Asset & Wealth Management, Marcus US Deposits Business Controls & Risk Management, Associate - [...]

The Goldman Sachs Group; Richardson (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

The Goldman Sachs Group is seeking an Associate in Richardson, Texas, to manage risk and compliance as part of the Marcus US Deposits Business Controls. The role involves executing key control deliverables and collaborating with cross-functional teams to ensure regulatory compliance and protect client assets.

The ideal candidate will have a Bachelor's degree and 5+ years of relevant experience, with strong skills in data analytics, communication, and risk management.

Qualifications

• 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 is required.
• Ability to perform data analytics using metrics to identify trends and themes.

Responsibilities

• Proactively identify business risks, process deficiencies, and potential gaps in risk management practices.
• Lead cross-functional engagement efforts across the business.
• Compile and deliver monthly performance reports and growth metrics to executives.

Skills

Analytical orientation

Communication skills

Attention to detail

Influencing skills

Education

Bachelor's degree in Risk Management, Business, Finance, or a related field

Tools

Jira

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

SharePoint

Job description

AWM Description

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long‑term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

• Investors, spanning traditional and alternative markets offering products and services
• Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
• Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions
• Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

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.

Our Impact

Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions.

As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposit to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading‑edge technology, data and design. We value self‑starters with an entrepreneurial spirit, providing the support and resources to ensure your success.

Marcus US Deposits Business Controls is a first‑line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.

Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well‑managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. The Risk Governance team, specifically, is a fundamental function to manage AWM's Consumer Risk environment. As part of the broader AWM Consumer Risk team, the Risk Governance Associate role serves as part of the first line of defense to ensure strong risk mitigation governance and collaborative engagements with 2LOD & 3LOD. This role will focus on ensuring the health of the risk mitigation framework and proactively engaging with risk partners and business leaders to identify risks.

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 proactively 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 is 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.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veteran's status, disability, or any other characteristic protected by applicable law.