Location: Dallas

Title: Associate

Division: Operational Risk

OVERVIEW:

Through assessing and managing operational risk across the firm, you will contribute to effective and comprehensive risk management as the firm executes its business strategy. In doing so, you will provide commercial and strategic risk insight to the firm, including adjusting business practices to reduce inherent risk and enhance controls. You will become a risk expert with in-depth knowledge of various divisions and all aspects of operational risk.

The Operational Risk Department, an independent risk management function as part of the Risk Division, is responsible for developing and implementing a standardized framework for assessing, monitoring and managing operational risks across the firm. The role is for a professional dedicated to actively employing and strengthening the components of the firm’s operational risk management framework.

RESPONSIBILITIES:

• Working with stakeholders across the firm to further develop and strengthen the operational risk framework and its individual components
• Contributing to the advancement and/or execution of operational risk programs and practices
• Help develop and institutionalize governance processes and enhance controls, driving a culture of risk management and mitigation
• Collaborating with Engineering teams on the strategy and development of key operational risk management platforms
• Providing clear and concise verbal and written recommendations and guidance to internal colleagues on matters of operational risk management
• Remaining current on business drivers, regulatory and industry changes impacting the business, identifying new or emerging risks to which the firm is exposed
• Provide support to regulatory deliverables and overall engagement relating to operational risk

SKILLS & EXPERIENCE:

• This role requires an energetic self-starter, who can engage with stakeholders across the firm at several levels of management, both regionally and globally, and may require occasional interaction with external parties. Strong interpersonal, analytical and presentation skills are required for this role. Project or other change management skills are also recommended.
• 3-7 years of prior work experience in relevant field, Operational Risk Management and/or Risk and Control Assessments.
• Technical knowledge in product management, and quantitative aptitude to be able to understand and develop quantification of operational risks
• Excellent interpersonal, verbal and written communication skills
• Strong organizational skills, including program management or change management
• Ability to work in a fast-paced environment
• High attention to detail
• Self-starter, continuous learner, proactive, independent, proven delivery track record
• Team oriented, inquisitive and enthusiastic
• Proficient to advanced skills with MS office (Excel, PowerPoint, Outlook) and Alteryx

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 opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.