Job Description

CREDIT RISK POLICY GOVERNANCE MANAGEMENT

The Credit Risk Policy Governance Management team is responsible for establishing a robust governance framework for all Wholesale Credit Risk(WCR) Policy, Standards, and Procedures to ensure efficient management of multi-disciplinary processes and regulatory requirements.

The Policy Governance Manager will drive the strategic vision and oversight over the lifecycle of the WCR Framework, Policy, Standards, and Procedures. The lifecycle will include adherence to regulation, the development and enhancement of governance documents, implementation of policy requirements including new processes and controls and review and oversight for all WCR documents and associated processes and controls. The Manager will collaborate across all Businesses, various Policy teams, Internal Audit, Technology, and senior management across the Firm, as well as interact with regulators.

RESPONSIBILITIES

• Coordinate the review of new and evolving regulatory requirements applicable to Credit Risk management to ensure compliance. 
• Provide strategic input into the development of all WCR Policy, Standards, and Procedures, ensuring accuracy and consistency.   
• Oversee the maintenance and challenge of existing WCR policy, standards and procedures 
• Engage with relevant stakeholders across 1^st and 2^nd Lines of Defence to track and influence the implementation of WCR Policy requirements.
• Identify key controls based on WCR policy requirements and Contribute to the development, maintenance, and ongoing enhancement of Key Risk Indicators (KRIs)
• Assist with the review and challenge of 1st line controls to identify and drive management of risks associated with credit risk
• Management of the RCSA program deliverables including action plans, control monitoring, and control evaluation
• Communicate identified risks to key stakeholders, organize remediation action plans, and track identified risks to closure. 
• Coordinate with key stakeholders to roll-out timely communications, trainings, newsletters, etc. 
• Lead and participate in regulatory engagement on WCR Policy, regulatory traceability, and key controls

SKILLS, KNOWLEDGE AND EXPERIENCE REQUIRED

• 8+ years of experience in Policy development, governance, and change management
• Working knowledge of audit, risk and operational management concepts and the ability to understand and interpret the impact of decisions, as well as identify and convey potential problem areas
• Knowledge and understanding of financial services, including regulatory landscape.  Wholesale Credit Risk or related Risk Management experience a plus, though not required
• Excellent written, and verbal skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Ability to perform independently, organized, and flexible
• Highly motivated, strong attention to detail, team orientedThe Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

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