Global Banking & Markets Operations - Controls Monitoring & Testing - Associate - Dallas Dallas[...]

Goldman Sachs Bank AG; Dallas (TX); On-site; USD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking financial services firm as an Associate in Risk Governance. This role is pivotal in enhancing the control environment within Global Banking & Markets. You will independently assess risks, advise on mitigation strategies, and collaborate with various teams to improve operational processes. With a focus on continuous improvement, you will engage in innovative risk management practices while utilizing your analytical skills and understanding of financial products. This is an exciting opportunity for those passionate about risk management and eager to make a significant impact in a dynamic environment.

Qualifications

• 3-5 years of experience in Risk and Control, Audit, or Compliance.
• Strong analytical skills and attention to detail required.

Responsibilities

• Develop knowledge of operational risk and control profile.
• Advise on risk mitigation and share best practices.

Skills

Analytical Skills

Communication Skills

Risk Management

Project Management

Attention to Detail

Team Collaboration

Education

Bachelor's Degree

Tools

SQL

Alteryx

Python

Tableau

Job description

Global Banking & Markets Operations - Controls Monitoring & Testing - Associate - Dallas

Location: Dallas, Texas, United States

Opportunity Overview

CORPORATE TITLE: Associate

OFFICE LOCATION(S): Dallas

JOB FUNCTION: Risk Governance

DIVISION: Global Banking & Markets

At Goldman Sachs, we connect people, capital, and ideas to help solve problems for our clients. We are a leading global financial services firm providing investment banking, securities, and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals.

YOUR IMPACT

Do you have a deep subject matter expertise and a passion for risk & control management? We’re looking for a professional to join our First line Risk Management team within Global Banking & Markets (GBM).

Controls Monitoring & Testing is a new function within the Strategy and Analytics group that focuses on evaluating and enhancing processes, systems, and controls through target testing and continuous improvement. As an Associate, you will be a part of this start-up journey and involved in independently assessing the division’s overall control environment through a strong Monitoring & Testing framework.

JOB SUMMARY AND RESPONSIBILITIES

• Develop an in-depth knowledge of the operational risk and control profile across Global Banking & Markets (GBM).
• Advise, challenge, and inform the businesses on recommended ways to mitigate risk; review action items to ensure that risk is being sufficiently addressed.
• Set the tone from the top: Act as a culture carrier by embedding & propagating a risk mindset and awareness within the team, region & globally.
• Identify ways to share risk best practices across teams and functions, and with other business lines where similar processes exist/there is exposure to similar risk.
• Partner with the business lines to understand the residual risks that exist after issues are resolved and engage across the front to back to apply lessons learned to improve our risk and control framework.

QA & Technical Role

• Identify continuous improvement mechanisms to strengthen the framework based on ever-evolving changes in process, regulations & platforms.
• Partner with developers and low-code specialists to develop tooling to support test execution and the continuous monitoring of business processes.
• Work with our QA team to design tests for data quality, lineage, and controls across a range of products, business lines, and processes.
• Maintain strong relationships and connectivity with the broader control and data organizations to enable maintenance of the test suites as the operating and control environment changes.
• Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework.
• Participate in the ongoing uplift and innovation of operational risk processes designed to facilitate GBM Operational Risk & Resilience (ORR) supervisors and leadership’s understanding and management of their risk and controls.
• Coordinate end-to-end risk management delivery with other Divisions, such as Compliance, Legal, Risk, and Internal Audit.

SKILLS & EXPERIENCE WE ARE LOOKING FOR

BASIC QUALIFICATIONS

• Bachelor’s degree with at least 3-5 years of experience in a global firm with Risk and Control / Audit / Compliance / Project Management background.
• Good understanding of the global markets franchise offered by the firm and experience within a risk management context are required.
• Strong analytical skills with an ability to understand complex workflows paired with meticulous attention to detail.
• Excellent communication skills to clearly articulate issues and ideas with different levels across Global Banking & Markets stakeholders.
• Self-motivated and proactive team player, who takes ownership and accountability of projects.
• Flexible and able to work well under pressure in a team environment.

PREFERRED EXPERIENCE

• Experience in audit/testing methodologies and control testing (manual & automated).
• Practical experience in Sales and Trading, Risk, or Operations functions.
• Working knowledge of financial products, e.g., equities, fixed income products, exchange-traded derivatives, OTC derivatives.
• Working knowledge of project management and business analysis.
• Working experience of operating on large data sets using business intelligence tools such as SQL, Alteryx, and Python.
• Working knowledge of data visualization tools such as Tableau.

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital, and ideas to help our clients, shareholders, and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities, and investment management firm.