Operational Risk Specialist

3 weeks ago


Dallas, Texas, United States Goldman Sachs Full time
About This Role

The Operational Risk Department at Goldman Sachs is 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 firm's operational risk management framework.

Responsibilities
  • Play an integral part in the development, implementation, and maintenance of the firm's 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 firm's operational resilience approach, which is to prevent, protect, respond, and adopt/learn from disruptive events.
  • Participate in the firm's capital and stress-testing scenario analyses relevant to the firm's business disruption risks.
  • Be well-versed in operational risk methods and practices with the ability to connect and align the firm's 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.
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.
  • Understanding 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 a 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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