Risk, Operational Risk Consumer Deposits, Vice PresidentExecutive Director, Frankfurt
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Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Description
TEAM & ROLE OVERVIEW
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. Were 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 Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The Goldman Sachs Group Inc. 2023. All rights reserved.
RISK
Our Risk division develops comprehensive processes to monitor assess and manage the risk of expected and unexpected events that may have an adverse impact on the firm. 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.
Our Risk division develops comprehensive processes to monitor assess and manage the risk of expected and unexpected events that may have an adverse impact on the firm. 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.
TEAM & ROLE OVERVIEW
As a Vice President within the Operational Risk Management (ORM) division you will be responsible for the independent oversight review and challenge of the Consumer Deposits business. You will ensure that the operational risk profile of the Consumer deposit portfolio is managed within the risk appetite and in strict adherence to evolving regulatory standards.
This role requires a seasoned risk professional capable of navigating the complexities of a GSIB providing strategic partnership to the First Line of Defense (1LoD) while maintaining the independence necessary to provide robust challenge.
KEY RESPONSIBILITIES
- Risk Oversight & Challenge:Oversee operational risk framework within the second line of defense working closely with the first line stakeholders whilst providing robust and independent challenge ensuring that key operational risks (e.g. processing errors fraud and system failures) are accurately identified and mitigated.
- New Product Approval:Act as the primary risk stakeholder for the launch of new deposit products or digital banking features in the European market ensuring that operational risks are assessed and mitigated prior to market entry in accordance with EBA Product Oversight and Governance (POG) requirements.
- Risk & Control Self-Assessment (RCSA):Conduct assessments to monitor challenge and ensure the risk and control self -assessment (RCSA) and tail scenarios remain accurately assessed and current
- Event Management & Remediation:Facilitate operational risk event management framework and data collection including detailed reviews of significant events to ensure appropriate remediation plans are implemented and identification of trends to identify significant or emerging risks.
- Scenario Analysis:Lead operational risk scenario analysis for the consumer business. Ensure alignment with Supervisory Priorities and the Internal Capital Adequacy Assessment Process (ICAAP).
- Operational Resilience:Partner with the Digital Operational Resilience team to ensure the deposits platform complies with theDigital Operational Resilience Act (DORA) and EBA Guidelines on ICT and Security Risk Management.
- Stakeholder Management:Present independent risk assessments and Key Risk Indicators (KRIs) to relevant Risk Committees and Senior Management. Foster a strong risk culture across the consumer banking footprint.
- Management and Operational Risk Reporting: Lead the implementation of enhanced reporting requirements and act as a key point of contact for operational risk queries. Support in preparing management information reports/presentations to ensure that management has the relevant information needed to support operational and strategic decision-making.
- Monitor compliance with internal (Policies Standards) and external (Regulations) requirements
- Engage with stakeholders within the consumer business on effective review and challenge of issue management throughout the issues lifecycle
REQUIRED EXPERIENCE & QUALIFICATIONS
- Experience: Bachelors degree and 10 years of relevant experience working in operational risk or a control function (e.g. Compliance or Audit)within a large-scale financial institution.
- Product & Regulatory Expertise: Deep understanding of the consumer deposits products payment systems digital banking platforms and associated regulatory landscape. Communication: Exceptional influencing skills with the ability to deliver difficult messages and solutions to senior business leadersthrough concise and clear messaging and ability to present with impact and build consensus across senior stakeholder groups
- Analytical Skills: Proficiency in data-driven risk management and ability to interpret complex datasets to identify emerging risk trends.
- Technical Proficiency: Experience with GRC (Governance Risk and Compliance) tools and software and user experience with data visualization tools (e.g. Tableau PowerBI) to monitor and report on risk trends.
- Mindset: A quick learner who thrives in a fast-paced cross-regional team environment with a focus on delivery and problem-solving.
- Ability to work at all levels of the firm in a fast-paced environment with a focus on delivery
- Strong interpersonal and analytical skills and a penchant for problem solving are necessary for this role.
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. Were 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 Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: The Goldman Sachs Group Inc. 2023. All rights reserved.
Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race color religion sex national origin age veterans status disability or any other characteristic protected by applicable law.
Required Experience:
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Key Skills
About Company
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and asset and wealth management firm that provides a wide range of financial services.
