Operational Risk Coverage
Operational Risk is an independent risk management function within the Risk Division, responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.
This role within the Operational Risk Coverage team is in the team dedicated to second line oversight of the Global Banking and Markets segment. This includes trading functions as well as classic investment banking activity.
Primary Responsibilities:
- Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure remediation plans are appropriate and implemented as agreed.
- Analyze trends in data, such as internal and external events, to identify key and emerging risks.
- Review and evaluate new business initiatives and firm acquisitions proposed by Global Banking and Markets to assess risk posture and drive independent challenge
- Develop product and transaction knowledge to challenge the businesses risk and control self-assessment (RCSA)
- Leverage basic financial models to quantify loss projections used for stress testing assessments
- Collaborate with cross-functional teams to develop metrics which quantify divisions exposure in various risk types
- Contribute to the advancement of operational risk methods and practices and the operational risk management framework.
- Provide regular reporting and presentations to senior management and business leaders
Want more jobs like this?
Get Business Operations jobs in London, United Kingdom delivered to your inbox every week.
Skills and Experience We're Looking For:
This role requires an energetic self-starter who is inquisitive and keen to learn. Someone with the ability to understand new topics quickly and provide thoughtful opinion will do well in this role. Experience in handling large data sets via Excel, Tableau, Alteryx or otherwise would be beneficial.
- Technical and quantitative aptitude to be able to understand and determine quantification of operational risks.
- Basic understanding of the products offered by Global Banking and Markets
- Familiarity with regulatory frameworks
- Ability to work in a fast-paced environment.
- Strong verbal and written communication skills - able to present with impact and influence.
- Self-starter, continuous learner, proactive, independent, proven delivery track record
- Ability to handle and analyze large sets of data.
- Strong organizational skills (project management experience a plus)
- Attention to detail.
- Team oriented, inquisitive and enthusiastic.
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. Learn more about our culture, benefits, and people at GS.com/careers.
We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html
© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity