Associate, Operational Risk

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