The Goldman Sachs Group, Inc

Risk, Operational Risk, Associate, Dallas

The Goldman Sachs Group, Inc$95K — $115K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or related field with 1 year of experience, or Bachelor's degree with 3 years of experience.
  • 2 years of experience with a Master's degree or 4 years with a Bachelor's in Regulatory Compliance and Business Law.
  • Experience in Corporate Governance and Risk Management practices.
  • Proficient in Operational Process Analysis methods and techniques.
  • Strong Management and Stakeholder Communication skills.

Responsibilities

  • Identify, monitor, and analyze operational risks from data management practices.
  • Develop evidence-based recommendations to enhance data management operations.
  • Report on metrics measuring data management standards adherence.
  • Propose and monitor operational risk appetite and trends through metrics.
  • Challenge absent or non-compliant controls in the key control inventory.
  • Conduct scenario analysis to quantify potential risks for the business.
  • Highlight risk issues and trends to senior divisional managers and the Operational Risk team.

Benefits

  • Exposure to a leading financial services firm.
  • Opportunity to contribute to advanced operational risk management practices.
  • Work in a collaborative environment with industry experts.
  • Potential for professional growth and development in risk management.
Full Job Description
Job Description

JOB TITLE: Associate, Operational Risk

ENTITY: Goldman Sachs & Co. LLC

DIVISION: Risk Division

JOB LOCATION: 717 North Harwood Street, Dallas, TX 75201

Number of direct reports: None

JOB DUTIES:
• Identify, monitor, and analyze operational risks arising from data management practices such as prioritization of critical data, cataloguing of data lineage, data sourcing contracts, data governance standards, data quality controls and data quality monitoring
• Develop evidence-based challenges and recommendations to improve data management operations and reduce operational risk
• Develop, monitor and report metrics to measure adherence to data management standards, such as ownership, authoritative data sourcing and data quality controls
• Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk-taking trends through bespoke metrics.
• Monitor the key control inventory for critical data, challenging the absent or non-compliant controls and ensure alignment with defined standards
• Conduct scenario analysis by working with stakeholders to develop plausible tail risk scenarios used in quantifying specific businesses exposure to potential risk
• Contribute to divisional and functional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team
• Conduct quarterly triggered assessments to ensure the divisional risk and control self-assessment outcomes are consistent, credible, and underpinned by appropriate evidence
• Remain current on business drivers, regulatory and industry changes impacting the firm's data governance activities and obligations
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework
• Identify and drive initiatives that improve the risk management activities at the firm

MINIMUM EDUCATION REQUIREMENTS/DEGREE AND FIELD:

Master's degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and one (1) of experience in the job offered or in a related role.

OR

Bachelor's degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and three (3) years of experience in the job offered or in a related role.

SPECIAL SKILLS AND/OR LICENSES REQUIRED TO PERFORM THE JOB:

Prior experience must include two (2) years with Master's degree or four (4) years in the following:
• Regulatory Compliance and Business Law
• Corporate Governance and Risk Management
• Finance and Financial Products
• Operational Process Analysis
• Management and Stakeholder Communication
• Project Management

No license/travel/foreign language requirement

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

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

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.

SEARCH GOLDMAN SACHS JOBS

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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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