Risk, Operational Risk, Associate, Salt Lake City

Organization: Risk Division, Operational Risk

Team / Role: Transaction Execution and Processing Risk (TEPR)

Level/Location: Associate, SLC

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.

Position Overview:

The Transaction, Execution and Processing Risk (TEPR) team is a 2nd Line of Defense (2LoD) team with a focus on independently overseeing and challenging the execution & processing risks of transaction lifecycles of the Firm. We are seeking a candidate to support the team's efforts in managing the transaction-related operational risks as it relates to Asset & Wealth Management (AWM) business activities. The ideal candidate will have experience supporting different stages in transaction lifecycle, including pre-trade, trade execution, and post-trade execution activities, as well as understanding of a financial institution's operational risk management framework (ORMF) elements.

Responsibilities:

• Contribute to the development, implementation, and maintenance of the firm's strategy for managing transaction, execution and processing risk, aligning with the Firm's overall risk management framework
• Understand the process flows of the Firm's transaction lifecycles across AWM
• Set minimum controls requirements for the activities in each stage of the transaction lifecycle
• Identify, analyze and challenge transaction execution and processing risks with a horizontal view across the business segments
• Utilize data analytics and reporting tools to support the 2LoD analyses and challenges
• Support creation of a 2LoD metrics program to support a qualitative/quantitative to maintain ongoing monitor, triggers, escalation, and mitigating actions of the relevant control vulnerabilities and risk profile changes
• Evaluate the impact and likelihood of risks as well as review adequacy and effectiveness of existing controls and recommend enhancements
• Perform detailed reviews of TEPR-related incident trends to identify significant risks or control deficiencies and ensure remediation of issues comprehensively and timely.
• Prepare and present comprehensive risk profile reports to senior management, highlighting key risk themes, trends, and strategic recommendations.
• Develop presentation materials and conduct sessions to educate staff on transaction execution and processing risks
• Raise awareness about risk management practices and promote a risk-aware culture across the organization
• Mentor and guide a team of risk managers, fostering professional growth and skill development
• Provide subject matter expertise during internal and regulatory audits and examinations as well as thought leadership within the organization.

Qualifications and skills

• Bachelor's degree or equivalent required
• Master's degree is a plus
• 3+ years of experience in risk management or related areas within the financial services industry preferred, specifically with exposure to AWM products and processes.
• Familiarity with enterprise risk management and operational risk management best-practices and controls
• Proficient in data analysis and reporting
• Exceptional analytical skills with the ability to synthesize complex data and provide strategic insights in written and verbal form.
• Excellent communication and presentation skills
• Experience in working in a team setting
• Proficient in Excel, PowerPoint, and SharePoint – Tableau & SQL are a plus
• Understanding of regulatory requirements impacting AWM transactions

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. about our culture, benefits, and people at

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. :

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

Holiday & Vacation Policies

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees' priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.

Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
Salt Lake City
JOB FUNCTION
Operational Risk
DIVISION
Risk Division