AWM, Marcus, Risk Reporting, Associate, Richardson

Job Description

Wealth Management

Across Wealth Management, Goldman Sachs helps empower clients and customers around the world to reach their financial goals. Our advisor-led wealth management businesses provide financial planning, investment management, banking and comprehensive advice to a wide range of clients, including ultra-high net worth and high net worth individuals, as well as family offices, foundations and endowments, and corporations and their employees. Our consumer business provides digital solutions for customers to better spend, borrow, invest, and save. Across Wealth Management, our growth is driven by a relentless focus on our people, our clients and customers, and leading-edge technology, data and design.

Marcus by Goldman Sachs

The firm's direct-to-consumer business, Marcus by Goldman Sachs, combines the entrepreneurial spirit of a start-up with more than 150 years of experience. Today, we serve millions of customers across multiple products, leveraging innovative design, data, engineering and other core capabilities to provide customers with powerful tools and products that are grounded in value, transparency and simplicity

RESPONSIBILITIES AND QUALIFICATIONS

The Risk Governance team is a fundamental function to support firmwide policy and standard uplifts, audit engagements, and continuously provide governance to the identification, assessment, management and communication of risks. As part of the broader Business Control team, the Risk Reporting Associate role serves as part of the Marcus Deposit's first line of defense to strengthen risk mitigation governance. This role will concentrate on aligning the current framework to accommodate new changes as the business evolves, while also maintaining support for the existing framework. Additional responsibilities include:

• 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.
• Carry out operational delivery of risk reports on a daily basis. This includes the execution of key data integrity controls, reconciliations, adjustments and analytics
• Coordinating the productions of several risk reports by agreed upon deadlines. This involves working with contacts globally to quickly research and explain variances in key risk measures and to facilitate sign-off by senior risk stakeholders prior to report distribution internally and to regulators.
• Review, design and analyze risk dashboards to ensure data integrity and accuracy.
• Partner with other business units and support teams to remediate issues and assist with implementation of corrective actions related to control failures and non-compliance with policies and procedures.
• Develop and prepare communications for senior management and regulators about the emerging risks and mitigation strategies.
• Participate in audits, providing necessary documentation and support related to operation risk.
• 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
• Coordinate and facilitate the business controls meeting with key executive stakeholders.
• 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.
• Work effectively with cross-function on issues in establishing communication plans and ensuring their execution.
• Be a critical thinker: Thoughtful, self-aware, and use available evidence to make decisions.

Basic Qualifications

• 3-5 years of related work experience
• Advanced operational risk, process, and control validation and/or assessment skills
• Working experience with risk management frameworks and regulations
• Basic project management, analytical and research skills with a demonstrated ability to manage projects from inception through completion
• Excellent interpersonal, relationship building, communication (written and verbal) and negotiation skills
• The ability to present with impact and build consensus across senior stakeholder groups
• Experience building reports and presentations. Expert level proficiency in the Microsoft tool suite, including Excel, Word and PowerPoint
• Bachelors degree required

Preferred Qualifications

• 5+ years banking experience, specifically in risk, compliance, or corporate governance
• Strong Risk Assessment Framework knowledge and experience performing risk assessments covering key risks and controls
• Hands-on knowledge of root cause analysis
• 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
• Experience with Tableau or other data analytic tools

ABOUT GOLDMAN SACHS

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

© The Goldman Sachs Group, Inc., 2017. All rights reserved

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet.