Job Description
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.
Asset & Wealth Management
About
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
The Asset & Wealth Management Control Office is a recently established group in the Risk organization overseeing the division’s key control design standards. The Risk division is responsible for credit, market and operational risk, model risk, independent liquidity risk, and insurance throughout the firm. Our primary objectives are to create the key control inventory and process-risk-control artefacts across the division, report on the health of the division’s control landscape, and elevate controls to optimize our operating platform. This role ensures the effectiveness of controls supporting AWM’s business activities, driving consistency, transparency and accountability across the division. This group comprises of six critical functions, including (1) Control Office Management, (2) Control Strategy, (3) Monitoring & Testing, (4) Firmwide Policy Oversight Group, (5) Regulatory Inventory Traceability, and (6) Issue Management.
The Monitoring & Testing function will implement an evaluation framework to continuously monitor the efficacy of our processes, systems, and controls, and ensure their performance and compliance through robust testing methods, positioning itself as a critical function in mitigating risk within Asset & Wealth Management and Goldman Sachs as a whole. This partnership with strategic efforts across the firm allows for close collaboration with the other functions of the Asset & Wealth Management Control Office, providing opportunities for experience and influence in other areas. AWM Monitoring & Testing team is looking for people with strong quantitative and technical backgrounds and a strong interest in financial markets. We seek bright and dynamic individuals with a quantitative orientation, basic financial acumen, and fluency with programming.
How You Will Fulfill Your Potential
Risk & Control
- Develop an in-depth knowledge of the risk and control profile across Asset & Wealth Management
- Advise, challenge and inform the businesses on recommended ways to mitigate risk; reviews actions items to ensure that risk is being sufficiently addressed
- Leading by example: Act as a culture carrier by embedding & propagating a risk mind-set and awareness within the team, region & globally
- 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
- Partner with the business lines to assess residual risks that exist after issues are resolved and apply lessons learned to improve our risk and control framework
- Risk analysis: Collaborate with stakeholders to develop KRI’s / KPI’s for monitoring operational framework health, driving the risk agenda, highlighting areas of concerns, and partnering with line managers to develop, execute and monitor progress on remediation plans
QA & Technical Hat
- Create a Control QA & Monitoring framework and implement continuous improvement processes to ensure its adaptability to changes in process, regulations and platforms
- Develop data quality, lineage, and control test plans with QA, covering a wide range of products, business lines, and processes, including both manual and systematic data origins
- Design testing methodologies that define test scripts, execution protocols (including frequency, sampling and evidencing), and follow-up actions, ensuring integration with the Divisional risk management framework and datasets
- Partner with developers and low-code specialists to develop tooling to support test execution, recordkeeping, and reporting
- Work with our Business Intelligence team in building data models / data visualization for generating multi-dimensional reporting
- Maintain strong relationships and connectivity with the broader control and data organizations to enable maintenance of the test suites as the operating and control environment changes
- Execute test suites using manual and automated techniques, and integrate results into the broader risk management framework, including control enhancements and risk assessments
- Coordinate end-to-end risk management delivery with other Divisions, such as Compliance, Legal, Risk, Internal Audit and support regulatory interactions
Skills & Qualifications
- Bachelor’s degree and 1-3 years of experience within a risk management context and a solid understanding of the Asset & Wealth Management franchise
- Exposure to qualitative and quantitative controls and data testing across financial products
- Working knowledge of programming fundamentals including software development life cycle concepts
- Ability to navigate large data sets, develop metrics and synthesize a variety of information to summarize a profile
- An energetic self-starter with strong control mindset with a passion for risk management
- Excellent communication skills to clearly articulate issues and ideas with different levels across Asset & Wealth Management stakeholders
- Proactive and detail-oriented, with strong analytical, lateral thinking and organizational skills
- Innovative mindset with a sharp focus on identifying and implementing practical control enhancements and automation possibilities
- Effective influencing skills to challenging the status quo and continuously enhance the control environment
- Ability to perform data analytics using metrics to identify trends and themes
- Sound time management skills to effectively prioritize, multi-task and meet time-sensitive deadlines
- A mentor / coach to the juniors in the team
- Highly driven and motivated to improve personal performance, broaden knowledge, strong work ethic, and persist in the face of obstacles or setbacks
- Strong interpersonal and teamwork skills to collaborate as a global team and build strong relationships with key stakeholders across divisions
- Keeps current with emerging business, economic and market trends
- Proven track record to deliver and enhance measurable business outcomes and products, resulting in significant impact
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., 2020. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity
