Vice President Operational Risk Jobs in Utah (NOW HIRING)

Risk, Operational Risk, Vice President, Salt Lake City location_on Salt Lake City, UT, United States

Opportunity Overview sitemap_outline CORPORATE TITLE Vice President language OFFICE LOCATION(S) Salt Lake City assignment JOB FUNCTION Operational Risk account_balance DIVISION Risk Division

Team:Transaction Execution and Processing Risk (TEPR)

Level/Location: Vice President, SLC

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.

Position Overview:

The TEPR team is a 2nd Line of Defense (2LoD) team with a focus on independently overseeing and challenging the execution & processing risks of transaction lifecycles of the Firm. We are seeking a Vice President of Transaction, Execution and Processing Risk (TEPR) team to support the team’s efforts in managing the transaction-related operational risks across the Firm. This role requires a deep understanding of financial transaction lifecycles as well as understanding of a financial institution’s operational risk management framework (ORMF) elements. The successful candidate will provide subject matter expertise and set the strategic direction in managing transaction, execution and process risks of the Firm, oversee proper execution of the Firm’s ORMF and collaborate with senior stakeholders within the Risk Division and across relevant business Segments of the Firm.

• Contribute to the development, implementation, and maintenance of the firm’s strategy for managing transaction, execution and processing risk, aligning with the Firm's overall risk management framework
• Understand the process flows of the Firm’s transaction lifecycles across multiple business Segments
• Set minimum controls requirements for transaction lifecycle activities
• Identify, analyze and challenge transaction execution and processing risks with a horizontal view across the business segments
• Utilize data analytics and reporting tools to support the 2LoD analyses and challenges
• Establish a 2LoD metrics program to support a qualitative/quantitative to maintain ongoing monitor, triggers, escalation, and mitigating actions of the relevant control vulnerabilities and risk profile changes
• Evaluate the impact and likelihood of risks as well as review adequacy and effectiveness of existing controls and recommend enhancements
• Perform detailed reviews of TEPR-related incident trends to identify significant risks or control deficiencies and ensure remediation of issues comprehensively and timely.
• Prepare and present comprehensive risk profile reports to senior management, highlighting key risk themes, trends, and strategic recommendations.
• Develop presentation materials and conduct sessions to educate staff on transaction execution and processing risks
• Raise awareness about risk management practices and promote a risk-aware culture across the organization
• Mentor and guide a team of risk managers, fostering professional growth and skill development
• Provide subject matter expertise during internal and regulatory audits and examinations as well as thought leadership within the organization.

• Bachelor’s degree or equivalent required
• Master's degree in Finance, Business, Risk Management, or a related field; professional certifications in risk management (e.g., FRM, CIA) are desirable but not mandatory
• 10+ years of experience in operational risk management, with subject matter expertise in managing transaction, execution and processing risk, or related areas within the financial services industry
• Proven track record of leading and managing operational risk management framework within the financial services industry
• Familiarity with enterprise risk management best-practices and controls
• Proficiency in data analysis, and risk reporting
• In-depth understanding of regulatory compliance requirements and industry best practices
• Exceptional analytical skills with the ability to synthesize complex data and provide strategic insights
• Excellent communication and presentation skills, to a) interact confidently with senior executives and b) convey complex concepts to diverse audiences
• Strong leadership abilities and a demonstrated capacity to drive change and influence decision-making
• Strong analytical abilities, including the use of data and visualization of data to aid strategy discussion with proficiency in Excel, PowerPoint, and Sharepoint – Tableau & SQL are a plus

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.

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.