Who we are
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, India and other major financial centers around the world.
 

Global Banking & Markets
Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. At Goldman Sachs, our culture is one of teamwork, innovation, and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our professionals the flexibility and support they need to reach their goals in and outside the office.
 

The role and your impact

Do you have a deep subject matter expertise and a passion for risk management? We’re looking for a professional to join our First line Risk Management team within the Global Banking and Markets (GBM) Division. In this role, you would partner with front to back business units supporting our client franchise to manage and improve our operational risk & resilience, particularly related to Third-Party Risk Profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by GBM, applying risk management tools to monitor and communicate to the leadership group on these risks, associated remediation plans, and sharing best practices to continuously improve Risk management culture and the control environment.
 

Our Impact
The GBM Third Party Risk Management & Strategy team within GBM oversees the control framework and guides GS managers implement oversight on a broad spectrum of processes managed by Third Parties. The Risk Control position in GBM Third Party Risk Management & Strategy team provides an opportunity for a dynamic and risk-aware individual to take part in shaping GBM’s Third Party control framework related to a broad spectrum of firm policies and processes. The role is part of a team responsible for overseeing aspects of Risk Management, Policy Implementation, Quality Assurance, Audit facilitation and relative analytics for the GBM teams. The successful candidate will be able to exercise independent judgment, discretion, and decision-making.
 

HOW YOU WILL FULFILL YOUR POTENTIAL
• Manage strategic third-party relationships including governance, performance and “issue management” across multiple stakeholders
• Conducting Quality Check Assurance around Vendors Management space to determine accuracy levels, gaps and open risk - Implementing corrective and preventive measures
• Equipping Vendor Relationship Owners with skills, training, and awareness on their roles
• Liaising with Senior stakeholders across multiple divisions, representing team in working group/forums and driving initiatives related to Third Party Risk Management
• Advises, challenges, and informs the businesses on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
• Acts as a culture carrier by embedding in the team or region; propagates a risk mind-set and awareness of Operational Risk
• Leading regular risk meetings, partnering with the business lines to understand the residual risks that exist after issues are raised and engage across the front to back to remediate/apply lessons learned to improve our risk and control framework
• Implement quality assurance and testing approaches for vendor engagements by understanding the procedures, doing quality checks for balancing risk and control
• Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders

 

BASIC QUALIFICATIONS
This role requires an energetic self-starter that can liaise across Global Banking and Markets both regionally and globally. Solid understanding of the global markets franchise offered by the firm and experience within a risk management context are required. Strong interpersonal and analytical skills along with an interest in the broader control environment within financial services are essential to succeed in this role.
• 8+ years’ risk and governance experience in a business / Non-Financial Risk management/Third Party Risk Management within Financial industry pertaining to vendor services/ applications and trading platforms
• Hands on experience in conducting QA/ Internal Audits/Regulatory Exams/SOX certifications related to Third party vendors of business functions/ processes
• A deep understanding of the different risk domains pertaining to third parties (e.g., Information/ Cyber Security, Cloud concepts, Privacy, Compliance, BCP etc.) and their unique requirements
• Strong control mindset with a passion for risk management
• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking and Markets stakeholders
• Strong analytical skills with an ability to understand complex workflows, and excellent attention to detail using metrics to identify trends and themes.
• Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenging the status quo and continuously enhance the control environment. There is also opportunity within the role to learn and apply advanced analytics software to develop low code risk management solutions.
• Sound time management skills to be able to effectively prioritize competing priorities
• Drive and motivation to improve personal performance, broaden knowledge, work intensely towards extremely challenging goals and persist in the face of obstacles or setbacks
• Good interpersonal and teamwork skills to collaborate as a global team and build strong relationship with key stakeholders across Divisions.
• Keeps current with emerging business, economic and market trends
• Leadership skills and prior team management experience