Job Description

ABOUT GOLDMAN SACHS

The Goldman Sachs Group is a bank holding company and a leading global investment banking, securities and investment management firm. Goldman Sachs provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.

BLR VRO Responsibilities

Assist in the review and management of the Loan Management vendors by acting as the Vendor Relationship Owner (VRO) or Co-VRO as applicable. GS has specific requirements based on the inherent risks of the vendor servicers and requires the VRO appropriately onboard the vendor, complete recurring oversight functions in the Know Your Third Party (KY3P) vendor portal, as well as coordinate other GS risk partner surveys and responses and manage any issues identified within the Vendor Risk Portal (VRP).

Assist in Vendor onboarding tasks and status monitoring.

• Coordinate with other GS Risk Partners for completion of KY3P tasks.
• Assist in ongoing monitoring for all vendor oversight activity.
• Work with different risk partners teams to close/ remediate/ mitigate the open risks finding in

  timely manner.

• Work with Vendor Tech Risk (VTR) and Third Party Risk Management (TPRM) as follows;

  o Ensure KY3P Profiles and Risk Tiers are established appropriately

  o Coordinate VRP issues and obtain details on identified issues and requirements for

  remediation

  o Respond to VRP issues and either remediate, request cancellation (if erroneous), or risk

  accept pending remediation or lack of ability to remediate

  o Assist in coordinating required vendor meetings to resolve VRP issues

• Manage a vendor working file of all VRP issues and prior review responses
• Draft email requests that require VP, MD or PMD and TPRSG approvals (these will be sent to the

  Dallas LOB POC for approval.

• Escalate internal or vendor related issues, points of clarification or reviews with the Dallas LOB

  POC

• Exhibit an understanding of the use of third party vendors and associated risks
• Knowledge of Private Internal Information (PII) and the need to protect it
• Working knowledge of Service Organization Control Reports (SOC) and how to identify issues

  raised within them

• General business knowledge of loan servicers to identify if issues are truly relevant to the

  services provided and if there are ways to remediate issues raised

• Good communication skills (verbal, written)

Required Skillset

• Good Experience in Vendor management, vendor risk management, third party risk

  management, operational or financial risk management.

• Good Understanding and working knowledge in Risk Mitigation, Contract Management, Client

  management and internal stakeholder management.

• Good understanding of the standard risk controls methods.
• Aware of Ariba setup and hands on experience on vendor onboarding and vendor oversight

  activities.

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

© The Goldman Sachs Group, Inc., 2024. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer

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