Robin Vince, the firm's chief risk officer, will be leaving the firm, to be replaced by Brian Lee, Goldman's comptroller and accounting chief, Bloomberg and Reuters reported.
Shares of Goldman Sachs fell 1.41%, to $216.79.
Vince, who has been at the investment banking and financial services firm for 25 years and has been in charge of risk management standards for the past two years, will leave at year's end, Reuters noted, citing an internal memo.
Lee, who has also been with Goldman for 25 years, will take over as chief risk officer on Nov. 4, the news service reported.
The move is the latest by Goldman CEO David Solomon, who has been on the job for about a year, to put his imprint on the financial powerhouse.
Marty Chavez, a top executive on Goldman's trading desk, signaled plans earlier this month to retire at the end of the year.
Solomon, in a memo detailing that move, announced that Marc Nachmann, co-head of investment banking, will take over as co-head of the securities division alongside two other top executives, Ashok Varadhan and Jim Esposito.