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..

THE ROLE & RESPONSIBILITIES

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 be responsible 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, with a specific focus on the Digital Operational Resilience Act (DORA) and support integrating those expectations into the operational resilience framework Support the ICT Risk Control Officer function in overseeing the ICT Risk Management Framework (RMF) and in creating the annual ICT RMF review report Support execution of the firm’s Operational Resilience framework for the European legal entities of Goldman Sachs Conduct quality assurance checks on Business Continuity Plans (BCPs) to ensure adherence to established standards and regulatory requirements Manage firmwide tests of recovery strategies encompassing home working environment, recovery site, and function handover. Support resilience planning uplift activities to ensure they are executed on time against regulatory deadlines and with the expected level of quality Support the establishment and maintenance of qualitative and quantitative operational resilience metrics, monitoring triggers, escalations, and mitigating actions Analyze the firm’s adherence to various regulatory requirements and frameworks for Operational Resilience Support preparation of materials for regulatory deliverables and internal/external audits related to Operational Resilience Monitor operational resilience events and data collection including reporting when necessary; conduct detailed reviews of trends to identify significant risks and ensure monitoring and remediation Identify and drive initiatives that improve the operational risk management activities at the firm Prepare and present commercially effective strategies to Operational Risk senior management and business stakeholders

EXPERIENCE & SKILLS REQUIRED

3 to 5+ years of relevant experience Understanding of key flows and functions of a global Investment Bank Understanding of the operational resilience regulatory environment globally with focus in the European Union and Switzerland, including Digital Operational Resilience Act (DORA) requirements Experience in Business Continuity Management Experience in Information Security Management will be a significant asset 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. 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. : https://www.goldmansachs.com/careers/footer/disability-statement.html



© 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.

We Offer Best-In-Class Benefits

Healthcare & Medical Insurance
We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.


Holiday & Vacation Policies
We offer competitive vacation policies based on employee level and office location. 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
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.


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.


Fitness
To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).


Child Care & Family Care
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.


Benefits at Goldman Sachs
Read more about the full suite of class-leading benefits our firm has to offer.



Opportunity Overview
CORPORATE TITLE
Associate
OFFICE LOCATION(S)
Frankfurt
JOB FUNCTION
Operational Risk
DIVISION
Risk Division