Global Banking & Markets Non-Financial Risk Vice President
About the job
- A graduate or master's qualification and 12 years of experience.
- Relevant experience in non-financial risk, operational risk, enterprise risk, compliance, audit, consulting, financial services operations, or a related control function; typically 7 or more years.
- A risk and control mindset, with curiosity to understand how risks arise and how controls can be improved.
- Analytical capability and comfort using risk data, metrics, trends, and reporting outputs to identify themes, areas of heightened risk, and opportunities for control enhancement.
- Experience with data analysis, reporting, automation, or visualization tools such as Excel, Tableau, Alteryx, Power BI, Python, VBA, or similar technologies.
- Clear verbal and written communication skills, with the ability to explain issues, risks, and recommendations to stakeholders at different levels.
- Influencing skills to challenge constructively, build consensus, and support continuous enhancement of the control environment.
- Ownership, accountability, sound judgment, and the ability to collaborate effectively in a fast-paced environment.
- Organization and time-management skills, including the ability to prioritize effectively across multiple deliverables.
- An innovative mindset and interest in using automation, analytics, emerging technologies, and low-code solutions to improve risk monitoring, reporting, and governance processes.
- Provide front-to-back non-financial risk coverage across GBM Private, identifying and mitigating key risks across products, processes, and transaction lifecycles.
- Advise and challenge stakeholders on risk mitigation, ensuring issues and remediation plans are clearly defined, owned, and tracked.
- Analyze risk data to identify trends, themes, and matters requiring management attention.
- Support operational risk event reviews, including root cause analysis, residual risk assessment, lessons learned, and remediation tracking.
- Conduct targeted risk reviews and recommend practical actions to address control gaps.
- Support quarterly RCSA activities by assessing risks, controls, effectiveness, and thematic remediation needs.
- Assess non-financial risk impacts from new initiatives, acquisitions, migrations, and strategic developments.
- Drive risk discussions and governance forums, presenting clear conclusions to senior stakeholders.
- Coordinate cross-functional responses to market or risk events, supporting issue triage and timely decisions.
- Prepare reporting and presentations for senior management and governance forums.
- Improve risk reporting, analytics, governance, automation, data quality, and KRI usage.
- Challenge and enhance risk and control frameworks, promoting risk awareness and stronger controls.
- Collaborate with regional and global stakeholders to share best practices and develop integrated risk solutions.
- Familiarity with GBM products, transaction lifecycles, and end-to-end operational flows is preferred but not required. Candidates with relevant risk and control experience from adjacent financial services, operations, audit, compliance, or consulting backgrounds and an interest in developing GBM product knowledge will also be considered.
- Candidates who do not meet every listed requirement may be considered if they demonstrate risk judgment, ownership, analytical capability, and potential to grow into the role.
About the company
Goldman Sachs advises companies and governments on mergers, raises money for them by selling their stocks and bonds, and trades securities for big investors such as hedge funds and pension funds. It led Ford Motor's 1956 stock market debut, then the largest share sale in US history. Traders buy and sell stocks, bonds, currencies, and commodities for clients and lend them money, while bankers earn a fee on each deal they advise on or arrange. Its asset and wealth management arm invests for institutions and wealthy families and charges fees based on the money it oversees. The firm was founded in 1869, when it began brokering short-term IOUs for New York merchants, and it is based in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1869
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Simplify's Take
What believers are saying
- Trading drives the boom: stock-trading revenue hit a record $7.42 billion in the June 2026 quarter, up 72%.
- Pay is climbing: compensation rose 20% to $11.5 billion in the first half of 2026, while staff grew 1%.
- A Goldman stint opens doors: alumni Rishi Sunak, Mario Draghi and Mark Carney rose to lead Britain, Italy and Canada.
What critics are saying
- AI is costing jobs: Goldman's October 2025 AI plan came with a "limited reduction in roles" and slower hiring.
- Expect five office days a week: Goldman reaffirmed the rule in 2023, and its CEO calls remote work an aberration.
- Stock awards have lost value: shares fell 23% from July 15 to October 8, 2026, versus 18% at Morgan Stanley.
What makes Goldman Sachs unique
- Traders outearn Goldman's famous merger advisers: trading made 57% of first-half 2026 revenue, versus 8% from advice.
- Goldman is Wall Street's top merger adviser: it earned $4.6 billion advising on 2025 deals, versus JPMorgan's $3.1 billion.
- The top prize is still partner: though public since 1999, Goldman named just 95 partners from 46,000-plus staff in 2024.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- Health Savings Account/Flexible Spending Account
- Paid Vacation
- Paid Sick Leave
- Paid Holidays
- Professional Development Budget
Company News
Goldman Sachs posted its second-highest quarterly net revenue ever, $18.68 billion, while JPMorgan Chase and Bank of America missed expectations. Goldman's earnings per share were $17.01, against expectations of $13.02, driven by a 72% surge in equities revenue. JPMorgan reported $50.17 billion in revenue, below the $51.22 billion expected, and earnings per share of $5.57 versus $5.90. It missed on both for the first time in nearly three years, as fixed-income trading fell 4% to $5.4 billion and costs rose 12%. Bank of America's profit fell 17% to $6.93 billion, ending a six-quarter beat streak. Regulators had announced a $1.2 billion penalty against it a day earlier. Wells Fargo missed on revenue, at $21.87 billion against $22.31 billion expected. Morgan Stanley and Citigroup beat estimates. Bank chiefs said the US consumer remains resilient, though some analysts worry about credit as interest rates rise.
Morgan Stanley (MS) shares fell nearly 3% on Wednesday, even after third-quarter revenue rose 12% to $20.3 billion from $18.2 billion a year earlier and beat forecasts. Goldman Sachs also beat estimates, yet it lost another 1.5%. CNBC host Jim Cramer blames worries about sticky inflation and climbing rates, not weak results. "It's not easy to own these bank stocks right now," he said. Institutional Securities revenue grew 18% to $10 billion, while fixed income fell 7%. Wealth management revenue rose 10%, and client assets reached a record $10.5 trillion. Cramer said a resolution to the war in Iran could cool inflation and give the Federal Reserve room to hold off on rate hikes.
All six major US bank stocks fell after third-quarter earnings, even as several banks posted strong results. CNBC's Jim Cramer said investors are worried about persistent inflation, rising interest rates, and shaky capital markets. Citigroup revenue grew 8%, its best third quarter in a decade, yet shares dropped 5.6%. Goldman Sachs beat estimates, with investment banking fees up 21%, but its stock finished lower. Bank of America missed expectations and faced a $1.2 billion regulatory penalty; shares fell roughly 5%. Cramer sees buying opportunities. His Charitable Trust upgraded Wells Fargo and Goldman Sachs to buy-equivalent ratings.
Momei Qu, head of venture at PSP Growth, says Goldman Sachs and JPMorgan are becoming artificial intelligence (AI) stocks. She told Bloomberg's The Close that banks are tied to the AI buildout through debt financing, potential initial public offerings (IPOs) and mergers, though earnings do not show it yet. Lending was a bright spot last quarter. JPMorgan, Citigroup, and Wells Fargo posted a record $56.5 billion in combined net interest income, and JPMorgan's $107 billion outlook, excluding markets, beat the $103 billion consensus. Qu said investors are split on AI valuations: one camp excuses thin margins and heavy spending, while the other wants proof of returns. Anthropic holds its pre-IPO investor day on Wednesday. Bloomberg Intelligence analyst Herman Chan expects the Anthropic IPO to lift Goldman Sachs and Morgan Stanley. He warned that slower AI spending could cut banks' fee revenue from data center bond deals.
Four of Wall Street's biggest banks reported third quarter dealmaking fees of $8.47 billion, up 15% from a year earlier but down 7.5% from a banner second quarter. Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo said activity remains strong despite market volatility and higher borrowing costs. JPMorgan chief financial officer Jeremy Barnum said deals were "delayed rather than canceled" after a slowdown in late September, when volatility widened the gap between what buyers and sellers would accept. Goldman's fees rose 22% to $3.2 billion, led by record M&A advisory revenue. Wells Fargo's rose to $894 million, and Citigroup's rose 9% to $1.35 billion. Goldman chief executive officer David Solomon said some companies postponed initial public offerings (IPOs) in September rather than accept valuations 10% to 15% lower.