Risk, Operational Risk - Vice President - Salt Lake City, UT

Vice President - C&TxB Operational Risk

Operational Risk is an independent risk management function (2nd line), responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.

This Operational Risk Coverage role within the Platform Solutions Risk team is intended for a professional with subject matter expertise in the areas of operational risk and experience implementing and/or managing a change management program, as well as broad understanding of and experience in Consumer and Transaction Banking. The team is dedicated to actively enhancing the risk framework, employing and strengthening risk management, with a focus on Consumer and Commercial facing products.

Primary Responsibilities:

• Oversee operational risk framework within the second line of defense working closely with the first line whilst providing robust and independent challenge
• Conduct business change risk assessments (i.e., new products/services, business process changes, strategic initiatives, regulatory changes, control assessments, etc.) including building and managing an intake process, maintaining relevant documentation, tracking and monitoring status of assessments and timely communication with key stakeholders.
• Solid knowledge of process, risks and controls including experience creating data flow diagrams and process maps.
• Conduct quarterly trigger assessments for divisions to ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current
• Facilitate challenge of 1st line RCSA ratings to ensure appropriate measurement approach and rationale has been employed
• Conduct scenario analysis by working with stakeholders to develop and quantify scenarios measuring tail risks used for stress testing and capital calculations.
• Work with 1st line process owners to develop day to day risk management metrics which quantify the divisions exposure to various types of operational risk; review aggregated results and month over month results to identify trends and thematic areas for review and deep dives
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework

This role requires an energetic self-starter that can liaise with stakeholders across business units and federation teams both regionally and globally. Familiarity with the concepts of operational risk, the firm's process flows and control environment combined with strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role.

Qualifications:

• Bachelor's degree and 5+ years of relevant experience working in operational risk, relevant revenue generating division, or a control function (e.g., Credit Risk, Compliance, Operational Risk, Finance/Controllers or Audit)
• Strong verbal and written communication skills
• The ability to present with impact and build consensus across senior stakeholder groups
• Ability to work in a fast paced environment with a focus on delivery
• Strong organizational skills (project management experience a plus)
• Proficiency in Excel, PowerPoint, and SharePoint - Tableau & SQL are a plus
• Experience implementing and/or managing a Change Management framework
• Familiarity with enterprise risk management best-practices and controls
• Quick learner who can thrive working as part as a cross-regional team and individually

Preferred:

• Experience developing data driven monitoring and testing programs
• Risk assessment experience for change management and process design
• Experience with GRC platform support and development

ABOUT GOLDMAN SACHS

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