Job Information
GOLDMAN, SACHS & CO. Risk, Operational Risk, Vendor Technology Risk, Associate, S in SALT LAKE CITY, Utah
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 Operational Risk, Third Party Risk, role is for a professional with subject matter expertise dedicated to strengthening the components of the firm's operational risk management framework relating to Third Party Risk management such that supply chain security is well-understood and the right mitigation actions are in place. This role will be responsible to continuously identify, monitor, measure, and assess operational risk for Third Party Risk with a focus on Vendor Technology Risk, Risk and Control Self-Assessment, procedures and governance, and escalation across the Firm. Responsibilities: * Identify, monitor, and analyze operational risks arising from engagements with Third Parties such as supply chain security, vendor due diligence, and monitoring. * Develop evidence-based challenges focused on improving Third Party Risk self- assessment and documentation. * Develop, monitor and report metrics to measure adherence to Third Party Risk standards such as due diligence metrics, indicators related to ongoing monitoring and other phases of vendor lifecycle. * Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk taking trends through bespoke metrics at firmwide and divisional/sub-divisional levels, escalating concerns to senior management. * Monitor the key control inventory for critical data and challenge the absence of controls and/ or controls not adhering to defined control standards. * Conduct scenario analysis by working with stakeholders to develop plausible tail risk scenarios used in quantifying specific businesses exposure to potential risk. * Facilitate operational risk event and data collection; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation. * Review New Activities and ensure data related operational risks arising from acquisitions, new products and/or business, and migrations, etc. are carefully considered. * Contribute to divisional and functional risk profile assessments by highlighting risk issues and trends to senior divisional managers and senior Operational Risk management team. * Conduct quarterly triggered assessments for the division to ensure the divisions risk and control self -assessment outcomes are consistent, credible, and underpinned by appropriate evidence. * Remain current on business drivers, regulatory and industry changes impacting the firm's data governance activities and obligations. * Contribute to the advancement of operational risk methods and practices and the operational risk management framework. * Identify and drive initiatives that improve the risk management activities at the firm. * This role requires an energetic self-starter that can liaise with Engineering teams and divisions both regionally and globally. Experience and knowledge in a regulated enterprise network, preferably financial institution's technology infrastructure/supply chain security and Third Party Risk Management are required together with strong interpersonal and analytical skills for this role. Qualifications * Strong business acumen with understanding of Third Party Risk management and Information Security processes or strong grounding in operational risks and business flows. * 3+ years of relevant experience, which could include working in operational risk, Third Party Risk Management or Information Security in engineering/finance/risk divisions of financial institutions or... For full info follow application link.
The Goldman Sachs Group, Inc., 2018. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.
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