Risk - Risk Governance and Testing - Analyst - Bengaluru

  • Competitive
  • Bangalore, Karnataka, India
  • Permanent, Full time
  • Goldman Sachs International
  • 21 Mar 19

Risk - Risk Governance and Testing - Analyst - Bengaluru

The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm.

Risk Governance and Testing:
Risk Governance: The group is responsible for managing Risk Division's operational risk and regulatory risk.

  • Makes our operating risks transparent through a suite of standards, processes, and tools which embed governance and quality assurance in process design throughout the data lifecycle
  • Designs, operates, and reports on all aspects of its governance framework, including development of governance templates, standards, guidelines, and tracking of key performance indicators
  • Designs, operates, and reports on all aspects of its internal control and self-assessment framework, including a process verification framework that measures and monitors process and control design effectiveness
  • Manages regulatory assessments and interactions
  • Maintains inventories and assessments of models, measures, and policy/regulatory obligations; and
  • Provides risk oversight of the business unit and reporting to senior management, increasing transparency of risks and influencing decision making and prioritization

Risk Testing Group: An independent review group within the Risk Division, with an aim to provide assurance over the design and operating effectiveness of the firm's second line risk functions.
  • Performs quantitative validation of key regulatory deliverables for the firm
  • Manages and conducts independent assessments and testing of process and control design
  • Ensures continuous monitoring over processes, underlying data, and supporting controls for the Risk Division.
  • Identifies potential material errors or omissions related to data accuracy, conformance with regulatory instructions, and ongoing effectiveness of key controls. .
  • Prepares metrics and reporting to Risk Division senior management and governance committees
  • Automates test methodology and test approaches using an object oriented programming language
  • Leverages reporting suites (such as Tableau) to create and deliver cutting edge reports for the Risk Division

  • Plan, scope and execute internal validation reviews to assess adherence of the operational risk management framework and applicable risk data frameworks
  • Conduct independent testing and review of key reporting deliverables
  • Communicate results of testing through formal reports
  • Provide effective challenge of stakeholder processes and outcomes
  • Develop and maintain effective and constructive stakeholder relationships
  • Track progress and validate the completion of remediation plans for findings
  • Prepare metrics and reporting to Risk Division senior management and governance committees
  • Remain current on business, regulatory and industry changes
  • Contribute to the establishment of metrics and tools to assess and report on inherent risks, control strength and residual risk in a consistent and objective manner.
  • Liaise across relevant business, technology, and control functions to prioritize risks, challenge decisions, assumptions and tolerances, and drive appropriate risk response
  • Drive a culture of risk management and mitigation.

Skills / Expertise
  • Minimum of 1.5 years of experience within a regulated banking entity or in consulting capacity with a focus on financial institutions (experience within an internal audit / validation / governance function preferred)
  • Minimum of Bachelor's degree required
  • Proactive with strong analytical, organizational, and influencing skills
  • Strong interpersonal, written and verbal communications skills.
  • Experience working with teams across multiple locations and jurisdictions
  • Ability to work in a fast paced environment, with a strong delivery focus
  • Experience with data manipulation and data analytics
  • Experience in operational risk
  • Familiarity with fundamental statistical concepts
  • Interest in financial markets and risk management, motivated by learning and continuous improvement
  • Keen to learn new information, adopt new skills and with the ability to identify and make improvements to systems and processes.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2019. All rights reserved Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.