Risk, Credit Risk (Internal Credit Ratings Governance), Vice President, Salt Lake City

Risk, Credit Risk, Internal Credit Ratings Governance Vice President, Salt Lake City
Goldman Sachs' Risk Division develops comprehensive programs and processes to identify, monitor, assess and manage financial and non-financial risks in support of the firm's risk appetite statement and strategic business plans. Whether assessing the creditworthiness of the firm's counterparties, monitoring market risks associated with trading activities, or offering analytical and regulatory compliance oversight, Risk teams play a critical function for the firm driving how the firm considers and manages risk. The division is ideal for collaborative individuals who have an aptitude to challenge, are analytically curious, and an unwavering commitment to excellence.

Credit Risk

Credit Risk (CR) is responsible for managing the firm's credit exposure to its trading and lending counterparties. Leveraging its extensive expertise in financial, credit and risk analysis, CR ensures that credit exposure to our counterparties is managed within the firm's risk appetite. Staffed with more than 270 professionals, CR operates through 12 different offices around the world and credit professionals work closely with many areas of the firm. CR professionals gain diverse financial experience and a broad perspective on how the entire firm functions. The interaction with numerous departments and the range of projects that ensue allow for a challenging, varied and multi-dimensional work environment.

Credit Risk Internal Credit Ratings (ICR) Governance Team Overview

The Credit Risk ICR Governance Team is a cross-industry global team with central oversight of the Internal Credit Ratings (ICR) system and procedures. The Team's focus is to ensure rating framework consistency, transparency, repeatability and adherence to internal Credit Risk Policies, Procedures, and Standards as well as global and regional (i.e. European) regulatory requirements.

ICR Governance Team is responsible for supporting development and/or enhancement of industry specific ICR models and methodologies used for both underwriting and on-going portfolio monitoring, working closely with industry subject matter experts. Industries include but are not limited to Corporates, Financial Institutions, Commercial Real Estate, Investment Funds, and Structured Finance. In addition, the Team provides data analytics in support of ratings to Credit Risk leadership through on-going monitoring and controls.

Key Responsibilities

• Oversee the maintenance and challenge of existing industry-specific ICR models and methodologies, ensuring accuracy and consistency where relevant. Provide strategic input in the development of ICR models and methodology changes, collaborating with industry subject matter experts.
• Design and report on aspects of Credit Risk's ICR framework via the development of templates, standards, guidelines, and key performance indicators to senior management and governance committees.
• Develop and oversee cross-industry ICR methodologies & review frameworks, including related system enhancements and training
• Own RCSA program deliverables related to ICRs including action plans, control monitoring, and control evaluation.
• Coordinate the review of new and evolving global regulatory requirements applicable to Internal Risk Ratings frameworks to ensure compliance.
• Lead and participate in global regulatory engagement on Credit Risk's ICR system and procedures.

Skills & Qualifications

• Minimum of 6 years experience in credit risk management or underwriting. Familiarity with policy implementation and change management is preferred.
• Knowledge and understanding of financial services governance, including the audit and regulatory landscape.
• Strong written and verbal communications skills, particularly with members of senior management. Ability to articulate complex problems and solutions through concise and clear messaging.
• Ability to perform independently, organized, and flexible.
• Highly motivated, strong attention to detail, team oriented.
• Proficient to advanced skills with MS Office (Excel, PowerPoint, Word, Outlook).
• Ability to navigate large data sets, develop metrics and perform analysis is a plus.