Associate Operational Risk Vendor Specialist/Vice President Associate Operational Risk Vendor Specialist/Vice  …

The Goldman Sachs Group, Inc.
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
The Goldman Sachs Group, Inc.
in Dallas, TX, United States
Permanent, Full time
Be the first to apply
Competitive
Associate Operational Risk Vendor Specialist/Vice President
Careers Center Risk, Operational Risk, Vendor Specialist, Associate/VP, Dallas in Dallas, Texas | Careers at 0001 012 K316 0000|Risk Division|Operational Risk|Operational Risk|Risk Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Returning Candidate?
  • Risk, Operational Risk, Vendor Specialist, Associate/VP, Dallas Location(s) US-TX-Dallas Job ID 2019-54134 Schedule Type Full Time Level Associate Function(s) Risk Management Region Americas Division Risk Business Unit Operational Risk Employment Type Employee
  • MORE ABOUT THIS JOB

    RISK

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

     

    The Operational Risk Management and Analysis (ORMA) Department, an independent risk management function, is responsible for developing and implementing a standardized framework to identify, measure, and monitor and operational risk across the firm. 

     

    The ORMA Specialist team is comprised of experts who focus on a set of Firmwide risk domains that cover a subset of the firm’s top operational risks exposures. The Specialists are responsible for developing and maintaining an effective second line risk oversight program for these domains and for providing challenge to the first line. These are achieved through risk assessments, risk hunting, metrics and governance processes.

     

    The Specialist in Vendor Management role requires a professional with subject matter expertise in vendor risk management and oversight. This role will be responsible to define and implement programs that assess the effectiveness of controls related to vendor management. The candidate must be an energetic self-starter who can interact with senior business representatives, divisional risk teams as well as vendors.

     

    This role requires an energetic self-starter with a commitment to improving risk management practices.

    RESPONSIBILITIES AND QUALIFICATIONS

    Responsibilities

    • Developing and implementing a firmwide vendor risk management framework and approach and ensuring process adherence
    • Devising innovative risk management solutions with robust metrics and risk indicators (KPIs/KRIs) to indicate areas of increasing risk/dependencies
    • Proactively identifying trends or developments that may materially impact vendor risk threshold
    • Risk hunting and identifying risks  across vendor portfolio to challenge and identify areas where risk profile can be reduced through analysis
    • Monitoring exiting risk appetite, escalating threshold breaches as per standard processes
    • Reporting control weaknesses and emerging risks based on internal or external incidents
    • Performing risk assessments across vendor management and risk partner activities and the related business flows, controls and components used to conduct oversight
    • Assessing policies and procedures used to govern and manage vendor risks
    • Adhering strictly to compliance and operational risk controls in accordance with company and regulatory standards, policies, and practices

    Qualifications 

    • Experience in conducting risk reviews and assessments
    • Hands-on exposure to vendor risk management and oversight activities is preferable
    • Understanding of rules/regulations and appropriate control frameworks related to vendor management
    • Technical and quantitative aptitude and analytical skills to be able to identify and quantify operational risks and exposures
    • Strong relationship builder and is able to liaise across all levels of business and vendor teams, including senior management and governance structures, across all regions
    • Self-starter who can work independently and proactively with strong organizational skills and attention to detail
    • Strong verbal and written communication skills. Able to present with impact and influence.
    • Ability to challenge current thinking and suggest ideas of how to improve results
    • Strong project management and the ability to manage multiple assignments concurrently
    • Familiarity with enterprise risk management best-practices and controls
    • Possess a Bachelor's Degree
    ABOUT GOLDMAN SACHS

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

    © The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.

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