The Goldman Sachs Group, Inc

Asset & Wealth Management, Wealth Management Risk Team, Regional Risk Manager, Associate - Dallas

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

Qualifications

  • 3+ years in financial services, ideally in private wealth or compliance/risk areas
  • Familiarity with structured products and derivatives
  • Strong analytical abilities to interpret financial data
  • Excellent communication skills, comfortable coordinating with senior management
  • Highly organized with keen attention to detail
  • Capability to handle multiple projects under pressure
  • Proven track record of teamwork

Responsibilities

  • Review client portfolios for risk and suitability
  • Identify and address inconsistencies in client account activity
  • Educate PWM teams on regulatory changes and internal policies
  • Collaborate with various teams to manage economic risks
  • Document client profile changes and key account activities
  • Work with Compliance and Legal on business decisions regarding risks
  • Report on high-risk accounts and develop mitigation strategies

Benefits

  • Collaborative and dynamic work environment
  • Exposure to senior management and cross-functional teams
  • Continuous learning and professional growth opportunities
  • Access to innovative investment ideas and leading wealth management products
  • Opportunities for occasional regional travel
Full Job Description
Job Description

JOB SUMMARY & RESPONSIBILITIES

YOUR IMPACT

Are you a strategic thinker with a strong work ethic, desire to work within a growing global business, and ability to think outside the box? Associates on the Wealth Management Risk Team will gain exposure and access to senior managers in PWM, build expertise in business analysis and project management/execution, and develop a deeper understanding of the PWM business on a macro level. The team is seeking a candidate who has the ability to thrive in a fast-paced environment where attention to detail, strong communication skills, and passion for working with others are essential to maintaining and enhancing our business.

OUR IMPACT

Private Wealth Management (PWM) secures, develops and manages relationships with high-net-worth individuals, their families, family offices and foundations. PWM assists clients with building and preserving their financial wealth by creating and implementing long-term asset allocation within the context of each client's particular risk tolerance and by providing access to innovative investment ideas and opportunities. PWM professionals develop customized investment strategies and offer a full array of wealth management products and services, including private banking and trust company services.

The Regional Risk Manager (RRM) role is an in-business risk function (1st line) responsible for proactively identifying and mitigating risks - including, but not limited to economic, operational, and reputational risks - inherent to our PWM business. They will work closely with US PWM Management, Regional Management Teams, Regional Compliance Managers, and PWM teams to review and advise on various supervisory activities. Additionally, the candidate will play an instrumental role in ensuring the PWM business responds to the dynamic global regulatory environment.

HOW YOU WILL FULFILL YOUR POTENTIAL
  • Review and analyze current and proposed client portfolios from a risk and suitability perspective, including account activity, transaction history, and client communication
  • Proactively identify inconsistencies between client account activity as compared to internal investment policy guidelines, the client's stated investment objectives, risk tolerance and portfolio goals, and work with PWM team to address appropriately
  • Keep PWM teams apprised of regulatory changes and their potential impact to the PWM business while also educating PWM personnel on internal policies
  • Collaborate with PWM teams, Product teams, and the Strats team to identify accounts posing excessive economic risk to the client or the firm. Advise Private Wealth Advisors (PWAs) on how to communicate and address potential issues with clients and, where necessary, set risk thresholds
  • Ensure that client profile changes, portfolio reviews, and noteworthy account activities are documented appropriately through investment and relationship notes
  • Collaborate with Compliance, Legal to review, assess risks, and make business decisions regarding potential non-traditional business opportunities
  • Report at PWM Risk Working Group meetings on accounts with highest levels of risk. Collaborate with Working Group members and PWM teams to develop and implement risk mitigation recommendations by creating customized risk reports for client presentation purposes and establishing/imposing risk thresholds when appropriate
  • Partner with Compliance and Legal to respond to regulatory and audit requests
  • Participate in various regional supervisory reviews of PWM accounts
  • Work with Strats team to develop specific risk analytics/reporting to be used internally and/or externally with clients
  • Report regularly to the US PWM Management Team and PWM Regional Management Teams in each coverage office, keeping them apprised of key client and business risks, and the steps being taken to mitigate them


WHERE WILL YOU MAKE AN IMPACT

Our Private Wealth Management business spans the globe, and you will be working with individuals in the following locations in the United States: Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, New York, Miami, Philadelphia, San Francisco, Seattle, Washington, D.C. and West Palm Beach.

QUALIFICATIONS

EXPERIENCE & SKILLS WE'RE LOOKING FOR
  • Minimum of 3 years of experience in a financial organization, preferably in the private wealth high net worth area or a compliance/risk function
  • Working knowledge of products typically held in private wealth management accounts including structured products and derivatives
  • Outstanding analytical skills; ability to work with detailed financial or other data and understand and communicate commercial implications
  • Exceptional communication and interpersonal skills; confidence to work closely with senior management
  • Highly organized with attention to detail and excellent follow-through
  • Ability to manage multiple projects simultaneously and independently, and think clearly under pressure while maintaining strong attention to detail
  • Track record of team-oriented success
  • Good judgment and discretion
  • Periodic travel to PWM Regional Offices may be required (~0-5% of the time)
  • Series 7, 63 and SIE required (or must be obtained within 6 months of employment)

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.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

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

Similar Jobs

More Jobs at The Goldman Sachs Group, Inc

More Finance & Insurance Jobs

Find similar Asset & Wealth Management, Wealth Management Risk Team, Regional Risk Manager, Associate - Dallas jobs: