The Goldman Sachs Group, Inc

Asset & Wealth Management - Private Operational Risk - Associate - Dallas

The Goldman Sachs Group, Inc$80K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, Economics, Business Administration, or related field.
  • 3+ years of experience in asset management or related areas.
  • Strong analytical and problem-solving skills.
  • Proficient in Microsoft Office Suite, particularly Excel and PowerPoint.
  • Skilled in using Tableau and workflow tools for dashboard development.
  • Experience with AI tools and data mining techniques.
  • Excellent communication and interpersonal abilities.
  • Self-motivated with strong attention to detail.

Responsibilities

  • Collaborate with stakeholders to identify and remediate operational risks.
  • Support implementation of firmwide risk framework and document risk events.
  • Assist in escalation procedures for managing significant operational incidents.
  • Perform targeted risk assessments to uncover and address control gaps.
  • Develop and publish standardized control metrics to monitor risk.
  • Utilize business analytics tools to analyze trends and enhance processes.
  • Manage governance and reporting through advanced analytics and visualization.

Benefits

  • Opportunity to work in a dynamic investment management environment.
  • Exposure to various business segments within asset management.
  • Collaboration with cross-functional teams and business leaders.
  • Engagement with innovative risk management frameworks.
  • Career development and professional growth opportunities.
Full Job Description
Job Description

Overview

We are seeking a highly motivated and detail-oriented Operational Risk Associate to join our AM Private Operational Risk team. This position plays an integral role in supporting the risk management framework across multiple business segments within the Goldman Sachs Asset & Wealth Management (AWM) division. The primary responsibilities include proactive identification of operational risks, conducting root cause analysis, fostering business partnerships, promoting operational resilience, engaging stakeholders, evaluating controls, and implementing firmwide frameworks. Collaboration with various stakeholder groups throughout the firm and division-including investment teams, compliance, legal, operations, and other risk management functions-is essential to ensure comprehensive assessment of operational risks, effective operation of controls, and adherence to industry regulations as well as the firm's overarching risk management and governance standards.

How You Will Fulfill Your Potential:

Segment Coverage
  • Collaborate with business leadership, deal teams, portfolio managers, traders, operations, and engineering partners to proactively identify and remediate areas of operational risk.
  • Support the implementation of the firmwide risk framework, including documenting operational risk events, performing inherent risk assessments, and conducting control evaluations.
  • Assist with escalation procedures and dissemination of significant events, facilitating the management of ongoing incidents.
  • Conduct functional deep dive reviews and targeted risk assessments to identify, analyze, and address control gaps and emerging risks.
  • Develop, analyze, and publish standardized control metrics, while developing business analytics tools (e.g. Tableau, Alteryx) to identify trends, errors and opportunities for process improvement.
  • Manage governance and reporting of control and risk initiatives through advanced business analytics and visualization tools.

Skills & Experience Required:
  • Bachelor's degree in finance, Economics, Business Administration, or a related discipline.
  • Minimum of 3 years' experience in asset management, private investing, alternatives investing, non-financial risk management, compliance, or a related area within the asset management sector.
  • Demonstrated analytical and problem-solving abilities.
  • Strong proficiency in Microsoft Office Suite, including Excel, PowerPoint, and Word.
  • Strong proficiency in workflow tools such as Tableau for dashboard development.
  • Experience utilizing AI tools, data mining, and techniques for analyzing unstructured data.
  • Exceptional communication and people skills, with the capacity to collaborate effectively within a team.
  • Self-driven, able to proactively identify and resolve issues.
  • Meticulous attention to detail and commitment to accuracy.

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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