The Goldman Sachs Group, Inc

Asset & Wealth Management, Marcus US Deposits Business Controls & Risk Management, Associate - Richardson

The Goldman Sachs Group, Inc$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Risk Management, Business, Finance, or a related field
  • 5+ years of relevant experience in Operational Risk, Audit, or Change Management
  • Understanding of Consumer banking processes in a risk management context
  • Experience with qualitative and quantitative controls across financial products
  • Strong analytical skills with an ability to perform data analytics to identify trends
  • Excellent communication skills for articulating issues to various stakeholders
  • Proficiency in Jira and Microsoft tools like Excel, Word, and PowerPoint

Responsibilities

  • Identify business risks and process deficiencies proactively
  • Present outcomes of gap assessments to leadership
  • Review process documentation and work with stakeholders to identify control gaps
  • Engage in cross-functional working groups to align initiatives with Change Management framework
  • Lead engagements across the business for operational risk and auditing
  • Prepare bi-weekly impact assessments and assist with ad-hoc audit deliverables
  • Facilitate internal communication to resolve compliance issues and implement corrective actions

Benefits

  • Mentorship and coaching opportunities for career growth
  • Gain exposure to cross-functional collaboration and leadership
  • Access to data-driven analytics tools and resources
  • Engagement in continuous improvement initiatives within a well-established framework
  • Opportunity to develop strong stakeholder relationships in a dynamic environment
Full Job Description
Job Description

YOUR IMPACT

We are looking for an Associate to serve as a member of the Marcus US Deposits Business Controls and Risk Management function 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.

HOW YOU WILL FULFILL YOUR POTENTIAL

ROLE REQUIREMENTS
  • Proactively identify business risks, process deficiencies, and potential gaps/ weaknesses in risk management practices.
  • Present outcomes of gap assessment and remediation to leadership.
  • Pre-empt 2LOD/3LOD engagements by pro-actively reviewing process documentation (process maps, procedures, etc.) and working with stakeholders to identify existing controls, identify control gaps (automation, detective reporting, etc.) and ensure that risks are sufficiently mitigated.
  • Actively participate in cross-functional working groups to reconcile engineering roadmaps and daily intake requests, ensuring all prioritized initiatives are seamlessly aligned with the PRC Change Management framework.
  • Lead cross-functional 2LOD/3LOD engagement efforts across the business.
  • Work closely with stakeholders to map change management activities to reporting requirements, preparing bi-weekly impact assessments and supporting ad-hoc audit deliverables.
  • Head continuous change management improvements by compiling and delivering daily risk escalations, monthly performance reports, and organic growth metrics to executive audiences.
  • Maintain effective communication with other teams to facilitate weekly executive approval meetings, resolve past-due tickets, and shepherd the implementation of corrective actions for non-compliance with policies and procedures to ensure timely resolution.
  • 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.

SKILLS & QUALIFICATIONS
  • Bachelor's degree in Risk Management, Business, Finance, or a related field
  • 5+ years related work experience in an Operational Risk, Audit, Change Management role or transferable knowledge.
  • 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 unmitigated risk
  • Good influencing skills to challenge the status quo
  • 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
  • Proficiency in Jira and Microsoft tool suite including SharePoint, Excel, Word, and PowerPoint

PREFERRED QUALIFICATIONS
  • 3-5 years banking experience, specifically in operational risk, compliance, internal audit or corporate governance
  • Experience in Consumer Banking (Deposits), specifically in operational risk, change management, or compliance
  • Working knowledge of financial, operational, compliance, and reputation risks
  • Experience working on Audits

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

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Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

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At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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