AWM, Marcus by Goldman Sachs, Business Controls & Risk Management (Monitoring & Testing) Associate Richardson, TX or Draper, UT

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, Global Markets and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Bangalore, Hong Kong and other major financial centers around the world.

Bringing together traditional and alternative investments, we provide clients around the world with a dedicated partnership and focus on long-term performance. As the firm's primary investment area, we provide investment and advisory services for some of the world's leading pension plans, sovereign wealth funds, insurance companies, endowments, foundations, financial advisors and individuals, for which we oversee more than $2 trillion in assets under supervision. Working in a culture that values integrity and transparency, you will be part of a diverse team that is passionate about our craft, our clients, and building sustainable success. We are:

• Investors, spanning traditional and alternative markets offering products and services
• Advisors, understanding our clients' priorities and poised to help provide investment advice and strategies that make sense for their portfolios
• Thought Leaders, providing timely insights across macro and secular themes to help inform our clients' investment decisions
• Innovators, using our suite of digital solutions to help our clients address complex challenges and meet their financial goals

YOUR IMPACT

We are looking for an Associate to serve as a member of the Marcus US Deposits Business Controls function in Richardson (Texas) or Draper (Utah). The role will execute key control deliverables related to issues management, risk reporting and control assessments, to ensure regulatory compliance, protecting client assets, and managing risk.

OUR IMPACT

Within Asset & Wealth Management, we seek to provide innovative investment solutions to help our clients meet their financial goals. We work with specialists and groups from around the firm to help individuals and institutions across various industries navigate changing markets and to provide them with a diverse offering of product solutions.

As part of AWM, Marcus US Deposits is the Consumer deposits business, offering savings accounts and certificates of deposits to our customers to manage their financial goals. Our growth is driven by a relentless focus on our people, our clients, and leading-edge technology, data and design. We value self-starters with an entrepreneurial spirit, providing the support and resources to ensure your success.

Marcus US Deposits Business Controls is a first-line risk and controls management function which ensures process and controls design, controls assessment, issues management, controls monitoring and testing, risk reporting and governance.

Our primary objective is to elevate our controls environment to enable growth and scalability of the business in a well-managed way. It is a critical function to mitigate risk within Marcus US Deposits and Goldman Sachs as a whole. This function collaborates strongly with other functions in Business Controls to ensure proactive risk assessment, control design and enhancement. We are looking for people with strong analytical and quantitative backgrounds and a strong interest in financial services. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with risk and controls.

HOW YOU WILL FULFILL YOUR POTENTIAL

ROLE REQUIREMENTS

• Perform regular updates to test plan and test scripts based on regulatory changes
• Design and execute controls and regulatory testing for key controls and regulatory requirements
• Enhance testing by identifying and implementing testing automation leveraging AI and data analytics tools to replace manual sample-based testing
• Evaluate control issues to ensure conformance to Consumer and Firm requirements
• Analyze issue root-cause and validate remediation actions
• Independently develop and implement new test scripts and exception-based monitoring reports
• Perform quality monitoring on test execution
• Aggregate issues to identify key themes and control enhancement opportunities
• Engage with audit and risk partners to facilitate exams and monitor findings
• Assess vendor risks and issues for themes, and monitor closure
• Perform control reviews to identify enhancement opportunities
• Advise, challenge & inform the businesses on risk mitigation actions
• Lead senior management presentations on risk and control metrics and analysis
• Coordinate and facilitate governance routines with key executive stakeholders.
• Identify ways to share risk best practice across teams and functions, and with other business lines where like processes exist/there is exposure to similar risk

SKILLS & QUALIFICATIONS

• Bachelor's degree in Risk Management, Business, Finance, or a related field
• 5+ years related work experience
• Understanding of Consumer banking processes in a risk management context are required
• Working knowledge of deposits consumer compliance regulations
• Exposure to qualitative and quantitative controls across financial products.
• Strong analytical orientation, lateral thinking, organizational, influencing skills and attention to detail.
• Ability to perform data analytics using metrics to identify trends and themes leverage tools e.g. Alteryx, business objects, snowflake, advanced excel etc.
• Excellent communication skills to clearly articulate issues and ideas with different levels of stakeholders
• Innovative, including a keen eye for identifying areas of control enhancements
• Good influencing skills to challenge the status quo and enhance the control environment
• Sound time management skills to be able to effectively prioritize and multi-task.
• A mentor / coach to the juniors in the team
• Good interpersonal and teamwork skills to develop strong stakeholder relationships
• The ability to present with impact and build consensus across senior stakeholder groups
• Track record of delivering and enhancing measurable, impactful business outcomes
• CRCM and CIA or equivalent professional certifications preferred
• Experience with Tableau or other reporting/ data analytics tools

PREFERRED QUALIFICATIONS

• 3-5 years banking experience, specifically in operational risk, RCSA, compliance and internal audit
• Strong knowledge of Risk Assessment Framework and experience performing control assessments
• Working knowledge of financial, operational, compliance, and reputation risks
• Experience aggregating and analyzing various types of risks and data with output to dashboards and/or formal written assessments

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

The Goldman Sachs Group, Inc., 2024. All rights reserved.