Risk, Operational Risk, Vice President, New York

Job-ID: 150019Category: Vice PresidentLocation: New York, NY, United StatesPosted: 2026-11-13The Risk division identifies, monitors, assesses, and manages financial and non-financial risks in support of the firm's appetite and strategic plan as well as 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 risk is taken and managed. Risk professionals execute critical day-to-day risk management activities, operating in a fast paced and dynamic environment and utilizing best-in-class risk tools and frameworks. Risk teams are analytically curious, have an aptitude for challenge, and an unwavering commitment to excellence. Effective coordination with executive management, business units, control departments and technology is critical for success.Operational Risk Management is an independent risk management function within Risk, responsible for developing and implementing a standardized framework to identify, measure, monitor, and manage operational risk across the firm. The team works in close partnership with the lines of business and other control functions to ensure risks are well understood, appropriately controlled, and transparently escalated to senior management, Risk Committees, and the Board. Within Operational Risk, Fraud Risk is a priority discipline within the broader operational risk framework, covering both internal fraud and external fraud.ResponsibilitiesDevelop, document, and implement the firmwide Fraud Risk Management Framework, including risk taxonomy, roles and responsibilities, policy and standards, and escalation protocolsDefine and operationalize fraud risk appetite statements, key risk indicators (KRIs), thresholds, and tolerance breach escalation procedures across divisions and legal entitiesPartner with the first line to embed fraud risk considerations into the Risk and Control Self-Assessment (RCSA) process, new product and new activity approvals, and change management governanceDesign and execute fraud scenario analysis, stress testing, and a consistent loss event data standard to inform capital, loss forecasting, and control investment decisionsProvide independent oversight and effective challenge of first line fraud risk identification, control design and performance, and remediation plansConduct thematic deep dives into emerging fraud typologies and challenge material loss events, near misses, and detection capabilities, ensuring root causes are addressed and lessons learned are applied firmwideServe as a 2LoD representative in governance forums and produce clear fraud risk reporting for senior management, Risk Committees, the Board, and regulatorsAct as a point of contact for regulatory examinations, internal audit reviews, and supervisory requests relating to fraud riskCoordinate across Operational Risk, Financial Crime Compliance, Conduct Risk, Technology Risk, Legal, and the businesses, and translate external fraud trends and regulatory developments into actionable recommendationsRequired Qualifications and SkillsBachelor’s degree required8+ years of relevant experience in fraud risk management, financial crime compliance (FCC), conduct risk, operational risk, or a closely related control discipline within financial services, consulting, or a financial regulatorDemonstrated experience designing, implementing, or materially enhancing a risk management framework, policy, or standard — not solely executing an existing processStrong working knowledge of fraud typologies, fraud controls, and the regulatory environment applicable to large, complex financial institutionsExceptional written and verbal communication skills, with proven ability to distill complex analysis into clear messaging for senior and Board-level audiencesDemonstrated ability to influence without authority and to build durable relationships with stakeholders across divisions, functions, and regionsStrong judgment, intellectual curiosity, and comfort operating with ambiguity in a build-out environmentAbility to manage multiple priorities under deadline pressure with a high degree of accuracy and ownership1st or 2nd Line risk management experience at a Large Financial Institution (LFI), G-SIB, or Category II/III banking organizationPrior exposure to consumer and/or transaction banking, payments, digital platforms, or wealth management fraud riskExperience with fraud analytics, detection model oversight, or data-driven control testingPREFERRED QUALIFICATIONSExperience engaging directly with US regulators (Federal Reserve, OCC, FDIC, FinCEN, CFPB) or international equivalentsABOUT 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: 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.Salary RangeThe expected base salary for this New York, NY, United States-based position is $140000-$265000. In addition, you may be eligible for a discretionary bonus if you are an active employee as of fiscal year-end.BenefitsGoldman Sachs is committed to providing our people with valuable and competitive benefits and wellness offerings, as it is a core part of providing a strong overall employee experience. A summary of these offerings, which are generally available to active, non-temporary, full-time and part-time US employees who work at least 20 hours per week, can be found here.