Regional Wealth Risk Associate – Strategy & Compliance

Goldman Sachs; Dallas (TX); On-site; USD 110,000 - 160,000; Full time

Job summary

Goldman Sachs in Dallas seeks an Associate on the Wealth Management Risk Team to analyze client portfolios, assess risk and compliance, and support senior PWM leaders in a fast-paced, global business.

You will collaborate across PWM, Compliance, Legal and Strats to identify risks, create reporting, and help manage regulatory changes; occasional travel may be required as PWM regional offices are engaged.

Qualifications

• Minimum of 3 years in a financial organization, preferably in private wealth or a compliance/risk function.
• Working knowledge of products typically held in private wealth management including structured products and derivatives.
• Outstanding analytical skills; ability to work with detailed financial or other data and understand and communicate commercial implications.
• Exceptional communication and interpersonal skills; confidence to work closely with senior management.
• Highly organized with attention to detail and excellent follow-through.
• Ability to manage multiple projects simultaneously and independently, and think clearly under pressure while maintaining strong attention to detail.
• Periodic travel to PWM Regional Offices may be required (~0-5% of the time).
• Series 7, 63 and SIE required (or must be obtained within 6 months of employment).

Responsibilities

• Review and analyze current and proposed client portfolios from a risk and suitability perspective, including account activity, transaction history, and client communication.
• Proactively identify inconsistencies between client account activity as compared to internal investment policy guidelines, the client’s stated investment objectives, risk tolerance and portfolio goals, and work with PWM team to address appropriately.
• Keep PWM teams apprised of regulatory changes and their potential impact to the PWM business while also educating PWM personnel on internal policies.
• Collaborate with PWM teams, Product teams, and the Strats team to identify accounts posing excessive economic risk to the client or the firm. Advise Private Wealth Advisors (PWAs) on how to communicate and address potential issues with clients and, where necessary, set risk thresholds.
• Ensure that client profile changes, portfolio reviews, and noteworthy account activities are documented appropriately through investment and relationship notes.
• Collaborate with Compliance, Legal to review, assess risks, and make business decisions regarding potential non-traditional business opportunities.
• Report at PWM Risk Working Group meetings on accounts with highest levels of risk. Collaborate with Working Group members and PWM teams to develop and implement risk mitigation recommendations by creating customized risk reports for client presentation purposes and establishing/imposing risk thresholds when appropriate.
• Partner with Compliance and Legal to respond to regulatory and audit requests.
• Participate in various regional supervisory reviews of PWM accounts.
• Work with Strats team to develop specific risk analytics/reporting to be used internally and/or externally with clients.
• Report regularly to the US PWM Management Team and PWM Regional Management Teams in each coverage office, keeping them apprised of key client and business risks, and the steps being taken to mitigate them.

Skills

Analytical skills

Communication

Attention to detail

Project management

Teamwork

Judgment & discretion

Travel willingness

Series 7/63/SIE

Job description

Goldman Sachs in Dallas seeks an Associate on the Wealth Management Risk Team to analyze client portfolios, assess risk and compliance, and support senior PWM leaders in a fast-paced, global business.

You will collaborate across PWM, Compliance, Legal and Strats to identify risks, create reporting, and help manage regulatory changes; occasional travel may be required as PWM regional offices are engaged.