The Goldman Sachs Group, Inc

Risk, Operational Risk, Vice President, Salt Lake City

The Goldman Sachs Group, Inc$150K — $180K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; Master's in Finance, Business, Risk Management or relevant field preferred
  • 10+ years of operational risk management experience, particularly in transaction and processing risk
  • Proven experience leading operational risk frameworks in financial services
  • Strong understanding of enterprise risk management best practices
  • Proficient in data analysis and risk reporting

Responsibilities

  • Develop and implement the firm's transaction risk management strategy
  • Understand transaction lifecycle process flows across business segments
  • Set minimum controls for transaction lifecycle activities
  • Challenge and analyze risks with a focus across all business segments
  • Utilize data analytics to assist in operational risk challenges
  • Track and manage risk profiles through a metrics program
  • Review and enhance existing controls based on risk evaluations

Benefits

  • Access to professional development and mentorship opportunities
  • Engagement in an intellectually stimulating work environment
  • Opportunities for cross-segment collaboration within the organization
  • Contributions to a risk-aware culture within the financial institution
  • Involvement in shaping strategic risk management policies and procedures
Full Job Description
Job Description

Organization: Risk Division, Operational Risk

Team: Transaction Execution and Processing Risk (TEPR)

Level/Location: Vice President, SLC

Position Overview:

The TEPR team is a 2nd Line of Defense (2LoD) team with a focus on independently overseeing and challenging the execution & processing risks of transaction lifecycles of the Firm. We are seeking a Vice President of Transaction, Execution and Processing Risk (TEPR) team to support the team's efforts in managing the transaction-related operational risks across the Firm. This role requires a deep understanding of financial transaction lifecycles as well as understanding of a financial institution's operational risk management framework (ORMF) elements. The successful candidate will provide subject matter expertise and set the strategic direction in managing transaction, execution and process risks of the Firm, oversee proper execution of the Firm's ORMF and collaborate with senior stakeholders within the Risk Division and across relevant business Segments of the Firm.

Responsibilities:
  • Contribute to the development, implementation, and maintenance of the firm's strategy for managing transaction, execution and processing risk, aligning with the Firm's overall risk management framework
  • Understand the process flows of the Firm's transaction lifecycles across multiple business Segments
  • Set minimum controls requirements for transaction lifecycle activities
  • Identify, analyze and challenge transaction execution and processing risks with a horizontal view across the business segments
  • Utilize data analytics and reporting tools to support the 2LoD analyses and challenges
  • Establish a 2LoD metrics program to support a qualitative/quantitative to maintain ongoing monitor, triggers, escalation, and mitigating actions of the relevant control vulnerabilities and risk profile changes
  • Evaluate the impact and likelihood of risks as well as review adequacy and effectiveness of existing controls and recommend enhancements
  • Perform detailed reviews of TEPR-related incident trends to identify significant risks or control deficiencies and ensure remediation of issues comprehensively and timely.
  • Prepare and present comprehensive risk profile reports to senior management, highlighting key risk themes, trends, and strategic recommendations.
  • Develop presentation materials and conduct sessions to educate staff on transaction execution and processing risks
  • Raise awareness about risk management practices and promote a risk-aware culture across the organization
  • Mentor and guide a team of risk managers, fostering professional growth and skill development
  • Provide subject matter expertise during internal and regulatory audits and examinations as well as thought leadership within the organization.


Qualifications and skills
  • Bachelor's degree or equivalent required
  • Master's degree in Finance, Business, Risk Management, or a related field; professional certifications in risk management (e.g., FRM, CIA) are desirable but not mandatory
  • 10+ years of experience in operational risk management, with subject matter expertise in managing transaction, execution and processing risk, or related areas within the financial services industry
  • Proven track record of leading and managing operational risk management framework within the financial services industry
  • Familiarity with enterprise risk management best-practices and controls
  • Proficiency in data analysis, and risk reporting
  • In-depth understanding of regulatory compliance requirements and industry best practices
  • Exceptional analytical skills with the ability to synthesize complex data and provide strategic insights
  • Excellent communication and presentation skills, to a) interact confidently with senior executives and b) convey complex concepts to diverse audiences
  • Strong leadership abilities and a demonstrated capacity to drive change and influence decision-making
  • Strong analytical abilities, including the use of data and visualization of data to aid strategy discussion with proficiency in Excel, PowerPoint, and Sharepoint - Tableau & SQL are a plus

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

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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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