Operational Risk

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

Benefits offered by this job

Healthcare & Medical Insurance

Competitive vacation policies

Financial wellness support

On-site fitness centers

Job summary

Goldman Sachs Bank AG is seeking an Associate in Operational Risk for their Irving, TX location. The role involves managing risk identification, developing controls across asset and wealth management, and ensuring collaboration across business units.

Ideal candidates will have a Bachelor's degree in a related field and over 3 years of experience in financial services, particularly in operational risk management. Strong analytical and communication skills are essential.

Qualifications

• 3+ years of experience in financial services with operational risk exposure.
• Experience building reports and presentations.
• Ability to work under pressure and manage tight deadlines.

Responsibilities

• Manage issue identification, analysis, and reporting.
• Develop process and controls environment across asset management.
• Innovate controls testing strategies.

Skills

Risk analysis and management

Communication skills

Project management

Analytical skills

Problem-solving

Education

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

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

Asset & Wealth Management, Operational Risk, Associate - Irving location_on Irving, TX, United States

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
• 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 skills
• Ability 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

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. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We’re committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

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.

Healthcare & Medical Insurance

We offer a wide range of health and welfare programs that vary depending on office location. These generally include medical, dental, short-term disability, long-term disability, life, accidental death, labor accident and business travel accident insurance.

We offer competitive vacation policies based on employee level and office location. We promote time off from work to recharge by providing generous vacation entitlements and a minimum of three weeks expected vacation usage each year.

Financial Wellness & Retirement

We assist employees in saving and planning for retirement, offer financial support for higher education, and provide a number of benefits to help employees prepare for the unexpected. We offer live financial education and content on a variety of topics to address the spectrum of employees’ priorities.

Health Services

We offer a medical advocacy service for employees and family members facing critical health situations, and counseling and referral services through the Employee Assistance Program (EAP). We provide Global Medical, Security and Travel Assistance and a Workplace Ergonomics Program. We also offer state-of-the-art on-site health centers in certain offices.

Fitness

To encourage employees to live a healthy and active lifestyle, some of our offices feature on-site fitness centers. For eligible employees we typically reimburse fees paid for a fitness club membership or activity (up to a pre-approved amount).

Child Care & Family Care

We offer on-site child care centers that provide full-time and emergency back-up care, as well as mother and baby rooms and homework rooms. In every office, we provide advice and counseling services, expectant parent resources and transitional programs for parents returning from parental leave. Adoption, surrogacy, egg donation and egg retrieval stipends are also available.

Benefits at Goldman Sachs

Read more about the full suite of class-leading benefits our firm has to offer.