Asset & Wealth Management, Risk Management, Associate - Dallas

$60,000 - $123,000/Yr

Goldman Sachs - Dallas, TX

Full-time - Mid Level

Onsite - Dallas, TX

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Asset & Wealth Management division at Goldman Sachs is dedicated to providing clients with a comprehensive partnership focused on long-term performance. This includes financial planning, investment management, and advisory services tailored to a diverse clientele. Within this framework, the Asset & Wealth Management Risk Team serves as the first line of defense in risk management, tasked with the review, analysis, and management of both financial and non-financial risks associated with the Asset & Wealth Management business. We are seeking analytical and control-focused Associates to join our team in Dallas, where they will play a crucial role in operational risk management, business process transformation, and issues management across the Asset & Wealth Management sector. In this role, you will be expected to manage all aspects of issue identification, analysis, remediation, and monitoring/reporting. This includes collaborating with issue owners, aggregating issues across the business, and facilitating executive reporting. You will proactively identify potential business risks, process deficiencies, and gaps in risk management standards. Additionally, you will develop a comprehensive process and controls environment, lead process deep dives to document existing controls, and innovate controls testing strategies that emphasize operational risk management and long-term remediation measures. As an Associate, you will partner with various business units and support teams to remediate issues and assist in implementing corrective actions related to control failures and operational risk events. You will also be responsible for developing executive reporting and other data-driven deliverables, ensuring that the content is precise and timely. Continuous improvement will be a key focus, as you will monitor progress and measure performance to identify areas for enhancement. Your role will require you to gather and synthesize data for root cause analysis and collaborate with cross-functional teams to resolve operational inconsistencies and enhance controls testing processes. Critical thinking and a proactive approach to adding value will be essential in this fast-paced environment.

Responsibilities

• Manage all aspects of issue identification, analysis, remediation, and monitoring & reporting.
• Proactively identify potential business risks, process deficiencies, and gaps in risk management standards.
• Develop process and controls environment across wealth management and consumer businesses.
• Lead process deep dives to document existing controls and identify control gaps.
• Innovate controls testing strategies emphasizing operational risk management and long-term remediation measures.
• Partner with other business units to remediate issues and assist with implementation of corrective actions.
• Develop executive reporting and other data-driven deliverables with appropriate content and structure.
• Monitor progress and measure performance to identify areas for improvement.
• Focus on continuous improvement to support maximum visibility to the executive audience.
• Gather and synthesize data to perform root cause analysis and determine thematic trends related to issues identified by the business.
• Collaborate with cross-functional teams to resolve operational inconsistencies and enhance controls testing processes.
• Be a critical thinker and use available evidence to make decisions.
• Proactively seek out areas to add value.

Requirements

• Bachelor's degree in Risk Management, Business, Finance or a related field.
• A minimum of 3+ years of experience in a role in financial services with operational risk exposure or audit or broader risk management.
• Exposure to financial services, operational risk, audit or risk management is a plus.
• Ability to work independently and collaboratively in a fast-paced environment.
• Experience in risk analysis and management and/or an understanding of regulations and regulatory reform strongly preferred.
• Basic project management, analytical and research skills with a demonstrated ability to manage projects from inception through completion.
• Advanced analytical, critical thinking, problem solving, organizational and time management skills.
• Exceptional communication and interpersonal skills.
• Ability to work under pressure and manage tight deadlines or unexpected changes in expectations or requirements.
• Effectively manage multiple priorities and work autonomously.
• Good judgment and discretion.
• Experience building reports and presentations. Expert level proficiency in the Microsoft tool suite, including Excel, Word and PowerPoint.

Benefits

• Diversity and inclusion programs
• Training and development opportunities
• Wellness and personal finance offerings
• Mindfulness programs