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

The Goldman Sachs Group; Dallas (TX); On-site; USD 80,000 - 100,000; Full time

Job summary

The Goldman Sachs Group is looking for a detail-oriented Operational Risk Associate for its AM Private Operational Risk team in Dallas, Texas. The role is critical for supporting risk management across various business segments.

The candidate will identify operational risks, conduct analyses, and collaborate with cross-functional teams, ensuring adherence to risk policies and regulations. A Bachelor's degree and a minimum of 3 years experience in asset management or risk management is required.

Qualifications

• 3 years' experience in asset management or non-financial risk management.
• Strong proficiency in Microsoft Office Suite.
• Experience utilizing AI tools and data mining techniques.

Responsibilities

• Identify and remediate areas of operational risk.
• Support implementation of the firmwide risk framework.
• Conduct risk assessments to identify control gaps.
• Develop and analyze control metrics for business improvement.

Skills

Analytical skills

Problem-solving abilities

Communication skills

Collaboration skills

Attention to detail

Self-driven

Education

Bachelor's degree in finance, Economics, Business Administration, or related discipline

Tools

Microsoft Excel

Tableau

Alteryx

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.

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.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process.