Risk, Operational Risk - Asset & Wealth Management, Associate, London

RISK

The Risk Division is a team of specialists charged with managing the firm’s credit, market, liquidity, and operational risk. This role sits within Operational Risk which develops and implements risk assessment and oversight frameworks designed to identify, monitor, and manage non-financial risks such as those associated with systems, people, processes, and external events. The risk division is ideal for collaborative individuals who have strong ethics and attention to detail. 

ROLE OVERVIEW

This role requires an energetic self-starter that can liaise with stakeholders across the Asset and Wealth Management business. Familiarity with the business, operational risk management frameworks, combined with strong analytical skills, interpersonal skills and problem solving skills are necessary for this role.

RESPONSIBILITIES

• Oversee the operational risk framework within the second line of defense working closely with the first line whilst providing robust challenge.
• Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure appropriate remediation plans are implemented, and identification of trends to identify significant or emerging risks.
• Conduct quarterly trigger assessments for divisions to ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current.
• Facilitate challenge of 1st line RCSA and Control Assessment ratings to ensure appropriate measurement approach and rationale has been employed.
• Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework.
• Create Management reporting using Alteryx, Tableau, or other cutting-edge visual interface-based tools. 
• Develop analytical reports and presentations for senior management, executive committees, and regulatory exams.
• Review and evaluate new business initiatives and firm acquisitions to identify changes to the operational risk profile of the division.

EXPERIENCE & QUALIFICATIONS 

• Bachelor’s degree and between 3-5 years of relevant experience working in either operational risk, within Asset and Wealth Management, or at an asset manager
• Strong verbal and written communication skills
• The ability to present with impact and build consensus across senior stakeholder groups
• Ability to work in a fast-paced environment with a focus on delivery
• Proficiency in Excel & PowerPoint – Alteryx is a plus
• Quick learner who can thrive working as part as a cross-regional team and individually

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:

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Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity