Asset & Wealth Management, Operational Risk, Associate - Irving

Goldman Sachs•Irving, TX

About The Position

This role is within Asset & Wealth Management, focusing on Operational Risk. The Associate will 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. The position involves proactively identifying business risks, process deficiencies, and gaps in risk management standards. A key responsibility is developing the process and controls environment across asset management, wealth management, and consumer businesses, including leading process deep dives and innovating controls testing strategies. The role requires partnering with other business units to remediate issues and implement corrective actions. Developing executive reporting and data-driven deliverables with precision and timeliness is crucial. The Associate will monitor progress, measure performance, and focus on continuous improvement to meet evolving requirements and provide visibility to the executive audience. Gathering and synthesizing data for root cause analysis and identifying thematic trends is also part of the role, as is collaborating with cross-functional teams to resolve inconsistencies and enhance controls testing. The individual will become a subject matter expert in the operational risk management framework within Wealth Management, demonstrating critical thinking, and proactively seeking opportunities 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
Ability to work independently and collaboratively in a fast-paced environment
Advanced 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

Nice To Haves

Exposure to financial services, operational risk, audit or risk management a plus
Exposure to Wealth Management a plus
Experience in risk analysis and management and/or an understanding of regulations and regulatory reform strongly preferred

Responsibilities

Manage all aspects of issue identification, analysis, remediation and monitoring & reporting, including collaboration with issue owners, aggregation of issues across the business, and facilitation of executive reporting.
Proactively identify potential business risks, process deficiencies, and potential gaps/ weaknesses in risk management standards.
Develop process and controls environment (inventory and maps) across asset management, wealth management and consumer businesses
Lead process deep dives by reviewing process documentation (process maps, procedures, etc.) 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 and support teams to remediate issues and assist with implementation of corrective actions related to control failures and operational risk events
Develop executive reporting and other data-driven deliverables, with a focus on providing appropriate content, context, and structure in a precise and timely manner.
Monitor progress and measure performance to identify areas for improvement.
Focus on continuous improvement and evolution to meet changing requirements 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 first, second and third lines of defense.
Collaborate with cross-functional teams to resolve operational inconsistencies and enhance controls testing processes.
Become a subject matter expert in areas of the operational risk management framework executed across Wealth Management
Be a critical thinker: Thoughtful, self-aware, and use available evidence to make decisions.
Pro-actively seek out areas to add value