Goldman Sachs Operational Risk Associate - New York NY 

United States, New York, New York 

871009558

Operational Risk, Associate - New York, NY

Primary Responsibilities:

• Perform quality assurance review and testing of first line’s payments processes including but not limited to adherence with payments policies, industry standards and payments regulations
• Work with first line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk
• Using risk management metrics and emerging events, identify key process controls for risk deep dives to challenge/verify first line controls for quality assurance
• Execute operational risk framework from the second line of defense while working closely with the first line via providing robust and independent 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
• Review and evaluate new business initiatives to identify changes to the operational risk profile of the division and ensure proper controls are in place
• Facilitate challenge of first 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

Basic Qualifications:

• Bachelor’s degree and 4+ years of relevant experience working in operational risk, relevant revenue generating division, or a control function (e.g., Credit Risk, Compliance, Operational Risk, Finance/Controllers or Audit)
• 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
• Strong organizational skills (project management experience a plus)
• Proficiency in Excel, PowerPoint, and SharePoint – Tableau & SQL are a plus
• Familiarity with enterprise risk management best-practices and controls
• Quick learner who can thrive working as part as a cross-regional team and individually

Preferred Qualifications:

• Quality assurance review and/or testing experience: ACH, Fedwire, SWIFT, etc.
• Experience developing and deploying an operational risk framework
• Risk assessment experience for change management and process design
• Payments and/or payments risk management experience
• Risk management experience

The expected base salary for this New York, New York, United States-based position is $110000-$140000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.