Goldman Sachs & Co. Risk, Operational Risk Coverage, Associate/Vice President, Salt Lake City in Salt Lake City, Utah
MORE ABOUT THIS JOB
The Operational Risk Management and Analysis Department, an independent risk management function, is responsible for developing and implementing a standardized framework to identify, measure, and monitor and operational risk across the firm.
This Operational Risk Coverage role is for a professional with deep consumer finance subject matter expertise dedicated to actively employing and strengthening the components of the firm’s operational risk management framework. This role will be responsible to continuously identify, monitor, measure and assess operational risk for the Consumer business. Consumer, externally known as Marcus by Goldman Sachs, is comprised of the firm’s digitally-led consumer businesses, which include our deposits and lending businesses, as well as our personal financial management app, Clarity Money.
RESPONSIBILITIES AND QUALIFICATIONS
Identify operational risks including new and emerging risks to which Consumer is exposed
Identify, maintain and analyze risk measures targeting key consumer finance risks such as consumer compliance, fraud, third party management, cybersecurity, and technology operational risk
Establishment and maintenance of a qualitative/quantitative business level operational risk appetite/tolerance with associated metrics, monitoring, triggers, escalation and mitigating actions
Conduct scenario analysis, develop and maintain a library of case studies to assess tail risk use for capital and stress testing activities
Facilitate operational risk event and data collection; perform detailed reviews of trends in the business to identify significant risks and ensure monitoring/remediation
New Activity review – ensure operational risks arising from new products and/or business, migrations, etc. are properly considered
Exercising credible and effective challenge as a second line of defense, strengthening the risk and control framework and its individual components
Remain current on business drivers, regulatory and industry changes impacting the business
Contribute to the advancement of operational risk methods and practices and the operational risk management framework
This role requires an energetic self-starter that can liaise with various business and federation teams both regionally and globally. Solid experience and prudent knowledge in the firm’s business flows, products and control requirements are required together with strong interpersonal and analytical skills for this role.
Strong financial product and business acumen, including experience with consumer lending or deposit products
3+ years of relevant experience, either working in operational risk, consumer compliance, or in a consumer finance business
Experience with fraud risk management, process improvement, issue management, or business continuity/capacity planning experience
Knowledge of applicable laws, regulations, and relevant industry standards, including, among others, the Truth in Lending Act (Reg Z), Equal Credit Opportunity Act (Reg B), Fair Credit Reporting Act (Reg V), PCI Compliance, and/or SOC reporting
Strong verbal and written communication skills – able to present with impact and influence
Ability to work in a fast paced environment, with a strong delivery focus
Strong organizational skills (project management experience a plus)
Proficiency in Excel (pivots, VLookups) and PowerPoint
Possess a Bachelor's Degree
ABOUT GOLDMAN SACHS
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
Schedule TypeFull Time
LevelAssociate, Vice President/Executive Director
Function(s)Fraud, Risk Management, Technology
Business UnitOperational Risk