Job Description

Organization: Risk Division, Operational Risk 

Team / Role: Asset & Wealth Management - Coverage 

Level/Location: Analyst, Dallas

The Operational Risk Department at Goldman Sachs is an independent risk management function 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 Asset and Wealth Management (AWM) Risk team is intended for a professional with knowledge of Operational Risk and Risk Management with BI skills as a plus. 

Primary Responsibilities:

• Oversee operational risk framework within the second line of defence working closely with the first line whilst 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 trigger assessments for divisions to ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current
• Facilitate challenge of 1^st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed
• Support the Scenario Analysis process by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
• Work with 1^st 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

Skills and Experience We’re Looking For:        

This role requires an energetic self-starter who is inquisitive and keen to learn. Someone with the ability to understand new topics quickly and provide thoughtful opinion will do well in this role. Experience in handling large data sets via Excel, Tableau, Alteryx or otherwise would be beneficial. 

• Some understanding of the AWM Business Processes is preferred. 
• Some exposure to risk management practices/frameworks 
• Ability to work in a fast-paced environment.
• Strong verbal and written communication skills - able to present with impact and influence.
• Self-starter, continuous learner, proactive, independent, proven delivery track record
• Ability to handle and analyze large sets of data.
• Strong organizational skills (project management experience a plus)
• Attention to detail.
• Team oriented, inquisitive and enthusiastic.