Asset & Wealth Management- Chicago- Associate, Risk Governance - 9797265

Goldman Sachs•Chicago, IL

2d•$93,000 - $123,000•Onsite

About The Position

Goldman Sachs Bank USA in Chicago, Illinois is seeking an Associate, Risk Governance. This role involves leading controls design for new products by reviewing process documentation to identify and mitigate risks. The position also includes overseeing control implementation, communicating risks to executives, identifying business risks and improvement opportunities, and managing cross-functional projects. A key aspect is the continuous monitoring and evolution of the control framework, transitioning processes from Excel to more advanced tools, and designing key metrics for control performance assessment. Collaboration with compliance to map regulatory requirements and working with other teams to address non-compliance are also crucial. The role contributes to executive reporting and involves automating controls reporting activities using Excel Macros. Training and leading new joiners is also part of the responsibilities.

Requirements

Master’s degree (U.S. or foreign equivalent) or Bachelor’s degree (U.S. or foreign equivalent) in Economics, Finance, Enterprise Risk Management, Financial Economics, Accounting or related field
One (1) year of experience (with a Master’s) or three (3) years of experience (with a Bachelor’s) in the job offered or in a related role.
Prior employment must include one (1) year of experience (with a Master’s) or three (3) years of experience (with a Bachelor’s) with: root Cause Analysis
building reports and presentations using Excel and PowerPoint
risk assessment, inherent and residual risk
ERM Frameworks and reviewing policies and standards
controls, such as documenting and assessing
issues management their alignment to controls
project management, analytical and research skills
knowledge of data analysis techniques, including data manipulation and aggregation
proficiency in Data Visualization Tool, Tableau
designing and creating visualizations for business performance analysis.

Responsibilities

Lead controls design on new products by reviewing process documentation (such as process maps, procedures, and product briefs) to document existing controls and identify additional controls that mitigate risks and improve processes (such as automation and detective reporting).
Oversee control implementation by working with stakeholders to socialize control recommendations and then track implementation of the controls.
Build out presentations to clearly communicate risks and controls gaps to executives across business areas.
Proactively identify potential business risks, process deficiencies and improvement opportunities.
Gather and synthesize data to define control design requirements and execute on getting those requirements prioritized and implemented.
Lead cross-functional project management efforts across the team.
Head continuous control framework monitoring, improvements, and evolution to meet changing requirements to support maximum visibility to the executive audience.
Transition processes, risks, controls, and related data from excel to more intuitive, faster, and easier tools.
Design and project key metrics for the business to proactively monitor and assess control performance such as KCIs, KRIs.
Work closely with compliance to map regulatory requirements to specific processes and controls.
Maintain effective communication with other teams to determine root cause of errors and shepherd the implementation of control specific corrective actions related to non-compliance with policies and procedures.
Contribute to executive reporting and other data-driven deliverables, with a focus on providing appropriate content, context, and structure in a precise and timely manner.
Automate controls reporting related activities by leveraging Excel Macros to save critical time.
Train and lead new joiners to help accommodate them into their new roles.