Operational Risk

Goldman Sachs; Bengaluru; On-site; INR 1,000,000 - 1,600,000; Full time

Job summary

Goldman Sachs Bengaluru is seeking an Associate for the Operational Risk Assessments Team to help standardize and execute the RCSA program. You will support planning, data analysis, and reporting to monitor risk across the firm and drive program enhancements.

The role involves coordinating with multiple stakeholders, developing dashboards, and contributing to method improvements while ensuring compliance with risk frameworks and regulatory expectations.

Qualifications

• 4-7 years of experience in Risk Management, Internal Audit, Compliance, or a related financial services role.
• Basic understanding of operational risk management frameworks and risk assessment methodologies, including RCSA.
• Strong analytical and problem-solving skills, with the ability to interpret risk and control data to identify meaningful insights.
• Experience supporting framework enhancements or process improvements.
• Proven ability to manage projects and coordinate deliverables across multiple stakeholders in a fast-paced environment.
• Excellent verbal and written communication skills.
• Proficiency in Excel and PowerPoint.

Responsibilities

• Support the execution of BAU RCSA activities, including assessment planning, stakeholder coordination, and tracking completion against timelines.
• Analyze assessment outputs, risk data, and control information to identify trends and areas requiring management attention.
• Develop reporting, dashboards, and management materials that provide insight into the firm’s operational risk profile and assessment results.
• Partner with stakeholders across the firm to support assessment execution and ongoing program enhancements.
• Contribute to the development and implementation of assessment strategy initiatives, methodology enhancements, and process improvements.
• Support regulatory, audit, and remediation initiatives related to the operational risk assessment framework.
• Manage and coordinate project deliverables associated with key assessment and framework uplift initiatives.
• Provide guidance to stakeholders on assessment requirements, standards, and supporting tools.

Skills

Risk management

Analytical thinking

Communication skills

Excel

PowerPoint

Project coordination

Tools

RCSA tooling

Job description

The Risk Division develops comprehensive processes to monitor, assess and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk teams play a critical function for the firm, driving how the firm takes and manages risk.

Associate, Operational Risk Assessments Team

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 Associate will support the execution, enhancement, and strategic evolution of the firm’s Risk and Control Self-Assessment (RCSA) program.

Responsibilities

• Support the execution of business-as-usual (BAU) RCSA activities, including assessment planning, stakeholder coordination, and tracking completion against established timelines
• Analyze assessment outputs, risk data, and control information to identify trends and areas requiring management attention
• Develop reporting, dashboards, and management materials that provide insight into the firm’s operational risk profile and assessment results
• Partner with stakeholders across the firm to support assessment execution and ongoing program enhancements
• Contribute to the development and implementation of assessment strategy initiatives, methodology enhancements, and process improvements
• Support regulatory, audit, and remediation initiatives related to the operational risk assessment framework
• Manage and coordinate project deliverables associated with key assessment and framework uplift initiatives
• Provide guidance to stakeholders on assessment requirements, standards, and supporting tools

Qualifications

• 4-7 years of experience in Risk Management, Internal Audit, Compliance, or a related financial services role
• Basic understanding of operational risk management frameworks and risk assessment methodologies, including Risk and Control Self-Assessments (RCSA)
• Strong analytical and problem-solving skills, with the ability to interpret risk and control data to identify meaningful insights
• Experience supporting framework enhancements or process improvements
• Proven ability to manage projects and coordinate deliverables across multiple stakeholders in a fast-paced environment
• Excellent verbal and written communication skills
• Proficiency in Excel and PowerPoint
• Self-motivated, collaborative, and intellectually curious, with a desire to understand different areas of the firm and contribute to the ongoing evolution of the operational risk program

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

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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.