• Risk, MBD/RMD Operational Risk Supervisor, Associate/VP, Dallas

    Location(s) US-TX-Dallas
    Job ID
    Schedule Type
    Full Time
    Finance, Risk Management
    Business Unit
    Operational Risk
    Employment Type

    The Operational Risk Management and Analysis Department, an independent risk management function, is responsible for developing and implementing a standardized framework to identify, measure, and monitor and operational risk across the firm.   The Operational Risk Supervisor role for MBD/RMD is for a professional with deep subject matter expertise dedicated to actively employing and strengthening the components of the firm’s operational risk management framework.  The Supervisor continuously identifies, monitors, measures and assesses levels of risk for existing/new processes within a business line. 


    MBD is a significant part of the organization that requires a Supervisor to assess its operational risk profile. It is an incubator of new businesses that Goldman Sachs may enter into in the future and can have a major impact on the Operational Risk Capital of the firm. Goldman Sachs is also one of the biggest Private Equity investors in the world with a large roster of portfolio companies.


    The Realty Management Division (RMD) is an integral part of the firm that supports major revenue driving divisions, including IBD, IMD, MBD, SecDiv and other business divisions of the firm that invest in real estate and loan assets.  RMD is divided into five (5) groups, Real Estate Asset Management, Loan Asset Management, Portfolio Analytics, Residential Mortgage Asset Management, Consumer Servicing Oversight and Data Management & Reporting.   The division has over $44b of real estate and loan assets under management with global presence in the US, UK and Japan.       


    Responsibilities include:

    • Identify new or emerging risks to which the business is exposed
    • Conducting scenario analysis, developing and maintaining a library of case studies
    • Ability to monitor and report on the firms risk profile against a defined risk appetite and risk limit
    • Facilitation of operational risk event collection, enrichment of event data, perform detailed reviews of events, tracking of remediation, conduct trend analysis
    • Contributing to stress testing and operational risk capital work as needed
    • New Activity memos review – to ensure operational risks arising from new products and/or business, migrations, etc. are properly considered
    • Exercising credible and effective challenge as a second line of defense, strengthening the risk framework and its Individual components
    • Remain current on business drivers, regulatory and industry changes impacting the business
    • Conduct business training and raise awareness of the operational risk framework, their roles and responsibilities
    • Respond to client inquiries about operational risk
    • Contribute to the advancement of Operational Risk Methods and Practices and the operational risk management framework
    • Identify, maintain and analyze risk measures
    • Establishment and maintenance of a qualitative/quantitative business level operational risk appetite/tolerance with associated metrics, monitoring, triggers, escalation and mitigating actions
    • Contribute to developing the firm's operational risk framework including the design and project management for strategic platform enhancements

    This role requires an energetic self-starter that can liaise with various business and federation teams both regionally and globally.  Solid experience and prudent knowledge in the firm’s business flows, products and control requirements are required together with strong interpersonal and analytical skills for this role. 

    • Awareness of top operational risks facing the financial sector
    • Strong financial product and business acumen
    • 3+ years of relevant experience
    • Excellent interpersonal and analytical skills
    • Ability to work in a fast paced environment
    • Strong verbal and written communication skills – able to present with impact and influence
    • Self starter, work independently and proactively, proven track record of delivery
    • Strong organizational skills (project management experience a plus)
    • Attention to detail required
    • Team oriented
    • Inquisitive and enthusiastic


    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.