Global Banking & Markets, Operational Risk & Resilience, Embedded Risk Management, Associate - New York

At Goldman Sachs, we connect people, capital and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. For us, it's all about bringing together people who are curious, collaborative and have the drive to make things possible for our clients and communities.

OUR IMPACT

Our team of risk specialists is aligned with our Investment Banking organization to deliver an integrated approach to serving our global client franchise. The ERM employs the components of the Risk Management Framework to continuously measure and assess levels of risk for existing/new processes for the businesses we support. In addition to being affiliated with specific product and/or functional areas, ERM partners with the Operations Risk Management (ORM) organization to improve consistency of risk measure and assessment practices.

YOUR IMPACT

We are looking for an Operational Risk professional to join our Embedded Risk Management (ERM) team within the Global Banking and Markets (GBM) organization. In this role, you will support our Front to Bank Investment Banking franchise to help manage and improve our operational risk profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by Investment Banking teams, dynamically responding to emerging risks, applying risk management tools to monitor and communicate to the leadership group, and sharing best practices to continuously improve risk management culture and the control environment.

RESPONSIBILITIES:

• Work with Management to implement the Firmwide Risk Identification program within GBM to establish processes by which financial and non-financial risks are considered for inclusion in a Risk appetite Statement to ensure risk appetite is considered and incorporated into business planning and ensure GBM remains within limits for financial and non-financial risks.
• Develop and maintain the Internal Audit stewardship model within the Investment Bank to facilitate audit management and transparency of risk themes, raise awareness of control risks and ensure on time implementation of agreed remediations.
• Risk Analytics - monitor and report on key risk metrics (via KRI's/KPI's), highlighting any areas of concerns and remediation efforts.
• Challenge the status quo - challenge the risk and control framework to further enhance the control environment. Work outside business unit and divisional boundaries to manage and improve the risk profile commercially.
• Work closely with other risk managers in other locations supporting Front Office, Operations and Engineering to share key initiatives and best practices and develop integrated risk solutions.
• Establish trusted partnerships with peers, functional leads, and executive level stakeholders
• Work on various division-wide strategic risk initiatives.
• Prepare commercially effective risk management conclusions, and present to GBM senior management and other stakeholders.

PREFERRED SKILLS & EXPERIENCE:

• Strong knowledge of risk management and regulatory expectations at large financial institutions
• Strong leadership, interpersonal, and relationship management skills
• Strong control mindset with a passion for risk management.
• Strong analytical skills, willing and able to learn new business and system processes quickly
• Team-oriented with a solid sense of ownership and accountability
• Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
• Excellent verbal and written communication skills to clearly articulate problems and ideas with different levels across stakeholders.
• 5+ years of professional experience in risk management, public accounting, consulting, internal audit and/or regulatory agency examiner role within the financial services industry or a related control function.
• 4-year degree in a finance, accounting, or quantitative discipline, and ideally a graduate degree in a related subject.