Risk – Risk Testing Group - Vice President

RISK

Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

RISK TESTING GROUP (RTG)

The Risk Testing Group (RTG) is a multidisciplinary group of quantitative and financial experts at Goldman Sachs with presence in New York, Frankfurt, Dallas, Salt Lake City, Bangalore, Hyderabad, Warsaw and Mumbai. RTG is responsible for independent oversight of all financial and non-financial risks, ensuring compliance with regulatory and internal expectations. The group’s primary mandate is the independent review of data, processes, controls, qualitative models and systems that mainly cover Credit, Market, Operational and Liquidity risk stripes/types.

RTG is responsible for:

• Identifying potential material errors or omissions related to data accuracy,
• Conformance with regulatory instructions, and
• Ongoing effectiveness of key controls
   

RTG is looking for a VP to work on challenging projects that entail performing analysis to ensure holistic risk management practices. The role will involve interactions with multiple stakeholders across the firm and regulators across different geographies and offers exposure to financial products, risk management tools, quantification techniques and a wide-ranging technology stack.

RESPONSIBILITIES

• Develop an understanding of the firm's financial reporting, regulatory reporting, accounting policies, and risk management frameworks.
• Perform independent reviews of accounting treatments, financial statements, and regulatory reporting processes to evaluate accuracy, completeness, and compliance with regulatory expectations.
• Assess the completeness and accuracy of data supporting the risk data aggregation and regulatory reporting in line with BCBS 239 principles.
• Evaluate the design and ongoing effectiveness of key controls supporting financial and regulatory reporting processes. 
• Develop and maintain effective stakeholder relationships and present results to senior management committees and regulators.

EXPERIENCE & QUALIFICATIONS

• Qualified Accountant or Bachelors/Masters in Finance or equivalent (such as Corporate Finance).
• Knowledge of financial reporting, regulatory reporting, IFRS accounting standards, and the control environment expected within a banking institution.
• Experience and knowledge of key aspects of finance and accounting commensurate with a global banking institution.
• Understanding of financial risk management (credit, market, operational and liquidity risk) is an advantage.
• Minimum B2 level in English

COMPETENCIES

• Functional Expertise - Exposure to qualitative and quantitative risk management across credit, market, liquidity, or operational risks
• Technical Skills - Strong programming skills in an object-oriented language (C++ or Python), with proficiency in SQL and data analytics tools for querying, manipulating, and analyzing large datasets.
• Judgement and Problem solving - Thinks ahead, anticipates questions, plans for contingencies, and analyzes complex issues to find clear objectives and alternative solutions.
• Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards challenging goals and persists in the face of obstacles or setbacks
• Creativity/Innovation - Seeks new ways to improve current processes and develops practical, creative solutions grounded in reality
• Teamwork – Collaborates effectively with other people within and across teams, encourages other team members to participate and contribute and acknowledges other’s contributions
• Communication Skills - Communicates relevant and important information clearly and concisely while sharing new ideas with others
• Influencing Outcomes - Presents sound, persuasive rationale for ideas and takes positions on issues to influence opinions and deliver compelling recommendations

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., 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.

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