Asset & Wealth Management, Operational Risk, Associate - Irving

Goldman Sachs; Irving (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Goldman Sachs in Irving, Texas is looking for a professional to manage aspects of operational risk management. This role involves identifying risks, developing processes, and leading documentation reviews.

The ideal candidate will have a bachelor's degree in Risk Management or a related field, with at least 3 years of relevant experience. Strong analytical, project management, and communication skills are essential. Join us to enhance the controls testing processes across our Wealth Management services.

Qualifications

• 3+ years of experience in financial services with operational risk exposure.
• Exposure to Wealth Management is a plus.
• Ability to work independently and collaboratively.

Responsibilities

• Manage issue identification, analysis, remediation, and reporting.
• Develop process and controls environment across various businesses.
• Lead process documentation reviews to identify control gaps.

Skills

Risk analysis and management

Project management

Analytical skills

Communication skills

Critical thinking

Education

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

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

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 skillsAbility 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

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

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