Sr. Operational Risk Capital-Data Analytics and Insights, Risk Engineering

What We Do:

The Risk Division identifies, anticipates, measures and mitigates - whenever appropriate - the diverse array of risks that the firm faces in serving clients and operating its global businesses.

Risk professionals focus on giving the firm clarity on the risk profile of our activities and devise strategies to protect the firm's ability to serve our clients as a leader in global financial markets. Teams play a critical function for the firm, driving how the firm takes and manages risk. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

Within the Risk division, the Risk Engineering (RE) department's mandate is to provide robust metrics, data-driven insights, and effective technologies for best-in-class risk management. We are at the forefront of the most recent engineering solutions, including data and analytical solutions to efficiently produce timely and insightful risk analysis.

OUR Impact:

Analytics & Reporting (A&R) within RE is responsible for reviewing, publishing, interpreting and communicating the Firm's independent and authoritative risk and capital measures. This includes understanding financial/non-financial risk by analyzing risk and capital metrics to evaluate, explain and justify features and emerging trends observed in the Firm's risk data.

A&R professionals answer real-world questions through a variety of quantitative and qualitative methods as part of the core value proposition of the Risk division which balances our key functional responsibility of control with that of being commercial. The team is at the cutting edge of our businesses, with strong traditions of risk management, engineering excellence, client service and career development opportunities for our people.

YOUR Impact:

We are seeking a VP-level candidate to join the A&R - Capital and Financial Reporting team. The successful candidate will be an integral part of a pan-risk team responsible for the calculation and analysis of capital metrics and stress test results, with a focus on the delivery of operational risk components of the Comprehensive Capital Analysis and Review (CCAR) exercise, calculation and reporting of operational RWA, and participation in other regulatory and internal stress test exercises.

You will have the opportunity to work in a dynamic and highly creative teamwork and consensus-orientated environment and engage in critical risk management activities for the Firm. You will be exposed to industry leading market data and capital models, challenging quantitative problems, and a variety of stakeholders at senior levels of the Firm.

Responsibilities:

• Manage complex processes with multiple stakeholders, establish and communicate timelines to achieve timely completion of key regulatory deliverables and perform review and challenge to ensure high-quality output
• Liaise with groups such as Modelers/Strats, Controllers, Enterprise Risk, trading and investing businesses, Legal, Compliance, Model Risk Management and the Firm's Insurance group to gather inputs and understand and explain changes in the Firm's operational risk exposure
• Work with Operational Risk specialists in domains such as cyber risk and algorithmic trading risk who review risk and control self-assessment (RCSA) results and business environment and internal control factors (BEICFs) and facilitate workshops with trading and investing businesses to inform scenario analysis used to measure risk
• Identify areas of potential improvement and interpret the results of sensitivity analysis to fine-tune methodologies and assumptions and achieve the appropriate balance of conservativeness and commerciality
• Work with Engineers to develop, test and integrate workflow enhancements to deliver automation, maximize efficiency, improve control and promote timeliness and accuracy
• Write and consolidate documentation owned by the department such as CCAR supporting documentation, and contribute to Firmwide documents such as the Firm's Capital Plan and legal entity Internal Capital Adequacy Assessment Process submissions (ICAAP)
• Present to and prepare materials for the Firm's internal governing bodies, including Risk Committees and executive members of the Firm
• Interact with the Firm's external governing bodies such as external regulators and industry bodies
• Improve and converge the activities of the A&R - Capital and Financial Reporting team by educating colleagues, applying methodologies and best practices to other risk disciplines and studying approaches used to measure other risks

Qualifications:

• Masters or Bachelors degree in a quantitative discipline such as financial engineering, economics, mathematics, physics, econometrics or engineering
• Experience of risk measurement, operational risk management and/or the delivery of regulatory projects involving multiple stakeholders
• Excellent written and verbal communication skills
• Desire and ability to create innovative solutions to commercial challenges
• Ability to work independently as well as thrive in a team environment
• Interest in finance

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

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