Risk, Operational Risk - Global Banking & Markets, Associate, Paris

RISK

Risk identifies, monitors, evaluates, and manages the firm's financial and non-financial risks in support of the firm's Risk Appetite Statement and the firm's strategic plan. Operating in a fast paced and dynamic environment and utilizing the best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude to challenge, and an unwavering commitment to excellence.

OPERATIONAL RISK

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 role within the Operational Risk Coverage team is dedicated to second line oversight of the Global Banking and Markets segment. This includes trading functions as well as classic investment banking activity.

• Facilitate operational risk event management framework and data collection, including the detailed reviews of significant events to ensure remediation plans are appropriate and implemented as agreed.
• Analyze trends in data, such as internal and external events, to identify key and emerging risks.
• Review and evaluate new business initiatives and firm acquisitions proposed by Global Banking and Markets to assess risk posture and drive independent challenge
• Develop product and transaction knowledge to challenge the businesses risk and control self-assessment (RCSA)
• Leverage basic financial models to quantify loss projections used for stress testing assessments
• Collaborate with cross-functional teams to develop metrics which quantify divisions exposure in various risk types
• Contribute to the advancement of operational risk methods and practices and the operational risk management framework.
• Provide regular reporting and presentations to senior management and business leaders

• Between 3-6 years of experience within a similar role
• Technical and quantitative aptitude - the ability to understand and determine quantification of operational risks.
• Basic understanding of the products offered by Global Banking and Markets
• Familiarity with regulatory frameworks
• Ability to work in a fast-paced environment
• Strong verbal and written communication skills - able to present with impact and influence.
• Self-starter, continuous learner, proactive, independent, proven delivery track record
• Ability to handle and analyze large sets of data.
• Strong organizational skills (project management experience a plus)
• Attention to detail.
• Team oriented, inquisitive and enthusiastic.