• Risk Officer - Transaction Banking

    Location(s) US-NY-New York
    Job ID
    2019-52166
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Technology
    Region
    Americas
    Division
    Engineering
    Business Unit
    Corporate Cash Management
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    INVESTMENT BANKING

    Our division works on some of the most complex financial challenges and transactions in the market today. Whether advising on a merger, providing financial solutions for an acquisition, or structuring an initial public offering, we handle projects that help clients at major milestones. We work with corporations, pension funds, financial sponsors, and governments and are team of strong analytical thinkers, who have a passion for producing out-of-the-box ideas.

     

    Transaction Banking

    We aim to build a modern and digital-first cash management solution to serve our clients. Our business combines the strength, heritage, and expertise of a 150-year-old firm with the agility and entrepreneurial spirit of a tech start-up. Our goal is to provide a best-in-class digital product that helps clients to succeed by giving them a holistic view of their business. Through the use of modern technology built on the cloud, we are the alternative to legacy platforms. We’re a team of diverse experts helping our clients to build the future of their Treasury.

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities

     

    • Identify and establish key risk functions within Cash Management; partner with functions such as Credit and Compliance to agree division of responsibilities
    • Oversee adherence to risk limits set by Credit, Liquidity etc.; periodic review of suitability relative to needs of the business
    • Govern forums focused on key risks within the business - financial crime, cyber-crime etc.
    • Engagement with clients to educate as well as continually learn key risk management practices
    • Integrate Quality Assurance practices across functions and processes
    • Implement KRIs to evaluate performance of all business and technology processes
    • Ensure capital and regulatory requirements are documented and corresponding controls periodically evaluated
    • Partner with various federation functions in representing Cash Management to regulators
    • Develop and oversee adherence to specific business compliance training requirements – info security, regulations etc.
    • Ensure all policies and procedures are documented, maintained and adhered to
    • Oversee implementation of Firmwide risk framework within Cash Management

    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.