Job Description

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, Third Party Risk, role is for a professional with subject matter expertise dedicated to strengthening the components of the firm’s operational risk management framework relating to third party risk. This role will be responsible for continuously identifying, monitoring, measuring, and assessing operational risk for third party standards, procedures, and implementation of the standards by the Third Party Risk Management office within the Corporate Planning and Management division and federated third party risk teams within all divisions of Goldman Sachs.    

Responsibilities:

• Identify, monitor, and analyze operational risks arising from third party risk management,  including through the vendor management lifecycle and Interaffiliate service provision
• Develop evidence-based challenges focused on improving all third party risk management operations
• Develop, monitor and report key risk indicators and provide independent risk oversight, facilitating incident and issue management, risk appetite assessment, and operational performance reporting
• Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk taking trends through bespoke metrics at firmwide and divisional/sub-divisional levels, escalating concerns to senior management
• Monitor the key control inventory for sufficiency and completeness, and challenge the absence of controls and/ or controls not adhering to defined control standards
• Review New Activities and ensure data related operational risks arising from acquisitions, new products and/or business, and migrations, etc. are carefully considered
• Contribute to divisional and functional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team 
• Conduct quarterly triggered assessments for the division to ensure the divisions risk and control self -assessment outcomes are consistent, credible, and underpinned by appropriate evidence
• Remain current on business drivers, regulatory and industry changes impacting the firm’s data governance activities and obligations
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework 
• This role requires an energetic, effective communicator that can liaise with 1LoD teams, Operational Risk colleagues, and business verticals and control divisions, both regionally and globally 

Qualifications

• Bachelor’s degree and 3+ years of relevant experience, which could include working in operational risk, business units, or in consulting organizations.
• Proven business acumen and execution ability with understanding of third party risk management processes or robust grounding in operational risks and controls
• Strong verbal and written communication skills with the ability to present with impact and influence
• Ability to work in a fast-paced environment with a strong delivery focus
• Strong organizational skills and program management skills
• Ability to work in a global team environment and knowledge share with colleagues within team
• Familiarity with enterprise risk management best-practices and controls
• Preferred: Ability to leverage SQL, Excel, Alteryx tools to design and implement metrics and analytics 

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