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Risk-Bengaluru-Vice President-Operational Risk

Goldman Sachs

Goldman Sachs

Bengaluru, Karnataka, India
Posted on Thursday, June 6, 2024

Job Description

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

Organization: Risk Division, Operational Risk

Team / Role: Operational Resilience (Oversight & Challenge)

Level/Location: Vice President, Bengaluru

The Operational Risk Department at Goldman Sachs is an independent risk management function responsible for developing and implementing a standardized framework to identify, measure, and monitor operational risk across the firm.

This Vice President Operational Resilience (Oversight & Challenge) role is for a subject matter expert dedicated to actively employ and strengthen the components of the firm’s operational risk management framework. This role will be responsible to continuously identify, monitor, measure and assess the firm’s global operational resilience landscape. This specific role is focused on oversight and challenge of the technology resilience framework and programs.

Responsibilities:

  • Assist in the development, implementation, and maintenance of the firm’s global operational resilience framework (policies, governance and minimum standards) to ensure a front-to-back approach to operational readiness and response to business disruption events
  • Understand the global regulatory authorities’ approach to operational resilience, regional nuances and requirements, and integrate those expectations into the operational resilience framework
  • Engage and liaise with regulators and internal audit on the operational resilience framework and support responses to requests/exams
  • Utilise networks with peer firms to understand industry opinion and implementation of the operational resilience framework
  • Engage and liaise with internal stakeholder groups (HCM, CWS, OGS, Operations, Engineering, Operational Risk, etc.) that have oversight of processes relevant to the firm’s operational resilience approach which is to prevent, protect, respond and adopt/learn from disruptive events
  • Be apprised of operational resilience events and data collection including reporting when necessary; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation
  • Participate in new activity review and ensure resilience risks arising from new products and/or business, migrations, etc. are properly considered
  • Create and present divisional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team
  • Assist in developing a strategic second line oversight and challenge of the operational resilience framework at the asset level (technology, people, facilities, third party, data)
  • Develop and enhance the strategic second line oversight and challenge of the operational resilience framework with focus on the technology asset (applications, data centers, networks, cloud, testing programs, cyber, eTrading, etc)
  • Assist in developing a strategic second line oversight and challenge of the operational resilience framework at the framework element level (metrics, crisis management, incident management, BCP, risks & controls, taxonomy, issue management, etc)
  • Manage strategic planning uplift activities to ensure they are executed on time and with the expected level of quality


Qualifications

  • 10+ years of relevant experience
  • 4+ years of experience with technology risk and resilience framework and programs in a first line or second line capacity
  • Understanding of key flows and functions of a global Investment Bank
  • Strong client / stakeholder management skills with strong interpersonal and presentation skills, both verbal and written
  • Ability to adapt verbal and written communication to audience depending on seniority and messaging
  • Project management skills, including monitoring and reporting project performance
  • Ability to work in a fast paced environment with a strong delivery focus
  • Ability to work in a team environment and knowledge share with other colleagues within team, and support team members’ development
  • Strong drive and sense of self-initiative
  • Possess a Bachelor's or equivalent degree

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html


© The Goldman Sachs Group, Inc., 2023. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity