• Risk, Securities Division Operational Risk Supervision Lead, Vice President

    Location(s) US-NY-New York
    Job ID
    2017-39581
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Risk Management, Sales, Trading
    Region
    Americas
    Division
    Risk
    Business Unit
    Operational Risk
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    The Operational Risk Management and Analysis Department (ORMA), an independent risk management function, is responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.  The Supervision team within ORMA is responsible for understanding, monitoring and managing the operational risk profiles of the firm’s various divisions.  This Operational Risk Supervision Lead role is responsible for understanding, monitoring and managing the operational risk profile of the firm’s Securities Division.  This role is also responsible for collaborating on the active risk management of related risks impacting other areas of the firm in conjunction with the Specialists and Governance teams within ORMA.

    RESPONSIBILITIES AND QUALIFICATIONS

    Key Responsibilities:

    • Conducting scenario analysis, coordinating development of case studies to quantify and measure risks, maintaining a library of case studies
    • New activity memos review: to ensure operational risks arising from new products, activity, migrations, etc. are properly considered
    • Facilitation of operational risk event collection, performing detailed reviews of events, tracking of remediation, conducting trend analysis and reporting
    • Exercising credible and effective challenge as a second line of defense
    • Working with senior stakeholders within the business and federation divisions, strengthening and developing the risk framework and its individual components
    • Remaining current on business drivers, regulatory and industry changes impacting the business, identifying new or emerging risks to which the business is exposed
    • Contributing to operational risk capital determination and stress testing
    • Conducting training and raise awareness of the operational risk framework
    • Identifying, monitoring and analyzing risk measures
    • Contributing to the advancement of operational risk methods and practices and the operational risk management framework 

    Skills & Experience:

     

    This role requires an energetic self-starter who can liaise with business and federation teams both regionally and globally. Solid experience in businesses, products and control requirements are required together with strong interpersonal and analytical skills.

    • Knowledge of at least one product asset class in derivatives, securities and commodities, preferably equities and/or commodities.
    • Experience in roles with direct expertise in the businesses with strong understanding on how the businesses operate and the products work, including familiarity with the business concepts such as hedging and valuation.
    • Strong technical and quantitative aptitude to be able to understand and determine quantification of operational risks, ideally exposure to creating and understanding financial models.
    • Risk management and control mind-set.
    • Excellent interpersonal, verbal and written communication skills
    • Ability to present with impact and influence
    • Ability to work in a fast paced environment
    • Self-starter, work independently and proactively, proven track record of delivery
    • Strong organizational skills
    • Attention to detail required
    • Team oriented
    • Inquisitive and enthusiastic

    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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