• Finance, Corporate Treasury, Data and Commitments Governance, Associate/Vice President

    Location(s) US-NY-New York
    Job ID
    2018-43505
    Schedule Type
    Full Time
    Level
    Vice President/Executive Director
    Function(s)
    Finance, General
    Region
    Americas
    Division
    Finance
    Business Unit
    Corporate Treasury
    Employment Type
    Employee
  • MORE ABOUT THIS JOB

    Description of Corporate Treasury 
    Corporate Treasury works closely with the CFO, Treasurer and other members of senior management to manage the firm's funding, liquidity, capital and relationships with external stakeholders. The department plays a key role in firmwide strategic and analytical projects, providing a unique insight into the firm’s business activities and performance.

     

    Description of Data and Commitments Governance Function

    The Data and Commitments Governance function provides enhanced control over data used in preparation of internal metrics, regulatory returns, and model outputs, as well as the department’s broader commitments to regulators and the firm’s internal control functions.  The team is responsible for establishing a global governance framework for both data and broader commitments to ensure that there is appropriate data risk aggregation and reporting, and visibility, monitoring and management across the department’s commitments. Objectives are to ensure that all key measures produced by the department are materially complete and accurate, and that there is ongoing satisfactory fulfillment of commitments .

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities May Include

    • Establish or enhance existing coverage models across product teams,key reports and commitments
    • Ensure completeness and accuracy of the department’s repository of commitments
    • Develop and execute effective monitoring and escalation across the department to ensure satisfactory fulfillment of commitments
    • Perform continuous testing to ensure data completeness and accuracy
    • Transaction Testing:  Validate transaction level data to the original source
    • Substantive Testing:  Confirm accuracy of inputs to regulatory reports and disclosures
    • Governance Testing:  Ensure compliance with and alignment to internal policies and external regulatory standards
    • Control Testing: Assess the design and effectiveness of control frameworks
    • Plan and execute a program for periodic self-assessments vs. industry standards such as BCBS 239 (“Principles for effective risk data aggregation and risk reporting”)
    • Define and produce a suite of metrics that can be used to measure progress and identify trends in data quality and governance
    • Evaluate the effectiveness of reconciliation processes to firm financials
    • Propose new data validation controls and diagnostics
    • Draft and maintain appropriate departmental policies and procedures for data governance
    • Coordinate with the firm’s independent liquidity risk management function (Liquidity Risk Management and Analysis) on risk control and governance matters
    • Liaise with technology teams to ensure robust data architecture and governance controls
    • Serve as the primary point of contact with Internal Audit for data-related audits
    • Work with the firmwide Data Governance Office to ensure compliance with firmwide standards and adoption of enterprise tools and best practices

    Skills / Experience

    • Ability to work on multiple projects with a high attention to detail
    • Ability to analyze, evaluate and form independent judgments
    • Strong verbal and written communication skills
    • Strong quantitative skills
    • Comfortable managing large amounts of data and analyzing the output to identify daily quality issues / risks
    • Prior experience in treasury or a relevant field (for example, Risk Management, Funding, Corporate Finance, Capital Markets) a plus

    Minimum Requirements

    • 5+ years of experience
    • VP-level preferred, though will consider strong senior Associates
    • Familiarity with financial products and transaction types
    • Experience in data governance, audit, project management, or testing

    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.

    Options