Goldman Sachs
Risk, Operational Risk - Vice President - Wilmington, DE
Goldman Sachs, Wilmington, Delaware, us, 19894
VP - C&TxB Operational Risk
Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
This Operational Risk Coverage role within the Consumer and Transaction Banking Risk team is intended for a professional with subject matter expertise in the areas of operational risk and overall risk management, as well as broad understanding of and experience in Consumer lending & banking. The team is dedicated to actively enhancing the risk framework, employing and strengthening risk management, with a focus on Consumer and Transaction Banking.
Primary Responsibilities:
Oversee operational risk framework within the second line of defense working closely with the first line while providing robust and independent challenge
Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented on-time, and identification of trends to identify significant or emerging risks
Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division and ensure proper controls are in place
Conduct quarterly trigger assessments for divisions to ensure the risk and control self-assessment (RCSA) and tail scenarios remain accurately assessed and current
Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
Work with 1st line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk; review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
Contribute to the advancement of operational risk methods and practices and the operational risk management framework, both within Consumer and Transaction Banking Risk as well as firmwide Operational Risk Management
Act as the Operational Risk SME/lead on serval BAU work-streams associated with new products /acquisitions
This role requires an energetic self-starter that can liaise with stakeholders across business units and federation teams both regionally and globally. Familiarity with the concepts and methods of operational risk management, the firm's business, process flows and control environment, combined with strong interpersonal and analytical skills and a penchant for problem solving, are necessary for this role.
Qualifications:
Bachelor's degree and 10+ years of relevant experience working in operational risk, relevant revenue generating division in a risk/controls capacity, or a control function (e.g., second line Operational Risk and/or Compliance, Credit Risk, first line Business Control or Risk Management, and/or third line Audit)
Strong verbal and written communication skills
The ability to present with impact and build consensus across senior stakeholder groups
Ability to work in a fast paced environment with a focus on delivery
Strong organizational skills (project management experience a plus)
Proficiency in Excel, PowerPoint, and SharePoint - Tableau & SQL are a plus
Familiarity with enterprise risk management best-practices and controls
Quick learner who can thrive working as part as a cross-regional team and individually
Preferred:
Experience developing and deploying an operational risk framework for Consumer lending/banking, Wealth management, or other financial services
Experience developing data driven monitoring and testing programs
Risk assessment experience for product and process change management and design
Business acquisition and integration risk management experience
Risk management experience in Digital & Online banking or related area
Process, risk, and control documentation, effectiveness and performance assessment
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Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
This Operational Risk Coverage role within the Consumer and Transaction Banking Risk team is intended for a professional with subject matter expertise in the areas of operational risk and overall risk management, as well as broad understanding of and experience in Consumer lending & banking. The team is dedicated to actively enhancing the risk framework, employing and strengthening risk management, with a focus on Consumer and Transaction Banking.
Primary Responsibilities:
Oversee operational risk framework within the second line of defense working closely with the first line while providing robust and independent challenge
Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented on-time, and identification of trends to identify significant or emerging risks
Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division and ensure proper controls are in place
Conduct quarterly trigger assessments for divisions to ensure the risk and control self-assessment (RCSA) and tail scenarios remain accurately assessed and current
Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
Work with 1st line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk; review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
Contribute to the advancement of operational risk methods and practices and the operational risk management framework, both within Consumer and Transaction Banking Risk as well as firmwide Operational Risk Management
Act as the Operational Risk SME/lead on serval BAU work-streams associated with new products /acquisitions
This role requires an energetic self-starter that can liaise with stakeholders across business units and federation teams both regionally and globally. Familiarity with the concepts and methods of operational risk management, the firm's business, process flows and control environment, combined with strong interpersonal and analytical skills and a penchant for problem solving, are necessary for this role.
Qualifications:
Bachelor's degree and 10+ years of relevant experience working in operational risk, relevant revenue generating division in a risk/controls capacity, or a control function (e.g., second line Operational Risk and/or Compliance, Credit Risk, first line Business Control or Risk Management, and/or third line Audit)
Strong verbal and written communication skills
The ability to present with impact and build consensus across senior stakeholder groups
Ability to work in a fast paced environment with a focus on delivery
Strong organizational skills (project management experience a plus)
Proficiency in Excel, PowerPoint, and SharePoint - Tableau & SQL are a plus
Familiarity with enterprise risk management best-practices and controls
Quick learner who can thrive working as part as a cross-regional team and individually
Preferred:
Experience developing and deploying an operational risk framework for Consumer lending/banking, Wealth management, or other financial services
Experience developing data driven monitoring and testing programs
Risk assessment experience for product and process change management and design
Business acquisition and integration risk management experience
Risk management experience in Digital & Online banking or related area
Process, risk, and control documentation, effectiveness and performance assessment
#J-18808-Ljbffr