(Urgent) Risk-Bengaluru-Vice President-Operational Risk

Job Description Job Description The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. The Operational Risk Assessment Execution team within Operational Risk is responsible for developing and implementing a standardized framework to identify, measure, monitor, and assess operational risk across the firm. The RCSA Vice President will work with the global team to engage stakeholders across multiple locations to establish and maintain a firm-wide operational risk assessment program while establishing and helping manage the local team. This role is responsible for the Business as Usual (BAU) RCSA process inclusive of reporting and analytics. The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Responsibilities - Lead aspects of the risk assessment process, including: managing senior stakeholders globally, setting and providing guidance on assessment methodology, enforcing assessment standards and deadlines, resolving escalated issues. - Continuously refine the RCSA methodology based on industry best practices, regulatory expectations (e.g., Basel guidelines, where applicable), and internal model validation findings. This includes defining clear criteria for inherent risk, control effectiveness, and residual risk ratings. The VP should lead efforts to ensure alignment with evolving risk landscapes. - Analyze RCSA results and develop actionable insights from the RCSA outputs, including identifying emerging risk trends, root cause analysis of control weaknesses, and recommendations for risk mitigation strategies. - Develop requirements for program-specific reporting; including scorecards/dashboards dashboards and reports that provide senior management with a clear and concise view of the operational risk profile. - Escalate any concerns or delays in RCSA program implementation and deviations from planned schedule to relevant stakeholders. - Provide risk assessment metrics and reporting to senior management and governance committees. The reporting will include: completion status of the assessments, trending and analysis of the output from the risk assessments, changes to the risk assessment profile at an entity or group level - Proactively think about changes in the business, how these impact the existing risk assessment program and working with the Operational Risk Coverage and Specialist teams to facilitate the assessment changes - Manage the team including recruiting, training, career development and feedback, staffing and coordinating with the global team - Ensure training and functional support are provided across a range of departments on the risk assessment methodology and use of the risk assessment application - Work with key stakeholders within ORMA and across the firm to design and implement process improvements to the risk assessment program to continue to evolve and progress the program - Work with systems project managers and business analysts to design and implement enhancements to the risk assessment applications to ensure they reflect both current methodology and future needs, are fit for purpose and user friendly - Work with the other Risk division teams to implement reporting infrastructure and design, enhance or modify reports on the assessment outputs - Remain current on business, regulatory and industry changes that may impact the business and the associated assessments - Project Managing and working with various stakeholders on the Implementation of key Assessment driven initiatives and uplifts Qualifications - Minimum 8 to 10 years of experience in the financial services industry, with at least five years in an operational risk management, internal audit or compliance role and preferably large financial institution. - Deep understanding of various RCSA methodologies (e.g., bottom-up, top-down, hybrid) and a proven ability to tailor the methodology to specific business needs. - Strong project management and organizational skills with experience of working to deadlines within a highly dynamic environment - Proven track record in stakeholder management including exposure to senior stakeholders - Proven ability to work remotely across multiple geographies / time zones - Strong attention to detail and excellent data analysis skills - Advanced data analytics skills, including experience with statistical analysis, data visualization. - Solid understanding of relevant regulatory requirements and industry best practices related to operational risk management and RCSA. - Experience with specific RCSA software applications is beneficial. - Enthusiastic, intellectually curious and seeks to understand the different areas of the firm - Ability to work in a fast paced environment, with a strong delivery focus - Strong verbal and written communication skills and able to present to senior stakeholders with impact and influence - Possess a Bachelor's Degree 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. 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