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Operational Risk and Control Specialist

2 months ago


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

At Goldman Sachs, we are seeking a highly skilled Operational Risk-Operational Risk Coverage-DALLAS-Vice President to join our team. This role is responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.

Key Responsibilities
  • Operational Risk Framework Development: Oversee the operational risk framework within the second line of defense, working closely with the first line to provide robust challenge and ensure effective risk management.
  • Operational Risk Event Management: Facilitate the operational risk event management framework and data collection, including detailed reviews of significant events to ensure appropriate remediation plans are implemented and identification of trends to identify significant or emerging risks.
  • New Business Initiatives and Firm Acquisitions: Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division.
  • Quarterly Trigger Assessments: Conduct quarterly trigger assessments for divisions to ensure the risk and control self-assessment (RCSA) and tail scenarios remain accurately assessed and current.
  • Challenge of 1st Line RCSA and Control Assessment Ratings: Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed.
  • Scenario Analysis: Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
  • Day-to-Day Risk Management Metrics: Work with 1st line process owners to develop day-to-day risk management metrics which quantify the division's exposure to various types of operational risk.
  • Operational Risk Methods and Practices: Contribute to the advancement of operational risk methods and practices and the operational risk management framework.
Requirements
  • Education and Experience: Bachelor's degree and 10+ years of relevant experience working in operational risk, relevant revenue-generating division, or a control function (e.g., Credit Risk, Compliance, Operational Risk, Finance/Controllers or Audit).
  • Strong Communication and Interpersonal Skills: Strong verbal and written communication skills, with the ability to present with impact and build consensus across senior stakeholder groups.
  • Analytical and Problem-Solving Skills: Ability to work in a fast-paced environment with a focus on delivery, strong organizational skills (project management experience a plus), and proficiency in Excel, PowerPoint, and Sharepoint Tableau & SQL are a plus.
  • Enterprise Risk Management Best-Practices: Familiarity with enterprise risk management best-practices and controls, with a quick learner who can thrive working as part of a cross-regional team and individually.