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Risk, Operational Risk - Operational Resilience, Associate, Frankfurt

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Goldman Sachs

Jul 18, 2024

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Frankfurt
Risk, Operational Risk - Operational Resilience, Associate, Frankfurt
Job Description

RISK

The Risk Division is a team of specialists charged with managing the firm's credit, market, liquidity, operational and capital risk. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance support, our work contributes directly to the firm's success. The division is ideal for collaborative individuals who have strong ethics and attention to detail.

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 Associate, Operational Resilience role is for a professional with subject matter expertise dedicated to actively employ and strengthen the components of the firm's operational risk management framework. This role will have responsibility to continuously identify, monitor, measure and assess the firm's global operational resilience landscape.

RESPONSIBILITIES
  • Understand the European regulatory authorities' approach to operational resilience, regional nuances and requirements, and integrate those expectations into the operational resilience framework
  • Support execution of the firm's Operational Resilience framework for the European legal entities of Goldman Sachs
  • Manage firmwide tests of recovery strategies to include home working environment, recovery site, and function handover.
  • Execute against resilience planning uplift activities to ensure they are executed on time and with the expected level of quality
  • Conduct analyses of the firm adherence to different regulatory requirements and frameworks for Operational Resilience
  • Support the establishment and maintenance of qualitative/quantitative operational resilience metrics for EMEA legal entities
  • Maintain ongoing monitor, triggers, escalation and mitigating actions of the relevant metrics
  • Identify and drive initiatives that improve the risk management activities at the firm
  • Be apprised of operational resilience events and data collection including reporting when necessary; perform detailed reviews of trends to identify significant risks and ensure monitoring and remediation
  • Prepare and present commercially effective strategies and present to Operational Risk senior management and business stakeholders

EXPERIENCE & QUALIFICATIONS REQUIRED
  • 3 to 5+ years of relevant experience
  • Understanding of key flows and functions of a global Investment Bank
  • Understanding of the resilience regulatory environment globally with focus in the European Union and Switzerland, including Digital Operational Resilience Act requirements
  • Experience in setting strategy and working with cross organization working groups to implement strategy
  • Strong client / stakeholder management skills with strong interpersonal skills, both verbal and written
  • Ability to work in a fast paced environment with a strong delivery focus

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

© The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
Job ID 300007956387159

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

Goldman Sachs is a global investment banking, securities, and investment management firm. They offer a range of financial services to corporations, financial institutions, governments, and individuals. Goldman Sachs' primary activities include investment banking, asset management, securities trading, and providing advisory services. Their ultimate mission is to be a leading global financial institution, providing superior financial expertise and solutions to their clients. The purpose of Goldman Sachs is to help their clients achieve their financial goals, manage risk, and navigate complex markets. They aim to drive economic growth, foster innovation, and create long-term value for their clients, shareholders, and the communities they operate in. Goldman Sachs is committed to upholding the highest standards of integrity, professionalism, and client service, serving as a trusted partner and advisor in the world of finance.

Culture & Values

  • Partnership

    We prioritize collaboration and believe in the strength of the collective, creating a culture that fosters teamwork and belonging in the pursuit of professional and personal growth.

  • Client Service

    We lead with a service mindset, working to earn our clients’ trust and exceed their expectations by understanding and overdelivering on their goals.

  • Integrity

    We hold ourselves accountable to the highest ethical standards, insisting on transparency and vigilance from our people as we learn from our experiences and make decisions that instill a sense of pride in our firm.

  • Excellence

    We aspire to nothing less than excellence, striving for exceptional performance and superior results for our clients, our shareholders, and our communities.

Benefits

  • Holiday and Vacation Policies

    We offer competitive vacation policies based on employee level and office location. This is in addition to any number of statutory and public holidays as determined by each office. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

  • Financial Wellness & Retirement

    The firm provides a number of resources and offerings designed to help our employees achieve their personal financial goals. We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities — from buying a home, to navigating market volatility and investments, legacy and estate planning, tax strategies, and will preparation.

  • Health Services

    We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

  • Childcare / Family Care

    In some offices, we offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

  • Flexible Working

    Based on manager approval, the following arrangements may be available to help employees meet their personal and family responsibilities: part-time schedules, job sharing, telecommuting, and alternate hours.

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