.
• Ability to work in a fast-paced environment with a strong delivery focus.
• Strong organizational skills (project management experience a plus).
• Ability to work in a team environment and knowledge share with other colleagues within team.
• Possess a bachelor's degree in Finance, Data Science, Economics, Computer Science, or related disciplines.

Nice To Haves

• Experience in a regulated enterprise network, preferably financial institution's technology infrastructure/applications and control requirements.
• Strong business acumen with general awareness of data governance related processes or strong grounding in operational risks and business flows of global banking institutions.

Responsibilities

• Lead programs to develop evidence-based challenges focused on improving all data management operations.
• Lead RCSA review and challenge for key control inventory for critical data and challenge the absence of controls and/or controls not adhering to defined control standards.
• Lead efforts to identify, monitor, and analyze operational risks arising from data management practices such as prioritization of critical data, cataloguing of data lineage, data sourcing contracts, data governance standards, data quality controls and data quality monitoring.
• Lead divisional and functional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team.
• Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk taking trends through bespoke metrics at firmwide and divisional/sub-divisional levels, escalating concerns to senior management.
• Facilitate operational risk event and data collection; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation.
• Review New Activities and ensure data related operational risks arising from acquisitions, new products and/or business, and migrations, etc. are carefully considered.
• Conduct quarterly triggered assessments for the division to ensure the divisions risk and control self-assessment outcomes are consistent, credible, and underpinned by appropriate evidence.
• Remain current on business drivers, regulatory and industry changes impacting the firm's data governance activities and obligations.
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework.
• Identify and drive initiatives that improve the risk management activities at the firm.

Benefits

• Training and development opportunities
• Firmwide networks
• Wellness and personal finance offerings
• Mindfulness programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree