TxB - Risk Manager - VP

What We Do

At Goldman Sachs, our Engineers don’t just make things – we make things possible.  Change the world by connecting people and capital with ideas.  Solve the most challenging and pressing engineering problems for our clients.  Join our engineering teams that build massively scalable software and systems, architect low latency infrastructure solutions, proactively guard against cyber threats, and leverage machine learning alongside financial engineering to continuously turn data into action.  Create new businesses, transform finance, and explore a world of opportunity at the speed of markets.

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

Transaction Banking (“TxB”) facilitates the storage and movement of value globally.  As a strategic priority for Goldman Sachs, we are building a modern and digital-first 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- TxB’s Risk Management team oversees all risks across TxB globally.  Potential candidates will have a bird’s eye view of an exciting new business and the opportunity to work closely with TxB and GS leadership teams. They will also have a view into all TxB products, new business initiatives, go-to-market strategies, client interactions, regulatory dynamic and the full spectrum of business risks and controls.

The Role

TxB’s Risk Management team oversees all risks across TxB globally.  Potential candidates will have a bird’s eye view of an exciting new business and the opportunity to work closely with TxB and GS leadership teams. They will also have a view into all TxB products, new business initiatives, go-to-market strategies, client interactions, regulatory dynamic and the full spectrum of business risks and controls.

TxB Risk Manager’s principal responsibility will be:

• Risk program and governance: Support overall TxB Risk program buildout, provide oversight of key policies and procedures, and coordinate various governance forums
• Products: Partner with TxB Product teams to develop and present new products to appropriate internal committees
• Regulators: support the business’ on-going interaction with key regulators globally
• Financial Crimes Compliance: collaborate with Goldman’s financial crimes compliance teams to structure appropriate product and transaction controls
• Compliance: co-structure TxB’s compliance risk program with demonstrable controls for all applicable laws, rules & regulations, in collaboration with firm wide legal & compliance teams
• Fraud: Serve as a backup escalation point for fraud alerts and support decisioning with client service teams
• Client Risk: support TxB’s business development team on structuring legal & compliance solutions, client documentation reviews and exception approvals, other revenue enablement controls
• Data Governance: Support the development of TxB’ data governance program

As a risk leader in a startup environment, TxB Non-Financial Risk Manager will secondarily engage with a broad range of non-financial topics including:

• Partner with TxB Sales in document negotiation, client onboarding and ongoing issue management processes
• Coordinate with second line (risk, compliance, controllers, etc.) and third line of defense (audit) stakeholders
• Ensure capital and regulatory requirements are documented and corresponding controls are periodically evaluated
• Assist with TxB’s global expansion program, including the development of local business and compliance controls
• Ad-hoc issue management

Basic Qualifications

• Prior experience: 7-12 years’ experience in a risk management, legal or compliance
• Execution focus: Ability to be creative, collaborate widely and deliver on key risk objectives in a fast paced start-up environment
• Communication skills: Extremely strong presentation skills, organizational and interpersonal skills

Preferred Qualifications

• Prior Transaction Banking and payments risk experience
• Prior financial crimes, legal and/or compliance experience

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. Learn more about our culture, benefits, and people at GS.com/careers.

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