Global Banking & Markets, Third-Party Strategy & Risk Management, Associate - Salt Lake City

 WHO WE ARE 

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong, India and other major financial centers around the world. 

GLOBAL BANKING & 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 that includes individuals who have a passion for the markets and who thrive in fast-paced, changing environments and are energized by a bustling trading floor. At Goldman Sachs, our culture is one of teamwork, innovation, and meritocracy. We often say our people are our greatest asset and we take pride in supporting each colleague both professionally and personally. From collaborative workspaces and ergonomic services to wellbeing and resilience offerings, we offer our professionals the flexibility and support they need to reach their goals in and outside the office. 

The Role & 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 First line Risk Management team within the Global Banking and Markets (GBM) Division. In this role, you would partner with front to back business units supporting our client franchise to manage and improve our operational risk & resilience, particularly related to Third-Party Risk Profile. Your opportunity for high visibility impact includes analyzing the key risks and controls managed by GBM, applying risk management tools to monitor and communicate to the leadership group on these risks, associated remediation plans, and sharing best practices to continuously improve Risk management culture and the control environment. 

OUR IMPACT 

The GBM Third Party Risk Management & Strategy team within GBM oversees the control framework and guides GS managers implement oversight on a broad spectrum of processes managed by Third Parties. The Risk Control position in GBM Third Party Risk Management & Strategy team provides an opportunity for a dynamic and risk-aware individual to take part in shaping GBM’s Third Party control framework related to a broad spectrum of firm policies and processes. The role is part of a team responsible for overseeing aspects of Risk Management, Policy Implementation, Quality Assurance, Audit facilitation and relative analytics for the GBM teams. The successful candidate will be able to exercise independent judgment, discretion, and decision-making.

HOW YOU WILL FULFILL YOUR POTENTIAL 

• Supporting the divisions to ensure compliance with the firms Vendor Management (VM) programs 
• Independently leading discussions with stakeholders across the organization (e.g. compliance, technology) and with external vendors 
• Responsible for Performance monitoring and reporting to divisional stakeholders on VM activities, including outstanding risks and ongoing initiatives using Metrics and Reports 
• Performing Independent assessments (IA) of design and effectiveness of process controls using qualitative & quantitative evidence 
• Analyse data obtained to highlight concerns and produce high quality materials suitable for presentation to all levels of stakeholders 
• Equipping Vendor Relationship Owners with skills, training, and awareness on their roles particularly focusing on Quality Assurance (QA) 
• Acts as a culture carrier by embedding in the team or region; propagates a risk mind-set and awareness of Operational Risk 
• Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders 
• Strong knowledge of information security technologies such as identity and access management, Encryption and multi factor authentication, penetration test and patch management 
• Work with technology and business teams to develop and implement risk treatment plans, including recommendations and options for risk avoidance, risk mitigation, risk transfer and risk acceptance, in line with the enterprise risk appetite 
• Experience completing control reviews, risk assessments, scenario analysis, incident / event post-mortems assessment and other similar assessment methodologies 

 

SKILLS & EXPERIENCE WE’RE LOOKING FOR 

BASIC QUALIFICATIONS 

This role requires an energetic sel