The Goldman Sachs Group, Inc

Corporate Planning & Management - Dallas - Vice President, Risk Governance - 9974368

The Goldman Sachs Group, Inc$166K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in a related field or Bachelor's with extensive experience.
  • 3-5 years of experience in risk governance or related role.
  • Strong background in data and contractual analysis of insurance documents.
  • Experience with scenario analysis and loss modeling.
  • Knowledge of global insurance regulatory requirements.

Responsibilities

  • Oversee insurance procurement and compliance for a global portfolio.
  • Develop and implement risk governance procedures and standards.
  • Analyze operational risks and recommend insurance solutions.
  • Collaborate with global teams to evaluate operational risks.
  • Monitor insurance market trends and share best practices.

Benefits

  • All travel costs covered for business-related trips.
  • Opportunity to work with a leading global financial firm.
  • Exposure to a diverse range of risk management functions.
Full Job Description
Job Description

Job Duties: Vice President, Risk Governance with Goldman Sachs & Co. LLC in Dallas, Texas. Responsible for insurance procurement, administration, and compliance for the firm's global insurance portfolio, including establishing procedures, standards, and specifications. Determine and negotiate insurance requirements based on business needs and regulatory obligations, ensuring contractual and regulatory compliance. Identify, analyze, and monitor operational and emerging risks across business processes, mapping exposures to insurance solutions and advising on enhancements. Assess business requirements, monitor performance, and drive improvements in risk management and insurance processes. Collaborate with the global operational risk team to evaluate the firm's operational risks and new activities to work through hypothetical claims scenarios and expected insurance response. Monitor insurance market and litigation trends to assess external claim developments and share best practices across teams to strengthen risk controls.

Job Requirements: Master's degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and three (3) years of experience in the job offered or in a related role OR Bachelor's degree (U.S. or foreign equivalent) in Economics, Finance, Mathematics, Accounting, Business Administration or related field and five (5) years of experience in the job offered or in a related role. Prior experience must include three (3) years (with a Master's degree) OR five (5) years (with a Bachelor's degree) with the following: performing data and contractual analysis of underwriting information, insurance policies, binders and endorsement to create, develop and ensure accuracy and adequacy of terms and conditions; conducting scenario analysis, including catastrophic and statistical loss modeling, to evaluate the probability of natural catastrophic events, identify and quantify trends, and prepare summary presentations on potential loss scenarios; knowledge of global insurance regulatory requirements and restrictions to identify and quantify exposures and recommend strategies to ensure compliance; monitoring insurance market and litigation trends to identify external claim developments and advise on policy contract impacts and enhancement requirements; administration of insurance captive including oversight of operational, financial performance and knowledge of compliance regulatory requirements; and presenting insurance terms, underwriting data and business requirements to global insurance company underwriters. International and/or domestic travel required up to 5% of the time per year to meet with insurance underwriters or attend market meetings and board meetings. All travel costs covered by the firm.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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