Risk Operational Risk Associate Risk Operational Risk Associate …

Goldman Sachs
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Goldman Sachs
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Risk Operational Risk Associate
>

Organization: Risk Division, Operational Risk

Team / Role: Operational Resilience

Level/Location: Associate, 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 Associate, Operational Resilience role is for a professional with subject matter expertise dedicated to actively employ and strengthen the components of the firms operational risk management framework.  This role will be responsible to continuously identify, monitor, measure and assess the firms global operational resilience landscape. The ideal candidate needs to be an energetic self-starter that can liaise with all divisions within the firm both regionally and globally with experience and knowledge in the development and implementation of a financial institutions operational resilience framework.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities:

  • Play an integral part in the development, implementation, and maintenance of the firms global operational resilience framework (policies, governance and minimum standards) to ensure a front-to-back approach to operational readiness and response to business disruption events
  • Serve as 2nd line challenger to divisional scenario-based business impact analyses and business continuity plans 
  • Establish and maintain a qualitative/quantitative operational resilience appetite/tolerance with associated metrics at the divisional level. Maintain ongoing monitor, triggers, escalation and mitigating actions of the relevant metrics
  • Interact with regulatory authorities around their approach to operational resilience including   representing the firm on a number of sector-wide working groups and forums
  • Conduct analysis of resilience risks and controls and challenge the RCSA ratings of these risks and controls
  • Engage and liaise with internal stakeholder groups (HCM, CWS, OGS, Operations, Engineering, etc.) that have oversight of processes relevant to the firms operational resilience approach which is to prevent, protect, respond and adopt/learn from disruptive events
  • Participate in the firms capital and stress-testing scenario analyses relevant to the firms business disruption risks 
  • Well-verse in operational risk methods and practices with the ability to connect and align the firms operational risk management processes with the operational resilience framework
  • Identify and drive initiatives that improve the risk management activities at the firm
  • Be apprised of operational resilience events and data collection including reporting when necessary; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation
  • Perform new activity review and ensure resilience risks arising from new products and/or business, migrations, etc. are properly considered
  • Create and present divisional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team
  • Identify and drive initiatives that improve the risk management activities at the firm


Qualifications

  • 3 to 5+ years of relevant experience
  • Management of continuity/resilience program at a similar financial institution
  • Understanding of key flows and functions of a global Investment Bank
  • Experience in setting strategy and working with cross organization working groups to implement strategy
  • Understand of industry risk models and resilience/recovery capabilities and how they form part of a coordinated framework
  • Understanding of the resilience regulatory environment globally with focus in the UK and US
  • Strong client / stakeholder management skills with strong interpersonal skills, both verbal and written
  • Ability to influence team members inside and outside of immediate area of responsibilities and from a wide range of organizational backgrounds
  • Strong project management skills, including monitoring and reporting project performance
  • Strong analytical abilities, including the use of data and visualization of data to aid strategy discussion
  • Flexible/Adaptable with ability to work during crisis scenarios
  • Ability to work in a fast paced environment with a strong delivery focus
  • Familiarity with enterprise risk and operational risk management best-practices and controls
  • Possess a Bachelor's Degree
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