Operations - Operations Risk Management - Risk Management - Control Assurance Team - Vice President - Salt Lake City
Goldman Sachs USA
October 12, 2018
Salt Lake City, Utah
MORE ABOUT THIS JOB OUR IMPACT Operations is a dynamic, multi-faceted division that partners with all parts of the firm to deliver banking, sales and trading and asset management capabilities to clients around the world. In addition, Operations provides essential risk management and control to preserve the firm's assets and its reputation. For every trade agreed, every new product launched or market entered, every transaction completed, it is Operations that develops the processes and controls that makes business flow.
We are looking for an individual that exudes energy, curiosity, and enthusiasm to join the global Control Assurance team within the Operations division to conduct Control Assurance reviews of key Operations controls.
The Control Assurance team is a group within the Operations Risk Management (ORM) organization, comprised of individuals with varying backgrounds responsible for assessing the design and performance of the Risk and Control Self-Assessment (RCSA) ratings, and works with senior stakeholders to implement corrective actions. The team leverages its experience in financial products, operational functions, operational risk management, markets and regulations to conduct reviews across the Operations Division. The Control Assurance team, a sub-group of ORM, focuses on performing risk reviews on various teams within Operations. The team performs many different types of reviews such as Process Deep Dive Reviews, Growth Office Reviews, Thematic Risk Reviews and Pre-Implementation Reviews. In addition, the team is primarily responsible for validating the Operations control ratings used for deriving the residual risks in the firm's RCSA.
This is an exciting opportunity for an individual to work within an international organization located in New York, Salt Lake City, Sao Paulo, London, Warsaw, Bengaluru, Tokyo, Singapore, and Hong Kong.
HOW YOU WILL FULFILL YOUR POTENTIAL
RESPONSIBILITIES AND QUALIFICATIONS We are looking for an experienced Operation's professional to work within the US ORM team. Responsibilities include the following:
Ensure that control ratings for control assessments performed in the Firm-wide Risk & Control Self-Assessment (RCSA) are reasonable and incorporated into the RCSA program as per the RCSA Standards
Assess the design and performance of Divisional key controls
Conduct deep dive risk reviews to identify new risks in Operations' processes for which there are currently no mitigating controls in place
Work with senior stakeholders to ensure risks, primarily those with the potential for broad applicability across the division, are effectively remediated
Develop strategy for control testing framework
Perform data analysis to identify patterns / trends and risk themes
Team with colleagues around the globe to share findings and refine processes
SKILLS & EXPERIENCE WE'RE LOOKING FOR BASIC QUALIFICATIONS
Knowledge of financial products, markets, and operational processes
Excellent interview, presentation and written communication skills
Strong time management and analytical skills
Knowledge of Microsoft Word, Excel, and PowerPoint is a must
Ability to meet tight deadlines while working on multiple tasks
Leverage strong communication skills to interact with various levels of stakeholders across Operations and externally in other Divisions
Auditing, testing, or regulatory/law experience
7+ years experience in the financial services industry, either working for another broker dealer, law firm, big 4 firm or regulator
Experience implementing Control Assurance framework
Understanding of information technology systems and standard system implementation methodologies
Project Management experience
Understanding of accounting
ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.