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 Controls Assessment & Design team is a fundamental function to support new product launches, firmwide policy and standard uplifts, and continuously look for controls gaps in existing products. As part of the broader Business Controls team, the Risk & Controls Associate role serves as part of Marcus’s first line of defense to ensure strong risk mitigation governance and process-level controls inventory. This role will focus on proactively identifying opportunities for enhancing controls or implementing additional controls.

What you can expect in a Controls Assessment Associate role:

• Proactively identify potential business risks, process deficiencies, and potential gaps/ weaknesses in risk management standards.
• Present outcomes of gap assessment and remediation to leadership.
• Lead process deep dives by reviewing process documentation (process maps, procedures, etc.) to document existing controls and identify control gaps (automation, detective reporting, etc.), specifically related to ensuring Consumer regulatory requirements are sufficiently covered.
• Actively participate in cross functional working groups to enhance enterprise risk management frameworks.
• Lead cross-functional project management efforts across the internal working team.
• Work closely with compliance to map regulatory requirements to specific processes and controls.
• Head continuous control framework improvements and the evolution to meet changing requirements to support maximum visibility to the executive audience.
• Maintain effective communication with other teams to determine root cause of errors and shepherd the implementation of control specific corrective actions related to non-compliance with policies and procedures.
• Contribute to executive reporting and other data-driven deliverables, with a focus on providing appropriate content, context, and structure in a precise and timely manner.
• Shepherd improvements to the product and process execution based on root cause problem solving with the business on issues and risks
• Present impact of improvements to senior leadership
• Work with all lines of defense on large scale projects impacting the entire firm

Basic Qualifications 

• Bachelor's degree 
• 3+ years related work experience in an Operational Risk, Controls, Process Improvement role or transferable knowledge.
• Critical thinking, project management, and problem-solving skills
• Able to provide effective challenge and provide alternative perspective to group consensus.
• Genuine excitement and passion for leading root cause analysis, troubleshooting process failures, and implementing fixes to increase control framework effectiveness.
• Experience building reports and presentations.
• Proficiency in the Microsoft tool suite including SharePoint, Excel, Word, and PowerPoint
• Excellent interpersonal, relationship building, and communication (written and verbal) skills.

Preferred Qualifications

• Experience in Consumer Banking (Deposits), specifically in operational risk, compliance, or process improvement
• Working knowledge of financial, operational, compliance, and reputation risks
• Experience working on Audits

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.

Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

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