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Global Markets Division - Operational Risk (Embedded Risk Manager) - Associate - Warsaw

Goldman Sachs
Warsaw, Poland
Posted 5 days ago Permanent Competitive
Global Markets Division - Operational Risk (Embedded Risk Manager) - Associate - Warsaw
GLOBAL MARKETS

Our core value is building strong relationships with our institutional clients, which include corporations, financial service providers, and fund managers. We help them buy and sell financial products on exchanges around the world, raise funding, and manage risk. This is a dynamic, entrepreneurial team with a passion for the markets, with individuals who thrive in fast-paced, changing environments and are energized by a bustling trading floor.
YOUR IMPACT
Do you have a deep subject matter expertise and a passion for risk management? We're looking for a professional to join our Embedded Risk Management (ERM) team within the Global Markets (GM) area. In this role, you would partner with one or more Business Franchise and Operations teams to manage and improve our operational risk profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by Global Markets teams, applying risk management tools to monitor and communicate to the leadership group these risks and associated remediation plans, and sharing best practices to continuously improve risk management culture and the control environment across the business and operations functions.
OUR IMPACT - GLOBAL MARKETS OPERATIONS
Our team of risk specialists is aligned with our Equities and FICC sales and trading groups to deliver an integrated approach to serving our global client franchise. The ERM employs the components of the Firmwide and Operations Risk Management Framework to continuously measure and assess levels of risk for existing/new processes for the businesses which we support. In addition to being affiliated with specific product and/or functional areas, ERM partners with the Global Markets Operating Risk (GMOR) and Operations Risk Management (ORM) organisations in order to improve consistency of risk measure and assessment practices.
HOW YOU WILL FULFILL YOUR POTENTIAL
  • Advise, challenges, informs the line teams on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
  • Acts as a culture carrier by embedding in the team or region; propagates a risk mind-set and awareness of the Risk Framework amongst staff
  • Identifies ways to share risk best practice across teams and functions, and with other business lines where processes exist/there is exposure to similar risk
  • Run regular risk meetings to review exception landscape across your business units, ask probing questions to establish potential market, client, and other risks which may be contained within our workflows
  • Be comfortable leading co-ordination across teams during market events to manage information exchange and tri-age emerging risk
  • Challenge the status quo - challenge the risk and control framework to further enhance the control environment. Work outside business unit and Divisional boundaries to manage and improve the risk profile commercially
  • Partner with the business lines to understand the residual risks that exist after issues are resolved and engage with Engineering and cross asset teams to apply lessons learned to improve our risk and control framework
  • Risk Analysis - work with regional and functional Operations groups to develop key risk indicators which can be used to monitor operational risk. Use these to drive the risk agenda with the leadership group, highlight areas of concerns and partner with line managers to develop, execute and monitor progress on remediation plans
  • Risk & Control Self-Assessment (RCSA) - work with line managers in ensuring the quarterly RCSA risk and control review accurately reflects the current risk environment and quality of operational controls. During these reviews, define thematic RCSA issues to help structure remediation plans regarding significant open risks or control deficiencies
  • Work closely with other risk managers across locations supporting the business franchise, Operations and Engineering to share key initiatives and develop integrated risk solutions
SKILLS & EXPERIENCE WE'RE LOOKING FOR
BASIC QUALIFICATIONS
This role requires an energetic self-starter that can liaise with various Global Markets and Operations teams both regionally and globally. Solid understanding of the global markets franchise offered by the Firm and experience within a risk management context are required. Strong interpersonal and analytical skills along with an interest in the broader control environment within financial services are essential to succeed in this role.
  • Strong control mindset with a passion for risk management
  • Excellent communication skills to clearly articulate issues and ideas with different levels across Global Markets and Operations stakeholders
  • Strong analytical skills with an ability to understand complex workflows, and excellent attention to details
  • Innovative, including a keen eye for identifying areas of control enhancements and automation which have practical value. Good influencing skills to challenging the status quo and continuously enhance the control environment. There is also opportunity within the role to learn and apply advanced analytics software to develop low code risk management solutions
  • Ability to perform data analytics using metrics to identify trends and themes
  • Sound time management skills to be able to effectively prioritize and multi-task
  • Drive and motivation to improve personal performance, broaden knowledge, work intensely towards extremely challenging goals and persist in the face of obstacles or setbacks
  • Good interpersonal and teamwork skills to collaborate as a global team and build strong relationship with key stakeholders across Divisions
  • Keeps current with emerging business, economic and market trends
PREFERRED QUALIFICATIONS
  • Solid knowledge & experience in the Financial Industry
  • Practical experience working with Operations, sales and trading
  • Project management skills

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., 2022. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Job ID  300001594407150
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