• Risk, Risk Governance, VP, Dallas

    Location(s) US-TX-Dallas
    Job ID
    2019-57458
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Risk Management
    Region
    Americas
    Division
    Risk
    Business Unit
    Risk Administration
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    Full Time Vice President

    Risk Division – Risk Governance and Testing

     

    About Goldman Sachs

    The Goldman Sachs Group, Inc. is a bank holding company and a leading global investment banking, securities and investment management firm.  We provide a wide range of services to a substantial and diversified client base that includes corporations, financial investors, governments, non-profit organizations and high net worth individuals.  Founded in 1869, the firm is headquartered in New York and maintains offices in London, Tokyo, Hong Kong, Singapore, Dallas, Bengaluru, Mumbai and other major financial centers around the world.

    Risk Governance and Testing:

    • Risk Governance: The group is responsible for managing Risk Division’s operational risk and regulatory risk.
      • Makes our operating risks transparent through a suite of standards, processes, and tools which embed governance and quality assurance in process design throughout the data lifecycle
      • Designs, operates, and reports on all aspects of its governance framework, including development of governance templates, standards, guidelines, and tracking of key performance indicators
      • Designs, operates, and reports on all aspects of its internal control and self-assessment framework, including a process verification framework that measures and monitors process and control design effectiveness
      • Manages regulatory assessments and interactions
      • Maintains inventories and assessments of models, measures, and policy/regulatory obligations; and
      • Provides risk oversight of the business unit and reporting to senior management, increasing transparency of risks and influencing decision making and prioritization

     

    • Risk Testing Group: An independent review group within the Risk Division, with an aim to provide assurance over the design and operating effectiveness of the firm’s second line risk functions.
      • Performs quantitative validation of key regulatory deliverables for the firm
      • Manages and conducts independent assessments and testing of process and control design
      • Ensures continuous monitoring over processes, underlying data, and supporting controls for the Risk Division.
      • Identifies potential material errors or omissions related to data accuracy, conformance with regulatory instructions, and ongoing effectiveness of key controls. .
      • Prepares metrics and reporting to Risk Division senior management and governance committees
      • Automates test methodology and test approaches using an object oriented programming language
      • Leverages reporting suites (such as Tableau) to create and deliver cutting edge reports for the Risk Division

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities

    • Assist in managing operational risk, model risk, and regulatory risk of the Risk Division
    • Analyze and assess business unit risks, key drivers and vulnerabilities.
    • Develop an understanding of the Risk Division’s risk management framework, methodology, techniques, and processes
    • Lead inventorying initiatives, e.g., models, measures, other quantification mechanisms and output, risks, and controls
    • Lead efforts to identify and establish metrics and tools to assess and report on inherent risks, control strength and residual risk in a consistent and objective manner.
    • Design and perform reporting to Risk Division senior management and governance committees to inform decision making
    • Develop and maintain effective and constructive stakeholder relationships
    • Communicate and escalate significant risks to management
    • Liaise across relevant business, technology, and control functions to prioritize risks, challenge decisions, assumptions and tolerances, and drive appropriate risk response
    • Lead and plan independent testing and review of key reporting deliverables
    • Communicate results of testing through formal reports
    • Remain current on business, regulatory and industry changes
    • Drive and promote a culture of risk management and mitigation
    • Supervise/manage one or more junior members of the team

     

     

     

    Skills / Expertise

    • Undergraduate, MBA or Master’s degree in Business or Finance, Mathematics, Statistics, Engineering or Computer Science with a minimum of 2 years of experience (experience within a risk management / compliance / internal audit / other governance function preferred)
    • Interest in risk management, operational risk.
    • Proactive with strong analytical, organizational, influencing skills and attention to detail.
    • Strong written and verbal communications skills, particulary with senior management and regulators,
    • Strong inpersonal skills, ability to create relationships and leverage network within the organization.
    • Ability to identify potential problems and solutions, influence changes in process design to increase accuracy and efficiency.
    • Ability to work in a fast paced environment, team player, with a strong delivery focus.
    • Programming experience with an object oriented programming language such as Java or C++ and reporting tools such as Tableau, a plus
    • Ability to navigate large data sets, develop metrics and perform analysis, a plus

    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.