Asset & Wealth Management, Operational Risk, Issues Management, Associate - Dallas

Goldman Sachs•Dallas, TX

2d•Onsite

About The Position

The Associate will serve as a member of the AWM Risk Management function supporting Marcus US Deposits and Private Bank in Richardson, Texas. The role will execute key control deliverables related to issues management, risk reporting and control assessments, to ensure regulatory compliance, protecting client assets, and managing risk. Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions. As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success. Private Bank offers competitive cash management and borrowing solutions strategically integrated with our clients’ wealth management goals. AWM Risk Management is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, control monitoring and testing, risk reporting and governance. Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Private Bank, and Goldman Sachs as a whole. This function collaborates strongly with other functions in AWM Risk Management to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.

Requirements

Bachelor's degree in Risk Management, Business, Finance, or a related field
5+ years related work experience
Understanding of Consumer banking processes in a risk management context are required
Exposure to qualitative and quantitative controls across financial products.
Strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail.
Ability to perform data analytics using metrics to identify trends and themes
Excellent communication skills to clearly articulate issues and ideas with different levels of stakeholders
Innovative, including a keen eye for identifying areas of control enhancements
Good influencing skills to challenge the status quo and enhance the control environment
Sound time management skills to be able to effectively prioritize and multi-task.
A mentor / coach to the juniors in the team
Good interpersonal and teamwork skills to develop strong stakeholder relationships
The ability to present with impact and build consensus across senior stakeholder groups
Track record of delivering and enhancing measurable, impactful business outcomes

Nice To Haves

CFA, FRM or equivalent professional certifications preferred
3-5 years banking experience, specifically in operational risk, compliance, internal audit or corporate governance
Strong knowledge of Risk Assessment Framework and experience performing control assessments
Working knowledge of financial, operational, compliance, and reputation risks
Experience aggregating and analyzing various types of risks and data with output to dashboards and/or formal written assessments
Experience with Tableau or other reporting/ data analytics tools

Responsibilities

Evaluate control issues to ensure conformance to Consumer and Firm requirements
Analyze issue root-cause and validate remediation actions
Drive resolution of issues in conformance to Consumer and Firm requirements
Ensure data quality of issue documentation
Aggregate issues to identify key themes and control enhancement opportunities
Develop and report on Key Risk Indicators/ Key Control Indicators
Engage with audit and risk partners to monitor findings
Assess vendor risks and issues for themes, and monitor closure
Perform reviews of operational risk events and assess themes
Monitor operational risk events for timely and accurate reporting
Advise, challenge & inform the businesses on risk mitigation actions
Lead senior management presentations on risk and control metrics and analysis
Coordinate and facilitate governance routines with key executive stakeholders.
Identify ways to share risk best practice across teams and functions, and with other business lines where like processes exist/there is exposure to similar risk