JOB TITLE: Associate, Operational Risk
ENTITY: Goldman Sachs & Co. LLC
DIVISION: Risk Division
JOB LOCATION: 717 North Harwood Street, Dallas, TX 75201
Number of direct reports: None
JOB DUTIES:
· Identify, monitor, and analyze operational risks arising from data management practices such as prioritization of critical data, cataloguing of data lineage, data sourcing contracts, data governance standards, data quality controls and data quality monitoring
· Develop evidence-based challenges and recommendations to improve data management operations and reduce operational risk
· Develop, monitor and report metrics to measure adherence to data management standards, such as ownership, authoritative data sourcing and data quality controls
· Propose qualitative and quantitative operational risk appetite/tolerance and monitor risk-taking trends through bespoke metrics.
· Monitor the key control inventory for critical data, challenging the absent or non-compliant controls and ensure alignment with defined standards
· Conduct scenario analysis by working with stakeholders to develop plausible tail risk scenarios used in quantifying specific businesses exposure to potential risk
· 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 to ensure the divisional 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
MINIMUM EDUCATION REQUIREMENTS/DEGREE AND FIELD:
Master’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and one (1) of experience in the job offered or in a related role.
OR
Bachelor’s degree (U.S. or foreign equivalent) in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or a related field and three (3) years of experience in the job offered or in a related role.
SPECIAL SKILLS AND/OR LICENSES REQUIRED TO PERFORM THE JOB:
Prior experience must include two (2) years with Master’s degree or four (4) years in the following:
· Regulatory Compliance and Business Law
· Corporate Governance and Risk Management
· Finance and Financial Products
· Operational Process Analysis
· Management and Stakeholder Communication
· Project Management
No license/travel/foreign language requirement
Skills Required
- Master's degree in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or related field and one (1) year of experience in the job offered or a related role
- Bachelor's degree in Finance, Economics, Business Administration, Computer Science, Accounting, Law, or related field and three (3) years of experience in the job offered or a related role
- Prior experience in Regulatory Compliance and Business Law (two years with Master's or four years total)
- Prior experience in Corporate Governance and Risk Management (two years with Master's or four years total)
- Prior experience in Finance and Financial Products (two years with Master's or four years total)
- Prior experience in Operational Process Analysis (two years with Master's or four years total)
- Prior experience in Management and Stakeholder Communication (two years with Master's or four years total)
- Prior experience in Project Management (two years with Master's or four years total)
Goldman Sachs Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Goldman Sachs and has not been reviewed or approved by Goldman Sachs.
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Healthcare Strength — Coverage includes medical, dental, vision, disability, life and accident insurance, with multiple plan options and most premiums subsidized; coverage often starts on day one. Wellness resources, on-site health centers in some locations, and EAP access reinforce the depth of health support.
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Parental & Family Support — Family care includes on-site childcare in some offices, expectant parent resources, and transitional programs for returning parents. Feedback suggests parental leave is very generous, with reports of around 20 weeks paid leave and stipends for adoption, surrogacy, and fertility-related services.
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Retirement Support — The firm provides a 401(k) plan with employer matching contributions and broad financial education to help employees plan for retirement. Resources also support saving for education and preparing for unexpected events.
Goldman Sachs Insights
What We Do
At Goldman Sachs, we believe progress is everyone’s business. That’s why we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices in all major financial centers around the world. More about our company can be found at www.goldmansachs.com
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