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GOLDMAN SACHS ASSET MANAGEMENT

A career with Goldman Sachs Asset Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities while collaborating with talented colleagues from all asset classes and regions and building meaningful relationships with your clients. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As primary investment area within Goldman Sachs, we provide investment and advisory services for pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors, and individuals.

Asset Management Operational Risk Team

Asset Management (AM) Operational Risk performs an independent risk management function within the AWM Division. The team is responsible for developing and implementing a standardized framework to identify, monitor, and mitigate operational risk across Asset Management.

The team partners with COOs and Business, Operations, and Engineering leaders across Asset Management to identify and mitigate key risks which could have financial, regulatory, or reputational impact. The Operational Risk team also coordinates critical control and assessment activities to ensure the overall control environment is designed and operating effectively. This includes key focus areas such as SOX/RCSA, trading supervisory oversight, operational resilience, incident management, important business services, vendor risk management and coordination of the SOC1 reports audits.The team operates independently of the portfolio management teams and reports to the AWM Chief Risk Officer.

Primary Responsibilities

  • Work with first line process owners to develop day to day risk management best practices which limit the divisions exposure to several types of operational risk.
  • Facilitate operational risk event data collection and perform detailed reviews of trends to identify significant risks and ensure appropriate remediationis implemented.
  • Administer the divisional risk and control self-assessment (RCSA)
  • Work closely with Business Continuity Plan (BCP) Owners and Coordinators to establish, maintain and certify their BCPs.
  • Manage supervisory controls through the Supervisory Workstation for Asset Management.
  • Partner with businesses and external auditors to coordinate activities for the annual SOC1 reports.
  • Provide transparency to Asset Management senior leadership through the identification and analysis of thematic risks.
  • Engage with prospective and current clients on the divisions operational risk program.
  • Partner with other Divisions, such Compliance, Legal, Risk, Controllers and Internal Audit to ensure operational risks are mitigated and respond to requests from various global regulators.
  • Contribute to the advancement of firmwide operational risk methods and practices and the operational risk management framework.
  • Drive projects improving processes and tools supporting the operational risk framework.

Skills & Experience

This role requires an energetic self-starter that can liaise withstakeholders across business units and teams both regionally and globally of varying seniority.Familiarity with the concepts of operational risk, the asset management product lifecycle and control environment, combined with strong interpersonal and problem-solving skills are necessary forthis role.

Qualifications

  • Bachelor's degree and 1+ 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, Audit or 2nd line risk).
  • Strong control mindset with a passion for risk management.
  • Excellent communication skills to clearly articulate issues and concepts to varying stakeholder groups.
  • Ability to collaborate with a global team in a fast-paced delivery focused environment.
  • Effective time management and organizational skillset.
  • Proficiency in the Microsoft Office suite - Tableau & SQL are a plus.