Risk-Bengaluru-Associate-Operational Risk

The Operational Risk Department at Goldman Sachs is an independent risk management function, responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.

This Operational Risk role provides coverage across Control divisions at the firm (except Engineering Division) and requires subject matter expertise in the areas of operational risk and overall risk management, as well as broad understanding of and experience in Trading & Investment Banking related risks. The team is dedicated to actively employing and strengthening the components of the firm’s operational risk management framework, with focus specifically on these divisions and their unique risk profiles.
Primary Responsibilities:

• Oversee operational risk framework within the second line of defense working closely with the divisions where appropriate providing robust challenge.
• Facilitate challenge of RCSA and Control Assessment ratings with appropriate divisions to ensure appropriate measurement approach and rationale has been employed.
• Conduct quarterly trigger assessments for divisions to ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current
• 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 and firm acquisitions to identify changes to the operational risk profile of the divisions.
• Develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk.
• 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 across Divisions.
• Act as the Operational Risk SME/lead on new products /acquisitions Challenge
• Contribute to the risk profile assessment materials – a data driven approach to highlighting trends and deeper risk management themes across the CF&O divisions.
• Work with other risk Departments to help define key themes and profiles required to produce comparison for divisional risk summaries.

This role requires initiative, strong communication skills and the ability to engage with a broad range of global stakeholders across business verticals and Control divisions.

Qualifications:

• Bachelor’s degree and 3-7+ years of relevant experience working in either operational risk, relevant divisions, or business units.
• Experience developing and deploying concepts within the operational risk framework for the control side of financial institutions.
• Proven execution ability
• Strong verbal and written communication skills and ability to influence outcomes.
• Ability to work in a fast-paced environment with a focus on delivery
• Strong organizational and program management skills
• Data Analytics capability

Proficiency in Excel, PowerPoint, and SharePoint