The Goldman Sachs Group, Inc

Asset & Wealth Management, Operational Risk, Associate - Irving

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

Qualifications

  • Bachelor's degree in Risk Management, Business, Finance, or a related field
  • 3+ years of experience in financial services with operational risk exposure or audit
  • Experience with financial services or wealth management is a plus
  • Strong understanding of risk analysis, management, and regulatory reforms
  • Advanced project management and analytical skills
  • Exceptional communication and interpersonal skills

Responsibilities

  • Manage issue identification, analysis, remediation, and reporting
  • Proactively identify business risks and process deficiencies
  • Develop process and controls environment across asset and wealth management
  • Lead process deep dives to document controls and identify gaps
  • Innovate controls testing strategies for operational risk management
  • Partner with teams to remediate issues and implement corrective actions
  • Develop executive reporting with data-driven deliverables

Benefits

  • Comprehensive health and wellness programs
  • Opportunities for professional development and continuing education
  • Flexible work arrangements
  • Collaborative and inclusive workplace culture
  • Access to advanced technology and resources for effective performance
Full Job Description
Job Description

How You Will Fulfill Your Potential
  • 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

Skills & Experience We're Looking For
  • 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 a plus
  • Exposure to Wealth Management 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
  • 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

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.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

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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