Risk, Operational Risk - Consumer Deposits, Associate, Frankfurt

Job description

RISK Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

OPERATIONAL RISK Operational Risk is an independent risk management function within the second line of defense. The function develops and implements a consistent framework to identify, assess, measure, monitor and report operational risk, and provides independent oversight and challenge of the firm's risk profile and control environment. TEAM & ROLE

OVERVIEW

The Associate will support second-line oversight of the Consumer business, this role combines consumer banking and regulatory knowledge with strong risk judgement, data analysis, and clear communication. The successful candidate will work closely with first-line business, operations and control teams while maintaining the independence expected of a second-line risk function. This is a hands-on role for an inquisitive self-starter who can evaluate complex information, identify meaningful risk themes, and translate large or disparate data sets into decision-useful management information and senior-level materials.

RESPONSIBILITIES

Second-Line Oversight: Provide independent oversight and constructive challenge of the Consumer Deposits operational risk profile. Review and challenge first-line risk assessments, control design and effectiveness conclusions, ratings, remediation plans, and risk-acceptance decisions, escalating material concerns as needed Framework Application: Support the application and enhancement of the operational risk framework, including RCSA, control assessments, scenario analysis, operational events, issues, risk appetite, metrics, and reporting.

Event Review

Conduct detailed reviews of significant operational risk events, assess root causes and control implications, challenge remediation plans, and identify recurring or emerging risk themes.

Scenario Analysis

Contribute to scenario analysis and the assessment and quantification of operational risk exposure.

Change Assessment

Evaluate new products, major business or technology changes, outsourcing arrangements, and other initiatives for impact on the risk profile and control environment adequacy.

Risk Record Calibration

Perform periodic trigger and change assessments to ensure RCSAs, control assessments, scenarios, and metrics remain current and well-calibrated.

Regulatory Impact Assessment

Assess the operational risk implications of relevant consumer banking regulations, partnering with Compliance, Legal, and other specialists as needed.

Risk Indicators & MI

Develop and review risk indicators and management information; analyze trends, concentrations, and outliers to identify areas warranting deeper review.

Reporting

Prepare clear, accurate reporting, dashboards, presentations, and briefing materials for senior management and governance forums.

Stakeholder Engagement

Build strong relationships across regional and global teams and contribute to the ongoing development of operational risk methods, practices, and data capabilities.

EXPERIENCE & QUALIFICATIONS

Core Experience: Minimum 4 years in operational risk, enterprise risk, compliance, second-line risk and controls, internal audit, or a related discipline.

Education

Bachelor's degree in finance, economics, business, risk management, law, data analytics, computer science, or a related field.

Risk Management Practices

Demonstrated experience applying operational risk concepts and practices, including RCSA, control assessments, event and issue management, scenario analysis, risk metrics, and management reporting.

Second-Line Oversight

Experience providing independent challenge and oversight within retail or consumer banking, ideally covering deposits, savings products, digital banking, or customer operations.

Data Analysis

Skilled in analyzing large, complex data sets to identify trends and outliers, test assumptions, and translate findings into clear, evidence-based risk conclusions.

Reporting & Communication

Experience preparing high-quality management information, dashboards, presentations, and briefing materials for senior stakeholders and governance forums.

Cross-Functional Collaboration

Experience working across business, operations, technology, and control functions within a regulated financial-services environment.

Regulatory Knowledge

Familiarity with EU and Irish regulations governing consumer banking and deposits.

Work Style

Strong prioritization and time-management skills; able to work independently or collaboratively, and deliver quality output in a fast-paced, cross-regional setting.

Preferred

Product & Process Knowledge: Understanding of consumer deposit products and end-to-end customer journeys, including related operational risks across onboarding, servicing, payments, complaints, account restrictions, fraud interfaces, and customer communications.

Risk Translation Skills

Demonstrated ability to turn regulatory requirements, risk data, and control information into practical risk assessments and governance-ready materials.

Project & Stakeholder Management

Project or change-management experience, with effective collaboration across business, engineering, operations, compliance, legal, and audit stakeholders.

Communication Skills

Excellent written and verbal communication, with the ability to simplify complex risk topics and present them persuasively.

Analytical Skills

Strong analytical and problem-solving abilities, with keen diligence and sound judgement.

MS Office Proficiency

Advanced Excel and PowerPoint skills, with experience producing robust analysis, management information, and senior-level presentations.

Technical/Automation Skills

Proficiency with coding or data tools (e.g., Python, SQL, VBA, Alteryx, Tableau) to drive efficient, high-quality, repeatable reporting.

AI Tool Literacy

Practical experience using AI tools for research, analysis, or drafting, applied with sound judgement on confidentiality, data protection, and validation.

Skills

Communication Skills: Excellent written and verbal communication, with the ability to simplify complex risk topics and present them persuasively.

AI Tool Literacy

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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.

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