The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.
Team: Operational Risk, Issue Risk Management  

Level: Associate 

Location: Salt Lake 

Job Summary 

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large 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 Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm’s appetite and strategic plan as well as the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.

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. 

Within Operational Risk, the Issue Risk Management team has primary responsibility for the Firmwide Issue Management Framework in addition to independent oversight, review and challenge of remediation, root cause analyses and lessons learned in the process of managing actual and potential risk from deficiencies or gaps in controls and processes. The team engages with a wide array of businesses and risk management groups across the Firm; the cross-disciplinary nature of this work makes for a rewarding and multifaceted work environment.

Key Responsibilities:

Understand and apply the firm’s issue management governance, including applicable policies, frameworks and standards. Advise, challenge and influence, as neededEngage with stakeholders across the firm on effective review and challenge of enterprise-wide issues, including root causes analysis, remediation and lessons learnedAnalyze firmwide issues for macro themes, patterns, clustering and emerging risksDevelop data-driven analysis, qualitative assessments and analytical visualizationsPrepare management reporting for the Board, senior management, and stakeholders across the firm to provide a holistic and actionable understanding of firmwide issuesHelp to drive and create presentations or other reporting for senior risk committees focused on key risks, internal/external event reviews and/or new initiativesCoordinate and drive agenda setting for select risk committees at the firm as well as help with minute-taking and synthesizing key points

Experience/skills required:

Bachelor's degree3-5 years in the Financial Services / Banking industryPrior experience in issue management, risk & controls assessment, Operational Risk or Enterprise Risk is preferredStrong understanding of financial and non-financial risk disciplinesExceptional verbal, written, and interpersonal communication skillsStrong analytical skills with high attention to detail and accuracyAssessment, process, and control-oriented mindsetProven experience in driving own book of work and delivering against firmwide and cross-risk initiativesHigh proficiency in Excel and PowerPoint required. Programming experience (e.g. Python, SQL etc.) in workflow automation, data management, and/or data visualization (Tableau, Qlikview) is preferredDesire and ability to collaborate with people from different departments and levels of seniority Desire and ability to communicate complex information and concepts in layperson terms directly with senior management (both written and verbally) 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 employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity